Crypto Analyst Predicts Short-Term XRP Price Rally To $18

Name	Symbol	Market	Market Cap ($)	Algorithm
Ripple	XRPUSD	Crypto	30,470,977,257	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ripple

XRPUSD

Crypto

30,470,977,257

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.0204	3.79%	0.5582	0.558	0.5581

Price Change

Price Change %

Current Price

Bid Price

Offer

0.0204

3.79%

0.5582

0.558

0.5581

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.571	0.5326	0.538	0.5378	0.382490 - 0.852600

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.571

0.5326

0.538

0.5378

0.382490 - 0.852600

Exchange	Last Trade	Size	Trade Price	Currency
BSTP	15:01:56	63.52	0.55778	USD

Exchange

Last Trade

Size

Trade Price

Currency

BSTP

15:01:56

63.52

0.55778

USD

Price x Volume	Volume	Base Symbol	Related Pairs
52,168,726.78	94,957,118.42	XRP	XRPEUR	XRPGBP	XRPBTC

Price x Volume

Volume

Base Symbol

Related Pairs

52,168,726.78

94,957,118.42

Crypto Analyst Predicts Short-Term XRP Price Rally To $18

11/12/2023 3:00pm

NEWSBTC

A crypto analyst has provided some optimism regarding the XRP price as many contemplate whether or not to continue to hold on to their XRP tokens. This comes as the crypto token’s underperformance has been a cause of concern to holders, with talks about a potential manipulation resounding through the community. XRP Price To Hit $18 In The Short-Term In a post on his X (formerly Twitter) platform, crypto analyst Dark Defender shared an interesting analysis where he noted that XRP could hit $18 soon enough. To back up his prediction, he noted that XRP was retesting the $0.6649. According to him, this level is “not a joke” as it is a very crucial one. An upward trend is expected from that price level based on his assertions. Related Reading: Crypto Market Experts Predict When Cardano (ADA) Price Will Cross $7 Meanwhile, Dark Defender also shared XRP’s monthly chart in his post. From the chart, he noted that XRP was currently above the price level of $0.6649, which he had earlier referenced. This happening could see XRP move close to $1. On the chart, he highlighted $0.88 and $1.05 as targets that will be “achievable shortly.” The rally, however, doesn’t stop there, as the crypto analyst claimed the “5 Wave EW Structure in the Monthly Chart is still in play.” This indicator points to XRP hitting $18.22 in the short mid-term. The journey to $18 isn’t expected to be all smooth, as he mentioned that XRP would face a strong resistance at $1.08. The good news is that once XRP is able to break from that level, “it will be Kaboom,” in the words of Dark Defender. As to how soon XRP could hit $18, the accompanying chart suggests that this could happen between July and October 2024. Token price falls to $0.62 | Source: XRPUSD on Tradingview.com A Growing Frustration In The XRP Community? Over the weekend, a pro-XRP crypto influencer, Chloe, released an X post where she voiced her frustration at XRP’s price decline and stated that she had “sold it all.” Before that post suggesting that she had sold her XRP holdings, she had made an earlier post where she seemed very displeased with XRP’s price action. Related Reading: Bitcoin Bull Signal Returns: Exchange Supply Hits Lowest Level Since 2017 Although Chloe later came out to clarify that she didn’t sell any “single XRP,” her earlier posts exemplify the growing frustration in the XRP community. At the moment, many seem puzzled by XRP’s abysmal price action. One of them is pro-XRP legal expert Bill Morgan, who recently questioned the reason for XRP’s underperformance. In an X post, the lawyer stated that XRP has failed to outperform most of the other tokens in the top 10 by market cap despite gaining regulatory clarity. Interestingly, he noted that XRP’s price was higher five years ago than it is now. According to Morgan, there needs to be a better explanation for XRP’s price movement than just “saying it follows the market.” Featured image from CoinGape, chart from Tradingview.com

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