Optimism is surging once again for XRP, as expectations of a significant rally have started to regain traction in the crypto market. Crypto analyst Dark Defender claims that XRP has entered the long-awaited fifth wave in its Elliott Wave cycle, emphasizing that this rally is driven more by technical analysis than by regulatory developments.
A focus on technical factors
According to Dark Defender, XRP has completed its weekly correction, paving the way for a new upward trend. The analyst notes that this process began independently of the passage of the CLARITY Act in the United States—a proposed bill aiming to clarify the regulatory landscape for digital assets.
XRP is kickstarting its fifth wave without waiting for the CLARITY Act. The weekly correction has wrapped up. Double-digit prices could be next.
This assessment suggests that hopes for a bullish breakout in XRP are being shaped more by price action and technical signals than by pending regulatory outcomes. While some investors still see regulatory clarity as a powerful catalyst, Dark Defender believes a portion of the anticipated price movement has already been priced in by the market.
Anticipating the fifth Elliott Wave
Within the Elliott Wave theory, the fifth wave is typically the final surge in a cycle and can sometimes be the most explosive stage. In this context, Dark Defender is raising the possibility of XRP reaching double-digit prices, noting that the $10 region should be seen as a major threshold rather than the ultimate peak.
According to CoinCodex data, at the time this report was prepared, XRP was trading at $1.12. If XRP were to rally to $10 from its current price, it would represent a staggering 800 percent increase.
| Indicator | Level |
|---|---|
| Current price | $1.12 |
| First major upside target | $2 |
| Key psychological threshold | $10 |
| Potential move from $1.12 to $10 | Approx. 800% |
Chart patterns and market conditions
XRP continues to consolidate within a symmetrical triangle formation. In technical analysis, this setup often signals that a substantial price move is on the horizon. As the trading range narrows, the $2 mark emerges as the next significant target if buyers regain momentum.
The analyst notes that XRP’s long-term technical structure remains robust and sees potential for further gains, independent of regulatory headlines.
Nevertheless, achieving the bold $10 target will require not only sustained buying appetite but also supportive overall market sentiment, favorable liquidity conditions, and the absence of negative regulatory surprises. Given these factors, technical indicators may be positive, but the trajectory for XRP will ultimately depend on wider market dynamics.
Dark Defender’s recent evaluation has become one of the notable commentaries fueling the renewed bullish narrative around XRP. If his Elliott Wave count proves accurate, XRP could be entering the most dynamic growth phase of its current market cycle.
