Cryptanalyst Dark Defender has published a roadmap for XRP , predicting the token's path from current price levels to an ambitious target of $5,85, and confirmed this with technical indicators.
According to his analysis, the current movement XRP corresponds to the classic Elliott five-wave pattern, which often indicates strong uptrends.
Price analysis XRP . Source: DarkDefender/X
In the Wave (1) XRP formed an initial bullish impulse with a significant upward move, followed by Wave (2), or the corrective phase of consolidation, which formed a triangle pattern.
This consolidation phase has been ongoing since mid-2023, indicating an accumulation zone ahead of a potential breakout.
The next phase, Wave (3), is usually the longest and most powerful in the Elliott Wave sequence, during which it is predicted that XRP will break out of the consolidation model.
If successful, Wave (3) will target $1,88, the 161,80% Fibonacci extension level. This level acts as a key resistance, coinciding with the upper boundary of the Ichimoku Cloud at $0,6649.
A break above the cloud is a strong bullish indicator, indicating a possible trend reversal and a shift in momentum to the upside. This break will confirm a shift from consolidation to a stronger uptrend.
Having reached the $1,88 level, wave (4) may trigger a corrective pullback, which will allow XRP establish support before continuing the upward movement.
The final phase, wave (5), is expected to result in XRP to the 261,80% Fibonacci extension level at $5,85, which would mark the completion of a five-wave cycle. This target, if achieved, would signal a full bullish progression and a potential new high for XRP .
Weekly Relative Strength Index (RSI) XRP partly confirms this forecast and shows signs of a “golden cross”, which indicates growing bullish momentum and strengthens the case for a sustainable breakout through resistance.
Despite the overall bullish technical structure, XRP needs to recover and hold above the critical support line at $0,6. This achievement will strengthen the token's upward trajectory.
