Hereโs the **latest verified update on the analyst who correctly predicted XRPโs plunge to about $1.88 and what his next price target is:
๐ Whoโs the Analyst?
The market expert is a pseudonymous analyst called Dark Defender.
He gained attention for correctly anticipating XRPโs corrective move down toward ~$1.88.
๐ His New Price Target
Dark Defender now believes the correction phase (Wave 4) has completed. He says XRP is poised to enter Wave 5 of its Elliott Wave cycle.
Based on this technical structure, his next key target is:
โจ โ $5.85 โ which would imply a rally of roughly 200% from current levels if the pattern plays out as expected.
๐ Why This Target?
The prediction is grounded in Elliott Wave and Fibonacci analysis, which Dark Defender uses to interpret market cycles.
In his wave count:
Wave A bottomed near ~$1.60,
Wave B topped around ~$3.66,
Wave C reached ~$1.88, concluding the large corrective phase.
๐ง Market Context
Analysts differ widely on where XRP might head next โ from modest rebounds to double-digit price scenarios by next year.
Institutional demand (like XRP ETFs) and inflows are often cited as bullish drivers by other analysts.
โ ๏ธ Important Reminder
Cryptocurrency forecasts โ especially those based on technical patterns like Elliott Waves โ are highly speculative and not guaranteed. Always consider multiple sources and do your own research before making any trading decisions.
