diff --git a/package.json b/package.json
index 2854fdd334..43e86afdde 100644
--- a/package.json
+++ b/package.json
@@ -43,11 +43,11 @@
     "enzyme": "3.11.0",
     "husky": "8.0.3",
     "prop-types": "15.8.1",
-    "react": "17.0.2",
-    "react-dom": "17.0.2",
+    "react": "18.2.0",
+    "react-dom": "18.2.0",
     "react-redux": "7.2.9",
     "react-router-dom": "5.3.4",
-    "react-test-renderer": "17.0.2",
+    "react-test-renderer": "18.2.0",
     "redux": "4.2.1",
     "semantic-release": "21.0.7"
   },
@@ -61,7 +61,7 @@
   "peerDependencies": {
     "@edx/frontend-platform": "^4.0.0",
     "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"
   }
 }