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Ripple (XRP) Price Target of $18 Emerges... Claims of 4x Bitcoin Trading Volume in South Korea

Analyst Gavi diagnosed Ripple (XRP) as one of the most prominent assets in Asia. Ripple is currently holding at $1.08, the same level as the previous day. Gavi

Wooil Shim
Staff Reporter
3 min read
Ripple (XRP) Price Target of $18 Emerges... Claims of 4x Bitcoin Trading Volume in South Korea
CBC News

Analyst Gavi diagnosed Ripple (XRP) as one of the most prominent assets in Asia. Ripple is currently holding at $1.08, the same level as the previous day.

Gavi claimed that the trading volume of Ripple on major South Korean exchanges reached nearly four times that of Bitcoin. This can be seen as evidence showing that market attention is still focused on Ripple. While active trading does not immediately guarantee a price breakout, the analysis is that the very fact that attention is concentrated here is significant. If the claim of four times the trading volume is true, it needs to be interpreted as an important indicator to gauge market enthusiasm. In conclusion, Gavi's argument is that Ripple is an asset that must be closely watched over the coming weeks.

Meanwhile, Crypto Melania presented an even more aggressive outlook. Based on the Elliott Wave Theory, it claimed a Ripple price target of $18, suggesting that a new bullish phase could open up. Considering the current level in the $1 range, this could be dismissed as mere speculation, but as a long-term forecast, there is no need to completely rule out the possibility.

However, many obstacles are still expected before reaching $18. Taking into account the current market sentiment, the prevailing assessment is that it is not a realistic number.

[This article was written for informational purposes and does not constitute investment advice or buy/sell recommendations for any specific asset. It may exhibit high volatility due to changes in supply and demand. The final judgment and responsibility regarding investments lie with the investor.]

Wooil Shim
Staff Reporter

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