Incomplete Wave 5 Indicates Continued Potential for Growth

Bullish sentiment seems to be returning to the market as XRP prices prepare for a surge towards $6. A cryptocurrency analyst attributes this potential rise to the Elliott Wave Theory, suggesting that the final phase, known as Wave 5, is set to initiate an explosive growth phase.

Wave 5 Indicates Potential Surge for XRP

In a recent analysis, a crypto expert known as Dark Defender predicts a significant rally for XRP, hinting that this prominent cryptocurrency could soon reach $6. The analysis indicates that XRP has been following a discernible wave pattern since February 2025, with recent market movements signaling the near completion of the monthly Wave 5 bullish formation.

Further Insights

The provided chart illustrates that XRP has adhered to what Dark Defender labels the “green path,” aligning with the anticipated course of Monthly Wave 4. This wave recently wrapped up after evolving into five smaller sub-waves, showcasing a consistent and methodical technical progression.

The fourth sub-wave hit approximately $2.36, recognized earlier as a significant benchmark. As expected, the price of XRP rebounded from this mark before retreating to $2.07, completing the final section of sub-wave 5 of the monthly Wave 4.

XRP’s current bullish formation suggests that the monthly Wave 5 is just starting, with the dip to $2.07 likely representing the minimum point of the corrective phase. Dark Defender notes that while Wave 5 has commenced, the larger upward movement still requires full validation, implying substantial potential for XRP to ascend further.

Predictions suggest that the possible target for this Wave 5 may reach $6.85, indicating a significant bullish breakthrough if market dynamics align with the anticipated wave pattern.

Expert Predicts Upcoming Bullish Trend

XRP is nearing a critical technical breakout, as crypto analyst CW points out the rise of a classic bull flag pattern. Following months of sideways movement, the analyst believes a powerful leg of price action for XRP may be imminent.

Further Insights

The daily analysis reveals a distinct bull flag configuration, formed after XRP’s substantial rally in 2024 when its price surged from $0.5 to more than $2. This dynamic shift created the flagpole, succeeded by a prolonged period of consolidation that shaped the descending flag formation.

Currently, XRP is testing the upper limit of this bull flag, trading slightly above $2.36 at the time of this evaluation. A decisive breakout and a close above the resistance line could incite a new wave of bullish activity. CW asserts that this breakout would signify the onset of a genuine bull market for XRP.

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