Crypto analyst Dark Defender raised the possibility of the XRP price rising to $18 and mentioned what needs to happen for the crypto token to rise to such a height. Although ambitious, this price prediction will undoubtedly provide much-needed hope to XRP holders waiting on that parabolic surge from the crypto token.
However, other crypto experts have advised these XRP holders to consider investing in a more primed crypto token like ETFSwap (ETFS) instead of waiting for XRP to make that run, which may never come.
What Will Make The XRP Price Rise To $18?
Dark Defender mentioned in a blog post that $18 remains a price target for XRP as long as the two major support levels, $0.4623 and $0.3917, are maintained. He added that any side moves between $0.3917 and $0.6649 are normal and do not invalidate this price prediction.
The analyst’s prediction is based on an Elliot Wave Structure he drew up on XRP’s monthly chart. Dark Defender also provided insights into XRP’s current price action, noting that the crypto token is “still between the blue support and red resistance triangle.” He claimed this could create “huge pressure on XRP for a huge break at the end.”
Based on his analysis, Dark Defender admitted that there is a chance that the XRP price could break lower, meaning that it could drop to as low as $0.38. Such a move would instantly invalidate the crypto analyst’s price prediction of $18 for XRP. With the current market downtrend, XRP, currently trading at around $0.49, could easily drop that price level at some point.
It is also worth noting that external factors like the Securities and Exchange Commission’s (SEC) lawsuit against Ripple could impede the XRP price rise to $18, just like it is believed to have done in the past, especially in the 2021 bull run when the crypto token failed to make any significant moves to the upside.
Bearing this in mind, it has become increasingly clear why crypto experts say that XRP holders are better off investing in a more stable crypto token like ETFSwap (ETFS). Some of these holders have already taken the leap of faith and have gone all in to purchase as many ETFSwap (ETFS) tokens as possible in stage 1 of its ongoing presale.
Crypto Experts Are Almost Certain That ETFSwap (ETFS) Will Rise To $5
Unlike XRP’s price surge, which hangs in the balance, crypto experts have stated that they are ‘99.9%’ confident that ETFSwap (ETFS) can rise to $5 in this bull run. A rise to $5 represents a 58,000% price gain from its current price of $0.01831, which is way higher than the 3,600% price gain XRP could make if it eventually rises to $18.
Meanwhile, ETFSwap (ETFS) has so far lived up to the hype around it as its value has skyrocketed since its launch. Notably, the crypto token has maintained a bullish momentum despite the market-wide downtrend. More recently, ETFSwap (ETFS) saw its value climb even as Bitcoin dropped below the crucial $60,000 support level.
One reason ETFSwap (ETFS) has gained so much attention is its utility. It is the native token of ETFSwap (ETFS), a decentralized finance (DeFi) platform that will enable exchange-traded funds (ETFs) and make them available for on-chain trading.
Users who want to invest in a variety of tokenized ETFs on the platform will need to hold a certain amount of ETFSwap (ETFS). Given how big the DeFi platform is expected to become, the crypto token is expected to enjoy mass adoption. It is worth noting that the DeFi platform already has the go-ahead to tokenize these funds, so users can be assured that there won’t be any need for regulatory clarity later.
ETFSwap’s (ETFS) ecosystem is bullish and is devoid of FUD. That is why crypto investors have been so confident about investing in stage 1 of the ongoing token presale, with over 40 million tokens sold out already.
With Stage 1 of the ongoing presale expected to end earlier than the scheduled date, now looks like the perfect time to purchase ETFSwap (ETFS) at a giveaway price of $0.00854 before it increases to $0.01831.
For more information about the ETFS Presale:
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