While many traders were panicked by XRP’s recent volatility, Dark Defender remained steadfast. Utilizing the Elliott Wave Theory, the analyst had previously identified a key support zone between $2.22 and $1.88.
According to the analysis:
Wave 4 Completion: The recent dip to $1.88 marked the bottom of "Wave C" within a larger Monthly Wave 4 pattern.
Historical Accuracy: The analyst has been tracking this cycle since early 2025, correctly identifying Wave A at $1.60 (April) and Wave B at $3.66 (July).
Market Sentiment: By hitting $1.88 and bouncing back, the technical "correction" phase is now considered complete, paving the way for a massive impulsive move.
The Next Target: $5.85 and Beyond
With Wave 4 officially in the rearview mirror, the analyst is now focused on Wave 5—the final leg of the current impulsive cycle.
"The XRP price is on the cusp of a significant movement," the analyst noted, setting a new target of $5.85.
If XRP reaches this level, it would represent a rally of over 207% from its current lows. The analyst urges investors to "ignore the FUD" (Fear, Uncertainty, and Doubt) and focus on the macro structure, which suggests that the broader bear market has not yet begun for XRP.
Market Factors Supporting the Rally
Several fundamental and technical catalysts are currently aligning to support this bullish outlook:
Institutional Inflows: U.S. Spot XRP ETFs have seen record-breaking net inflows for 30 consecutive days, even while Bitcoin and Ethereum funds experienced outflows.
Technical Support: XRP is currently defending the psychological $2.00 level. If it sustains this position, the path toward $2.40 becomes the first major hurdle on the road to $5.85.
Regulatory Clarity: With Ripple’s legal battles largely settled and new banking charters being granted, the utility of XRP in global finance is expanding.
