XRP Sets Sights on $18 Target as Analyst Sees End of Correction

XRP is gaining attention from analysts and investors as it may be nearing the end of its corrective phase. Dark Defender, an analyst, suggests that XRP's long-term outlook could be about to turn bullish.

The Elliott Wave analysis shared by Dark Defender indicates that XRP may be completing a macro Wave 4 correction, which is typically followed by a strong Wave 5 impulse. This pattern would set the stage for a new bull cycle with progressively higher price targets.

The analyst has outlined four key upside milestones at $2.90, $5.86, $9.04, and $18.23, representing potential resistance zones that XRP could test as the broader uptrend develops. At the time of writing, XRP is trading at $1.08.

The technical setup is not the only factor supporting a breakout; Ripple's expanding institutional partnerships and accelerating adoption of the XRP Ledger are also contributing to long-term confidence in the asset.