---
title: "Here’s Why April Is a Crucial Month for XRP’s Price: Analyst"
url: https://diffcoin.com/heres-why-april-is-a-crucial-month-for-xrps-price-analyst/
description: "The trader also suggested XRP is on the verge of a breakout towards new ATHs above $1"
published: 2024-04-11
updated: 2024-04-11
author: "Mila"
site: "Diffcoin"
---

# Here’s Why April Is a Crucial Month for XRP’s Price: Analyst

The cryptocurrency market kicked off the week with most of the top cryptocurrencies trading on the green, and XRP is among them, exchanging hands at $0.61 at press time.

After analyzing the asset’s monthly chart, Dark Defender – a well-known crypto analyst who commonly breaks down the price action of altcoins – concluded that XRP is poised for a significant price increase. He anticipates that it will break out of its current price range and make substantial gains in April, possibly surging past the $1 target.

## April is a Key Month for XRP

Despite XRP showing clear signs of consolidation, the analyst dismissed the idea that XRP is confined to a narrow price range—around $0.60. He states that April is a key month in which a breakout is imminent for the asset.

> I think starting this Month, April, a lot of melting faces will be around. We expected this Resistance to be eliminated in April, and the time has come towards. I expect the move towards $1 very soon, which will pave the way for $1.88 & $5.85 first.

While the main fear among traders is that XRP will retest and ultimately trade sideways, the analyst remains convinced that it will soon break to $1.88 and $5.85.

Likewise, Dark Defender shared an analysis based on three monthly timeframes of the XRP/BTC pair. “Each candle or price bar is formed in 3 months (3M), and Aril is the start moment of the new bar. (April-May-June will form a new candle)”

> Hi all, Today, I’d like to analyze three Monthly Time frames for the [#XRP](https://twitter.com/hashtag/XRP?src=hash&ref_src=twsrc%5Etfw) / [#BTC](https://twitter.com/hashtag/BTC?src=hash&ref_src=twsrc%5Etfw) pair. Thanks to [@MoonLamboio](https://twitter.com/MoonLamboio?ref_src=twsrc%5Etfw), who reminded me of the update.
> 
> Each candle or price bar is formed in 3 months (3M), and Aril is the start moment of the new bar. (April-May-June will form a new candle)… [pic.twitter.com/iHDE5jx4Rk](https://t.co/iHDE5jx4Rk)
> 
> — Dark Defender (@DefendDark) [April 7, 2024](https://twitter.com/DefendDark/status/1776921236913713389?ref_src=twsrc%5Etfw)

Other industry participants observing XRP’s performance share similar thoughts and believe it will witness an explosive upward move. As CryptoPotato reported, some concluded that XRP needs to break above the $0.75 level to eventually jump to the range of $1 – $1.30

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[Source link](https://cryptopotato.com/heres-why-april-is-a-crucial-month-for-xrps-price-analyst/)