Analyst Who Called XRP Drop to $1.88 Sets Next Major Target
$XRP may be setting up for its next major move. According to market analyst Dark Defender, XRP has now completed Wave 4 of its Elliott Wave structure and is positioned for a powerful upside expansion.
Based on his analysis, the next phase, Wave 5, could send XRP as high as $5.85, representing a potential gain of more than 200 percent from current levels.
Wave 4 Officially Complete
Dark Defender has been tracking $XRP ’s corrective Wave 4 since February 13, 2025. His roadmap outlined three key components:
Wave A: Bottomed near $1.60 in April
Wave B: Reached $3.66 in July
Wave C: Completed at $1.88, confirming the end of Monthly Wave 4
Throughout this period, he highlighted a critical support zone between $2.22 and $1.88. XRP revisited this range, absorbed selling pressure, and rebounded, validating the structure and completing Wave C.
“The Bear Market Has Not Started”
During the correction, Dark Defender emphasized staying calm and ignoring short-term fear. He argued that XRP’s pullback was a healthy retracement rather than the start of a broader bearish phase.
Using Elliott Wave theory combined with Fibonacci retracement levels, he identified $1.88 as a major structural support aligned with the 70.2 percent Fibonacci level. Importantly, XRP held above long-term trend support throughout the decline.
Waves 1 through 3 remain clearly impulsive, and Wave 4 unfolded in a textbook corrective pattern. This keeps the larger bullish structure intact and sets the stage for Wave 5 expansion.
Volatility Remains High
Despite the bullish long-term outlook, $XRP remains volatile. At the time of writing, the token trades around $1.88, down roughly 5.6 percent on the day, 8 percent on the week, and 16 percent over the past month.