XRP Bulls Eye $5, Long-Term Target $18

XRP Price Analysts Bullish on $5 Next, Long-Term Target of $18

XRP, the native cryptocurrency of Ripple, has been the subject of bullish price predictions from analysts, with some expecting the asset to reach $5 in the near future and $18 in the long term. The positive outlook is driven by a combination of on-chain metrics, institutional adoption, and market sentiments.

In a recent post, digital asset analyst Dark Defender highlighted the potential growth map of XRP's next phase. The current point of the asset's cycle, termed the Fourth Phase, saw massive gains, with its price moving past $3. In the next phase, bulls expect a surge to $5.85 spurred by high institutional inflows and general market sentiments. The analyst also noted that the Primary Cycle Waves still aim for $18.22.

Several analysts have shared these sentiments, with pro-XRP lawyer John Deaton projecting a price range between $7 and $8 in the cycle peak after approving spot XRP ETFs. Deaton noted that Wall Street is attracted to the success of spot Bitcoin ETFs, which are setting sights on altcoins. Recently, several firms have filed for XRP ETFs in the United States, highlighting the scale of institutional demand. Ripple's global partnerships with centralized institutions also boost trader confidence.

The wider community has set sights on improved XRP adoption, citing benefits to the wider market. Crypto users noted that the asset is more than hype as it will form a part of the U.S. infrastructure's digital economy. Other users pointed to XRP's transaction speed amid network scalability. Finally, XRP is expected to be among the top gainers after years in the woods following a Securities and Exchange Commission lawsuit.