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COINTURK NEWS > Ripple (XRP) > Dark Defender Analyzes XRP’s Potential Price Surge to 18 Dollars
Ripple (XRP)

Dark Defender Analyzes XRP’s Potential Price Surge to 18 Dollars

In Brief

  • Dark Defender predicts XRP could reach 18 dollars based on Elliott Wave Theory.

  • Other analysts expect XRP to rise to around 2 dollars soon.

  • Monitoring XRP's price movements is crucial for investors in the crypto market.

Fatih Uçar
Fatih Uçar 6 months ago
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Crypto analyst Dark Defender shared insights on XRP’s price potential, suggesting it may rise to 18 dollars based on Elliott Wave Theory analysis. The analyst’s chart illustrates when XRP could reach this two-digit price target.

Contents
XRP Price TargetExpectations from Other Analysts

XRP Price Target

According to Dark Defender, XRP is currently in its third wave. The chart he created indicates that this upward movement could lead the cryptocurrency to hit 5.8 dollars. He believes this surge of 5 dollars could happen before the end of the year.

Following this rise, a potential correction could occur, with XRP’s price likely declining to around 4 dollars. This correction wave would set the stage for the cryptocurrency to rise again towards the 18-dollar target by mid-2025.

Expectations from Other Analysts

“I predict XRP will oscillate between 2 and 2.10 dollars in the near term. This movement will allow XRP to easily surpass the 1.61 dollar level and reach 8 dollars.” – Armando Pantoja

Ali Martinez and CrediBULL Crypto also foresee a rise in XRP, projecting it could reach 2 dollars soon. CrediBULL Crypto noted that XRP’s monthly Relative Strength Index (RSI) is nearing overbought territory for the first time in three years.

“An increase in the RSI indicates strengthening momentum and the potential for further upward movement. Therefore, after reaching 2 dollars, XRP is expected to progress toward new all-time highs.”

Crypto analyst Javon Marks displayed an optimistic outlook for XRP. He stated that after breaking the low timeframe range, XRP began signaling significant strength. Thus, he suggested a strong upward trend could continue above 3 dollars, while advising caution against exaggerated figures like 18 dollars, which suggests an almost 1 trillion dollar market cap considering circulating supply.

Given these positive developments, XRP’s price performance is regarded as a notable movement that requires close monitoring in the crypto market. Keeping a close eye on XRP’s future price actions could be vital for investors.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Fatih Uçar 23 November, 2024 - 3:12 am 23 November, 2024 - 3:12 am
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