Expert Predicts XRP Price Rally To $8 Amid ETF & Ripple IPO Speculations

Monicah W

Expert Predicts XRP Price Rally To $8 Amid ETF & Ripple IPO Speculations

A renowned crypto market expert sent shockwaves across the broader sector this Thursday by projecting a highly bullish outlook for XRP price. Analyst Dark Defender has forecasted that an $8 price target for the crypto looms right over the horizon. In the wake of XRP ETF and Ripple IPO odds gaining substantial weight, traders and investors are highly optimistic that this bullish prediction will be accurate.

Market Expert Predicts XRP Price To $8 Despite Turbulence

XRP price is currently trading at the $2.35 level, down nearly 4% in the past 24 hours. The American blockchain payment company’s crypto bottomed at $2.33 intraday. Notably, the weekly chart for the coin further shows a nearly 6% dip in value. However, despite the broader waning action, market experts believe price can rally ahead.

According to analyst Dark Defender’s X post on March 27, Ripple’s coin is targeting $5.85 and $8.076 shortly ahead. The analyst cites these bullish targets based on price analysis of a 3-month time frame chart.

Taking into consideration January, February, and March, the analyst highlights that a 3-month candle will close by this month’s end. “When you zoom out, you can see a clear bullish momentum” for the coin, the analyst added based on his analysis.

XRP price
Source: Dark Defender, X

For context, while larger time frames (like 3-month charts) are often used to assess the overall trend, smaller ones are used for short-term trading. In conclusion, after a broader time frame analysis by Dark Defender, the analyst strongly believes that XRP price target for the 3rd wave remains ultimately at $8.

Can $8 Prediction Come True? Ripple IPO & XRP ETF Odds Spark Optimism

Simultaneously, broader market advancements for the Ripple community have added to hopes of a looming bull run. In a riveting turn of events, following the SEC lawsuit settlement, market participants are now eyeing a Ripple IPO (Initial Public Offering). CoinGape reported that although there have been no official announcements yet, experts believe such a feat will happen in the next 12 to 18 months.

While this mover could fuel a remarkable bull run for XRP price, soaring Ripple ETF odds have added further optimism. Recent Polymarket data indicated that there is an 85% chance of an ETF approval by this year (2025).

In turn, bullish market sentiments surrounding the crypto continue to rise. Also, it’s worth mentioning that the RLUSD stablecoin-fueled hype has injected further optimism for future movements.

XRP Derivatives Market Overview

Meanwhile, Coinglass data indicated that XRP futures OI rose from the $2 billion level and closed in on $4 billion since March 12 to date. This data indicated renewed market interest in the crypto amid broader advancements.

XRP derivatives OI
Source: Coinglass

Simultaneously, the coin’s derivatives volume was also up 24% today, reaching $5.35 billion. Overall, market watchers remain highly bullish on the crypto’s long-term prospects due to the broader dynamics.

The post Expert Predicts XRP Price Rally To $8 Amid ETF & Ripple IPO Speculations appeared first on CoinGape.

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Crypto Market Recovers from Heavy Sell-Offs, Boosted by Macro Trends

After a rough start to the week with massive liquidations, the crypto market has finally experienced some relief, with a rebound driven by favorable broader macroeconomic changes. 

Liquidations over the past day totaled $384.4 million, a significant drop from previous days. Meanwhile, the global market cap rose 1.1% over the last day.

Crypto Market Recovers After Massive Liquidations

The market’s dip was primarily driven by fears of a global recession, trade wars, and broader macroeconomic uncertainty. As a result, Bitcoin (BTC) and Ethereum (ETH) plunged to monthly and yearly lows.

This sharp decline led to widespread liquidations. Nearly $1 billion was liquidated from the market yesterday. Nonetheless, the latest data paints a slightly more favorable picture.

According to Coinglass data, $384.4 million was liquidated in the past 24 hours. Of this, $138.2 million came from long positions, while $246.2 million were short positions. 

crypto liquidation
Crypto Market Liquidation. Source: Coinglass

Specifically, Bitcoin saw $186.7 million in liquidations, with $146.0 million attributed to short positions. Ethereum experienced $73.6 million in liquidations, with $40.3 million from long positions and $33.1 million from short positions.

Meanwhile, Bitcoin regained ground over $80,000, trading at $82,299. This marked a 3.6% increase over the past day. 

bitcoin price
Bitcoin Price Performance. Source: BeInCrypto

Notably, the recovery could be attributed to recent diplomatic developments. According to Bloomberg, Ukraine agreed to a temporary 30-day ceasefire in response to a US proposal. This has reduced geopolitical tensions that had previously weighed on the market. 

Furthermore, Ontario suspended 25% tariffs on electricity exports to Michigan, New York, and Minnesota. This was also a major step towards easing trade tensions.

US political figures, including House Speaker Mike Johnson, have also provided much-needed reassurance to the markets. Johnson suggested that President Trump’s economic policies, which initially contributed to market instability, would eventually stabilize the economy. 

“Give the president a chance to have these policies play out,” he said.

In addition, White House Press Secretary Karoline Leavitt noted that the market dip represented a temporary state rather than a definitive or permanent trend. 

“We are in a period of economic transition,” Leavitt stated.

She emphasized the idea that market numbers, such as stock prices, trading volumes, and liquidations, reflect a specific point in time and can evolve. These combined factors—political reassurances, easing trade tensions, and a reduction in geopolitical risks—have contributed to the crypto market’s recent recovery.

The post Crypto Market Recovers from Heavy Sell-Offs, Boosted by Macro Trends appeared first on BeInCrypto.

Plume Announces PayPal USD-Powered PayFi Vault, Coming Soon to Nest

In a groundbreaking development within the decentralized finance (DeFi) sector, Plume, the first Layer 1 blockchain purpose-built for Real World Asset Finance (RWAfi), has announced the upcoming launch of its PayFi Vault on its flagship yield streaming product, Nest.

This new vault will be powered by PayPal USD (PYUSD), aiming to revolutionize payment financing by bringing it on-chain and utilizing institutional-grade stablecoin-backed assets.

Bridging Traditional Finance and DeFi

Plume’s integration of PYUSD into its PayFi Vault signifies a strategic move to bridge traditional payment systems with decentralized financial mechanisms.

By leveraging PYUSD—a fully reserved stablecoin backed by dollar deposits, U.S. treasuries, and cash equivalents—the PayFi Vault establishes a secure and stable foundation for on-chain payment financing. This integration not only enhances liquidity but also offers users globally access to institutional-grade financing opportunities.

Understanding the PayFi Vault

According to the announcement by Plume Network, the PayFi Vault is designed to provide last-mile liquidity for the supply chain, effectively powering global trade, commerce, and inventory management.

By tokenizing payment financing solutions such as invoices, receivables, and payment obligations, the vault unlocks sustainable yield offerings that were previously inaccessible to a global user base. Stablecoins like PYUSD play a crucial role in this ecosystem, serving as a reliable and efficient means of transferring value, thereby facilitating faster settlements and reducing costs associated with traditional financing methods.

The Role of Stablecoins in Payment Financing

Stablecoins, particularly those fully backed by real-world assets like PYUSD, are increasingly recognized as digital dollar standards. Their stability and regulatory compliance make them ideal for integration into DeFi platforms seeking to offer secure and efficient financial services.

In the context of Plume’s PayFi Vault, PYUSD acts as a stable liquidity layer, enabling users to participate in yield-generating activities without the volatility risks associated with other cryptocurrencies. This integration underscores the evolving role of stablecoins in facilitating real-world financial applications within the DeFi landscape.

The post Plume Announces PayPal USD-Powered PayFi Vault, Coming Soon to Nest appeared first on CoinGape.