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Cryptocurrency News Articles

XRP Set for Explosive Breakout, Analyst Predicts $6 Target in Final Wave

Apr 19, 2025 at 06:30 pm

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.

XRP Set for Explosive Breakout, Analyst Predicts $6 Target in Final Wave

Crypto analyst Dark Defender has set his sights on XRP, predicting that a long period of consolidation is coming to an end and the token is poised for an explosive breakout.

Taking to X (formerly Twitter), the analyst noted that the current pattern is the “Final Consolidation,” suggesting that a potential breakout is just around the corner.

Using monthly chart analysis, he 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: The Beginning of the 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.

Disclaimer:info@kdj.com

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Other articles published on Apr 20, 2025