As noted by market expert Dark Defender, the XRP price has completed Wave 4 in its Elliot Wave pattern and is poised to soar over 200% from here.
The XRP price is on the cusp of a significant movement, as the token has completed Wave 4 in its Elliot Wave pattern. As the altcoin continues to advance in line with predictions, market experts like Dark Defender set sights on a new target of $5.85 in Wave 5, an over 207% rise from the current price.
Bear Market Hasn’t Yet Started
In a recent X post, crypto analyst Dark Defender shared his bullish perspectives on the XRP token. The analyst utilized Elliott Wave theory, asserting that XRP will achieve a new peak in this cycle.
Notably, Dark Defender has been tracking the Wave 4 since February 13, 2025. Based on his analysis, the token completed Wave A at $1.60 in April and Wave B at $3.66 in July. The analyst marked $1.88 as the completion point of Wave C of the Monthly Wave 4, which is now technically confirmed as done.
Dark Defender noted that he stayed calm during XRP’s price movements, identifying a key support zone between $2.2222 and $1.8815. While XRP dropped to this level, it managed to bounce back, completing Wave C of Wave 4 at $1.88.
Ignore FUD
In his previous analysis in February, Dark Defender urged investors and traders to ignore FUD (Fear, Uncertainty, Doubt) and instead focus on the potential developments. He presented a technical analysis chart for the XRP/USD pair, outlining its long-term projection based on historical market cycles and technical indicators.
Using the Elliot Wave theory and Fibonacci levels, the expert identified the key support around $1.88, which has been tested and held firm during market corrections. According to his analysis, Waves 1 to 3 show a clear impulsive structure.
Building on this momentum, Wave 4 has also unfolded as a healthy corrective phase, retracing toward the $1.90–$2.00 zone in line with the 70.2% Fibonacci level. During this phase, the XRP price managed to stay above critical structural support and preserve the broader bullish trend.
Currently, XRP is experiencing high volatility. At the time of writing, the crypto token trades for $1.88, down 5.6% in a day. This negative momentum is further bolstered by its weekly and monthly declines, having dropped 8% in a week and 16% in a month.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
