Crypto analyst Dark Defender has issued a bold call on XRP’s price trajectory, suggesting that the long-standing period of consolidation is nearing its end.
Posting on X (formerly Twitter), the analyst dubbed the current pattern the “Final Consolidation,” indicating a potential breakout is just around the corner.
Using monthly chart analysis, Dark Defender shared a 5-Wave Elliott Wave projection that outlines a highly bullish roadmap for XRP, including targets that would take the token well beyond its 2017 all-time high.
Wave 1 to Kick Off Uptrend Toward $3
The first move in the forecast, Wave 1, is expected to be impulsive, launching XRP up to the $3 mark. This would mark a major recovery from recent price stagnation and set the tone for a larger rally.
Following this rally, Wave 2 is projected to retrace the gains slightly, bringing XRP back down to around $2.20—a healthy correction that builds the foundation for the next leg up.
Wave 3 Could Deliver New All-Time High
According to the analysis, Wave 3 will be the powerhouse of the cycle, pushing XRP to a new all-time high near $5, breaking past its historic $3.80 peak from 2017.
Once Wave 3 completes, Wave 4 is expected to bring another correction—possibly around 30%, taking XRP back to the $3 zone. But like Wave 2, this dip is predicted to be temporary and essential for the final move.
Wave 5: The Launch Toward $6
The fifth and final wave in the pattern is the most bullish of all. Dark Defender suggests it could result in a 100%+ surge from Wave 4 lows, lifting XRP to over $6. Key target levels highlighted during this full wave cycle include $3.75 and $5.85, signaling massive upside potential for the altcoin.
With the chart’s structure forming and momentum slowly returning to the market, XRP holders may be on the brink of a major trend reversal—if this 5-wave roadmap plays out as expected.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/xrp-set-for-explosive-breakout-analyst-predicts-6-target-in-final-wave/