Ripple (XRP) Price Could Fall to $0.18 According to Analyst Prediction – Here’s His Outlook

The price of XRP, the native cryptocurrency of the XRP Ledger, could be headed for a significant drop according to a recent analyst prediction. TopgOptions, an analyst on TradingView, has set a price target of $0.18 for XRP in light of recent legal issues facing crypto exchange Binance and shifts in Bitcoin whale behavior.

Binance is currently embroiled in a lawsuit filed by the SEC accusing the exchange of illegally listing unregistered securities. This legal battle has created uncertainty in the broader cryptocurrency market. In addition, data shows that Bitcoin whale holdings have declined to 55.5%, their lowest level since May 2022. The decreasing concentration of whales, defined as entities holding between 100 and 100,000 BTC, could lead to increased volatility.

In the wake of these developments, TopgOptions believes the XRP price outlook is bearish. After reaching a recent high of $0.5134, XRP remains below resistance at $0.5450. TopgOptions sees the coin falling to $0.18 amid the unstable regulatory environment and potential whale behavior changes.

The XRP price showed signs of recovery on Friday after bullish momentum halted a three-day rally the previous day. XRP rose from a low of $0.5025 on Thursday to reach $0.5134, coming closer to the key resistance level of $0.5450. The rebound coincided with the relative strength index (RSI) surpassing 47.00. The RSI currently sits at 48.72, with the next target near 54.00. If the 54.00 level is reached, analysts say it’s highly likely XRP will break above $0.5400 in the near-term.

Despite the recent upside, XRP remains firmly rangebound since July surge when the price was above $0.80.

The SEC case against Binance speaks to broader oversight issues in the cryptocurrency space. Without clear legislative guidance, exchanges may continue listing coins that run afoul of securities laws. Meanwhile, the decline in whales’ share of Bitcoin supply could reshape market dynamics and amplify volatility. Both factors create significant downside risks for major cryptocurrencies like XRP.

While the $0.18 target price represents a major pullback from current levels, TopgOptions contends it is plausible given the confluence of regulatory uncertainty and shifting Bitcoin whale behavior. However, the prediction remains speculative and the XRP price may see significant fluctuations in the coming weeks and months.

We recommend eToro

74% of retail CFD accounts lose money.
Active user community and social features like news feeds, chats for specific coins available for trading.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy thetrades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of


Sarah Wurfel
Sarah Wurfel

Sarah Wurfel works as a social media editor for CaptainAltcoin and specializes in the production of videos and video reports. She studied media and communication informatics. Sarah has been a big fan of the revolutionary potential of crypto currencies for years and accordingly also concentrated on the areas of IT security and cryptography in her studies.