Myth or Reality? New XRP Price Prediction Shows Bullish Target of $18

Crypto analyst Dark Defender has presented a bullish case for XRP, suggesting potential targets of $1.88, $5.86, and $18.24 at various Fibonacci retracement levels.

Potential Risks: What Could Derail Ripple’s Progress?

Even though things look hopeful, there are a few elements that could slow down XRP’s growth:

1. Ongoing regulatory uncertainty
2. General cryptocurrency market volatility
3. Competition from other blockchain payment solutions

Also Read: Ripple: How To Be a Millionaire When XRP Hits $1.5

Is the $18 Target for XRP Achievable?

People are excited about the $18 prediction, but we should be careful with such big hopes. CoinCodex’s safer projections show us something different:

CoinCodex predicts XRP could reach $0.790636 in the next month, $1.899603 in six months, and $1.313112 in one year. While these projections are positive, they are significantly lower than the $18 target.

Binance’s user-generated predictions are conservative, forecasting Ripple to reach only $0.869732 by 2030.

Their technical analysis shows mixed signals:

• 4-hour and weekly timeframes: Bullish trends
• 1-day timeframe: Bullish short-term, weak long-term trend
• RSI: Overbought daily, neutral weekly

While these analyses indicate positive momentum, they fall far short of the $18 target. The prediction says the price will slowly go up to $0.87 by 2030. This is much less than the bold guess of $18.

Also Read: Here’s When XRP Will Climb Above $1 Again

In conclusion, the $18 goal for Ripple seems more like a myth than something that will happen soon. Even though XRP has potential, people investing should think about many things and different guesses about its future.