XRP Price Primed for Wave 5 Rally—Analyst Predicts $6+ Breakout
Crypto traders, brace for impact: A prominent analyst just flagged XRP’s chart signaling a textbook Wave 5 surge—the kind that historically smashes resistance. Targets? Forget pennies—we’re talking a potential vault past $6.
Why the bullish frenzy?
Elliott Wave theorists are circling. After years of sideways agony, XRP’s setup mirrors past parabolic runs. Retail FOMO hasn’t even kicked in yet—typical for early Wave 5 action before the ’everyone’s a genius’ phase.
The fine print:
Sure, the SEC’s lawsuit hangover lingers like bad cologne at a hedge fund gala. But technicals don’t lie (until they do). If Bitcoin holds its ground, altcoins like XRP could ride the liquidity wave straight into ’overbought’ territory.
Bottom line:
Either this plays out as the chart suggests—or yet another ’trust me bro’ crypto call joins the graveyard of vaporized leverage longs. Place your bets.
5 Wave Counts Coming For XRP Price
Crypto analyst Dark Defender took to X (formerly Twitter) to expound upon where the XRP price could be headed next. This comes after a retest of the $2.22 level and the eventual rejection from this level. The result of this is a bearish retest of the support at $2.13, a level that could be the defining moment for the bears. Nevertheless, bullish expectations are still rampant and Dark Defender has revealed how this could play out for the XRP price.
As the altcoin is expected to move through five waves, the first of these waves is naturally expected to be bullish. The crypto analyst says the XRP price correction is now nearing its end and this could mean the start of this first wave. This wave, if it plays out correctly, could push the price to $2.8 in the first instance.
On the next wave, the price is expected to correct sharply, triggering an almost 20% crash and pushing toward $2.3. However, with the third wave being more bullish than the first, another bounce would set XRP on a path above $4. In this instance, the XRP price would’ve reached a brand-new all-time high, with the expectation of beating its 2017 high of $3.8.
Next is the fourth bearish wave and this would push the price back below $4 again, but not for long. Once the fifth and final wave is underway, it is expected to push the price even higher. For this wave, the crypto analyst sees the XRP price rising as high as $6.3 for the final leg-up.
Interestingly, all of this is expected to happen in the short-term, which means sometime in 2025. The shared chart shows a completion of the five waves by December 2025, giving only seven months for all of this to play out and reach above $6.
However, there is still the possibility of invalidation, especially as support for the first wave is expected at $1.88. A break below this level could trigger further downside and lead to the complete breakdown of the XRP price.
