- Valhill Capital’s bold projection places XRP at $18,000, assuming it becomes a global financial backbone.
- Technical analysis suggests XRP could reach between $20 and $66 if key resistance levels are broken.
Crypto markets are no strangers to bold predictions. Years ago, a $100,000 Bitcoin price once seemed like a far-fetched dream, but later, we saw BTC hovering close. Now, another outrageous prediction about XRP is being made. A report by Valhill Capital says that XRP can reach $18,000 if there is mass acceptance across the globe.
Based on a report in 2023 , five different models for the future value of XRP have been established. The ideal situation is for XRP to facilitate global transactions, substituting for SWIFT and wealth tokenization. As per this, XRP would be transacting at $915 trillion and would be at a level of $18,036.
The notion has caused heated discussion. Some say that while there is a use for XRP in international transactions, achieving this level of market value would necessitate widespread acceptance by financial institutions and banks worldwide.
Several are sure that XRP is still undervalued and that as a liquidity bridge, it can push prices much higher. However, the prediction is just another addition to the ongoing discussion about XRP’s longer-term worth.
Technical Analysis Points to XRP at $20-$66
While $18,000 seems unrealistic to most, technical analysts are watching more reasonable targets. A detailed Elliott Wave analysis suggests XRP could hit $20 to $66 in the coming months.
The analysis tracks five market movement waves. The initial wave recorded a rise of 510%, providing a benchmark for subsequent gains. The peak wave, Wave 3, is normally extended to 1.618 times Wave 1. Assuming this is the case, XRP may rise as much as 800% to 1000%, sending prices to the $17-$20 mark.
Source: X
Wave 4 is normally a corrective wave, as buyers accumulate before the eventual breakout. It can experience XRP consolidating between $6 and $7 before the eventual upward push. Wave 5 is expected to be the eventual rise, as prices target between $20 and $66, depending on market conditions.
For the targets to be reached, XRP must break above key resistance levels. The largest hindrance is still at $3.4, and it has persistently suppressed rallies. If bulls break above this level, XRP could start gathering momentum toward the top targets in the wave analysis.
$3.4 Break Needed for XRP’s Upward Push
XRP is in a squeeze between buying pressure and market resistance. The bulls have defended the $2-$3 zone on several occasions and have kept prices from dipping lower. Each time prices dip to this zone, buyers come in and affirm strength.
But market makers are implementing strategies to drain bull runs. Repeated testing at supports wears them down in time and increases the possibility of a breakdown. The same can be applied to resistance, and multiple tests at key levels can possibly yield a breakout.
A move past $3.4 is vital for a push upwards. The market is also looking at $2.20, $2.60, and $3.10 as key resistance. If the cryptocurrency breaks past them, the trend may shift in the bulls’ favor.
Source: X
On the downside, a 21 EMA crossover with the 100 MA is a signal for increased selling pressure, and caution is required. As for now, XRP is consolidating . The next major movement will depend upon whether or not the bulls can hold or if the bears force a retreat.
