Dark Defender Analyzes XRP's Potential Price Increase to $18

Crypto analyst Dark Defender has shared deep insights into the price potential of XRP, believing that the price could rise to $18 based on Elliott Wave Theory analysis. The analyst's chart illustrates the timing at which XRP could reach this double-digit price target. XRP price target According to Dark Defender, XRP is currently in its third wave. The chart he created shows that this upward trend could push the cryptocurrency to $5.8. He believes that this $5 increase could happen before the end of the year.

After this increase, there is a possibility of a correction, with XRP price potentially dropping to around $4. This correction will set the stage for the cryptocurrency to rise again towards its target of $18 by mid-2025. Expectations from other analysts "I predict XRP will fluctuate between $2 and $2.10 in the near future. This volatility will allow XRP to easily surpass the $1.61 level and reach $8." - Armando Pantoja Ali Martinez and CrediBULL Crypto also predict that XRP will rise in price, predicting that the price could soon reach $2. CrediBULL Crypto notes that XRP's monthly Relative Strength Index (RSI) is approaching overbought territory for the first time in three years. The increasing RSI indicates stronger momentum and further price potential. Therefore, after reaching $2, XRP is expected to move towards a new record high. Cryptocurrency analyst Javon Marks has provided an optimistic outlook for XRP. He stated that after breaking out of a low timeframe range, XRP is starting to show significant strength signals. Therefore, he believes that the strong upward trend may continue over $3, while also cautioning against exaggerated figures such as $18, indicating a market capitalization of nearly $1 trillion when considering the circulating supply. With these positive developments, the price performance of XRP is considered a noteworthy trend that needs to be closely monitored in the cryptocurrency market. Closely monitoring the future price movements of XRP can be very important for investors.