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A crypto analyst has provided some optimism for XRP holders as he predicts that the price of XRP could reach $18 in the short-term. The analyst, known as Dark Defender, based his prediction on the fact that XRP is retesting a crucial price level of $0.6649. He also highlighted targets of $0.88 and $1.05 that he believes are achievable in the near future.
Dark Defender further mentioned that there is a 5 Wave EW Structure in the Monthly Chart that indicates XRP could reach $18.22 in the short mid-term. However, he noted that XRP will face strong resistance at $1.08 before it can continue its upward trend. The analyst suggests that XRP could reach $18 between July and October 2024.
Meanwhile, there seems to be growing frustration in the XRP community due to the token’s price decline. A pro-XRP influencer named Chloe expressed her frustration and claimed to have sold all her XRP holdings. However, she later clarified that she didn’t actually sell any XRP. This frustration is shared by others in the community, including pro-XRP legal expert Bill Morgan, who questioned why XRP has underperformed compared to other tokens in the top 10 by market cap.
Morgan pointed out that XRP’s price was higher five years ago than it is now, despite gaining regulatory clarity. He believes there needs to be a better explanation for XRP’s price movement than simply attributing it to market trends.