XRP Price Prediction: Analyst Forecasts $18 Target
If you’re holding on to your XRP tokens and feeling uncertain about its underperformance, there may be some optimism for you. Crypto analyst Dark Defender believes that XRP could hit $18 in the short-term. He points out that XRP is retesting the crucial price level of $0.6649, which could indicate an upward trend. Looking at XRP’s monthly chart, Dark Defender suggests that XRP could move closer to $1, with targets of $0.88 and $1.05 being achievable soon. However, there will be strong resistance at $1.08 before the potential breakthrough to $18.
Questions About XRP’s Underperformance
Many people are puzzled by XRP’s low price action, including pro-XRP legal expert Bill Morgan. Despite gaining regulatory clarity, XRP has failed to outperform most other tokens in the top 10 by market cap. Morgan highlights that XRP’s price was higher five years ago than it is now, suggesting that there needs to be a better explanation for its price movement.
Hot Take: Is an $18 XRP Price Realistic?
The prediction of XRP reaching $18 may provide hope for holders, but it’s essential to approach it with caution. While Dark Defender presents an interesting analysis and identifies key price levels, it’s important to consider various factors that can influence the cryptocurrency market. Market volatility, regulatory developments, and overall investor sentiment can impact the trajectory of any digital asset, including XRP. It’s always wise to conduct thorough research and consult multiple sources before making any investment decisions.
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