diff --git a/package.json b/package.json
index effe384ea..dd2640a26 100644
--- a/package.json
+++ b/package.json
@@ -47,11 +47,11 @@
     "jest": "29.3.1",
     "jest-chain": "1.1.6",
     "prop-types": "15.8.1",
-    "react": "16.14.0",
-    "react-dom": "16.14.0",
+    "react": "18.2.0",
+    "react-dom": "18.2.0",
     "react-redux": "7.2.9",
     "react-router-dom": "5.3.4",
-    "react-test-renderer": "16.14.0",
+    "react-test-renderer": "18.2.0",
     "reactifex": "1.1.1",
     "redux": "4.2.0",
     "redux-saga": "1.2.2"
@@ -72,7 +72,7 @@
   "peerDependencies": {
     "@edx/frontend-platform": "^2.0.0 || ^3.0.0",
     "prop-types": "^15.5.10",
-    "react": "^16.9.0 || ^17.0.0",
-    "react-dom": "^16.9.0 || ^17.0.0"
+    "react": "^16.9.0 || ^17.0.0 || ^18.0.0",
+    "react-dom": "^16.9.0 || ^17.0.0 || ^18.0.0"
   }
 }