Dark Defender, a prominent figure in the crypto community, has recently discussed the potential for XRP to surge to $18, using Elliott Wave Theory as a basis for his analysis. His projections are illustrated through a detailed chart that outlines possible price movements for the cryptocurrency.
What is the Target Price for XRP?
Dark Defender notes that XRP is currently positioned within its third wave of growth. His analysis suggests that the cryptocurrency could reach $5.80 by the end of the year. He anticipates a $5 surge before a possible correction leads the price down to $4, setting the stage for a further rise toward the $18 target by mid-2025.
What Do Other Experts Expect for XRP?
Other industry experts also share optimistic forecasts for XRP. Armando Pantoja projects that XRP could fluctuate between $2 and $2.10 in the near future, allowing it to surpass the $1.61 threshold and possibly reach $8. Additionally, analysts Ali Martinez and CrediBULL Crypto expect an upward trend, with XRP hitting $2 soon due to the monthly Relative Strength Index nearing overbought territory.
- XRP is poised to rise to $5.80 by year-end.
- A correction may bring it down to around $4 before further gains.
- Potential for reaching $18 exists by mid-2025.
- Analysts predict fluctuations between $2 and $8 in the short term.
As these price movements unfold, XRP’s trajectory warrants close observation, particularly for those engaged in the cryptocurrency market. Monitoring XRP’s fluctuations could prove essential for strategic decision-making among market participants.