XRP has been struggling to break free from consolidation, and while the price action remains subdued, there may still be major upside on the horizon. According to technical analysts, XRP has successfully navigated multiple support zones, but the beginning of a decisive five-wave Elliott pattern is what many bulls are now watching for. This anticipated wave formation could mark the beginning of a powerful uptrend for the embattled altcoin, especially as anticipation grows for an altcoin season in the broader crypto market.
Analyst: XRP Could Hit $6.3 If Elliott Wave Plays Out
Crypto strategist Dark Defender recently posted a detailed breakdown on X (formerly Twitter), outlining a possible five-wave price surge for XRP that could push it to new all-time highs. His analysis follows XRP’s recent rejection at $2.22, which has now led to a bearish retest of support at $2.13, a level he identifies as critical for the next phase of price movement.
Despite the pullback, Dark Defender maintains a bullish outlook, suggesting the correction phase may be ending. If so, the first wave in this projected five-wave move could soon begin, potentially pushing XRP up to $2.80.
Price Action: Expected Waves and Targets
According to the analysis, after the initial bullish breakout to $2.8, XRP could undergo a sharp correction, retracing to around $2.3 in the second wave. This would be followed by the third wave, traditionally the strongest in Elliott Wave theory, which could launch the XRP price past $4, marking a new all-time high above its 2017 peak of $3.80.
The fourth wave would likely be a temporary retracement, taking XRP just below the $4 level again. However, the fifth and final wave is projected to push the price as high as $6.3, which would represent a dramatic upside from current levels.
Timeline: 5 Waves to Complete by December 2025
What’s particularly striking is the short timeframe predicted for this five-wave pattern to play out. Dark Defender’s chart suggests that all five waves could be completed by December 2025, giving XRP just over seven months to potentially reach the $6 mark.
Downside Risk: Key Support at $1.88 Must Hold
While this XRP price prediction paints a highly optimistic scenario, it comes with caveats. The analyst warns that $1.88 is a crucial support level for the first wave. If XRP breaks below this threshold, the bullish setup may be invalidated entirely, opening the door to further downside and potentially signaling a breakdown rather than a breakout.
Currently, XRP’s market momentum is neutral, and with consolidation continuing, traders and investors are closely watching for confirmation of this wave formation before entering positions.
