Dark

<p>A crypto analyst has provided <a href="https://www.newsbtc.com/analysis/xrp/xrp-price-parabolic-crypto-1000/">some optimism</a> regarding the XRP price as many contemplate whether or not to continue to hold on to their <a href="https://bitcoinist.com/can-xrp-price-reach-50-crypto-analyst-predicts-massive-move/" rel="nofollow">XRP tokens</a>. This comes as the crypto token’s underperformance has been a cause of concern to holders, with talks about a <a href="https://bitcoinist.com/crypto-expert-xrp-price-suppressed/" rel="nofollow">potential manipulation</a> resounding through the community.</p> 
<h2 id="xrp-price-to-hit-18-in-the-short-term">XRP Price To Hit $18 In The Short-Term</h2> 
<p>In a post on his X (formerly Twitter) platform, crypto analyst Dark Defender shared an interesting analysis where he noted that XRP <a href="https://bitcoinist.com/xrp-xlm-at-6-5-analys-prediction/" rel="nofollow">could hit $18 soon enough</a>. 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.&nbsp;</p> 
<p>Meanwhile, Dark Defender also shared XRP’s monthly chart in his post. From the chart, he noted that <a href="https://bitcoinist.com/can-xrp-price-reach-50-crypto-analyst-predicts-massive-move/" rel="nofollow">XRP</a> 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.”</p> 
<p>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 <a href="https://bitcoinist.com/bitcoin-adopter-says-xrp-price-closer-to-10/" rel="nofollow">$18.22 in the short mid-term</a>. The journey to $18 isn’t expected to be all smooth, as he mentioned that XRP would face a strong resistance at $1.08.&nbsp;</p> 
<p>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.&nbsp;</p> 
<p><img loading="lazy" decoding="async" class="aligncenter size-medium" src="https://www.tradingview.com/x/QneO4X2G/" alt="XRP price chart from Tradingview.com" width="3266" height="1530"></p> 
<h2 id="a-growing-frustration-in-the-xrp-community">A Growing Frustration In The XRP Community?</h2> 
<p>Over the weekend, a pro-XRP crypto influencer, Chloe, released an <a href="https://x.com/Chloe_Le_Pen/status/1733634113712627815?s=20" rel="nofollow">X post</a> where she voiced her frustration at <a href="https://bitcoinist.com/xrp-price-pump-now-or-never/" rel="nofollow">XRP’s price decline</a> and stated that she had “sold it all.” Before that post suggesting that she had sold her XRP holdings, she had made an <a href="https://x.com/Chloe_Le_Pen/status/1733428317301186756?s=20" rel="nofollow">earlier post</a> where she seemed very displeased with XRP’s price action.&nbsp;</p> 
<p>Although Chloe later came out to <a href="https://x.com/Chloe_Le_Pen/status/1733810214065856681?s=20" rel="nofollow">clarify</a> that she didn’t sell any “single XRP,” her earlier posts exemplify the growing frustration in the XRP community. At the moment, <a href="https://www.newsbtc.com/analysis/xrp/xrp-price-up-today-ripple/">many seem puzzled</a> by XRP’s abysmal price action. One of them is <a href="https://bitcoinist.com/xrp-news-ripple-lawyer-sec/" rel="nofollow">pro-XRP legal expert Bill Morgan</a>, who recently questioned the reason for XRP’s underperformance.</p> 
<p>In an <a href="https://x.com/Belisarius2020/status/1733811817405972839?s=20" rel="nofollow">X post</a>, the lawyer stated that XRP has failed to outperform most of the other tokens in the top 10 by market cap despite <a href="https://bitcoinist.com/ripple-judge-deems-xrp-sale-non-investment-contract/" rel="nofollow">gaining regulatory clarity</a>. 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.”</p>

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

Table of Contents

NewsBTC

Other articles published on Dec 11, 2023

North American blockchain gaming market set to reach $600b by 2030

XRP Blunder: Billionaire CEO Admits Mistake In Candid Revelation

Crypto-linked investment records non-stop inflows, Is BTC ETF approval imminent?

SBI and Saudi Aramco form a digital asset alliance

Daily Analysis: BTC, ETH, AVAX, SOL, LINK

Conio and Coinbase Join Forces for Institutional Crypto Expansion in Italy

Join our free newsletter for daily crypto updates!