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.
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.
