XRP Could Hit $5.85 After 60% Crash, Analyst Projects
Dark Defender outlined four upside targets based on Fibonacci extensions, with the final projection targeting $5.85 at the 261.08% extension—representing a more than 350% gain from current levels.
Key Takeaway
XRP could gain 350% if it clears four resistance levels and breaks past its 2025 peak.
Crypto analyst Dark Defender released an Elliott Wave chart suggesting XRP found a bottom near $1.31 and is poised to reverse its downtrend. The analysis comes after XRP crashed more than 60% from its peak above $3.5 in 2025.
Dark Defender identified three technical signals supporting the reversal: completion of wave C, a triangle breakout, and a bullish RSI cross. The ABC corrective wave structure formed what the analyst described as "a resistance-support triangle" with a bearish triangle pattern. The fifth sub-wave completed near $1.31, marking a potential bottom for the next leg up.
The analyst outlined four upside targets based on Fibonacci extensions. First target sits at the 123.6% extension of $1.66, roughly a 27% gain from current levels. Second resistance appears at the 161.8% extension of $1.88, followed by a third level at $2.58. The final projection targets $5.85 at the 261.08% extension, representing a more than 350% gain from present market value.
The chart analysis spans from April 2025 through mid-to-late 2026, suggesting the path to higher targets could take over a year to materialize. XRP's 2025 wave B peak of $3.6 would need to be cleared before the all-time high projection of $5.85 comes into play by late 2026.
This article was written based on reporting from NewsBTC.
