Peter Smith
⬤ XRP is back under the spotlight after analyst Dark Defender outlined a compelling Elliott Wave case for the Ripple-linked asset. The setup suggests XRP may be wrapping up its current correction phase and could soon enter a powerful fifth wave, with a price target near $18 if the structure plays out as projected.
⬤ The multi-year wave count traces back to XRP's bottom around $0.28 in 2022. From there, the asset built a classic bullish impulse structure. Wave 3 delivered the sharpest upward move, pushing XRP close to $3.4 by January 2025 - the kind of explosive third-wave expansion that Elliott Wave theory predicts as the most powerful leg in any cycle.
The correction may be nearing completion - which could open the path for a new impulsive move higher.
⬤ Since the $3.4 peak, XRP has been grinding through Wave 4 - a corrective phase marked by consolidation and a downward channel. According to XRP Price Forecast: Wave 5 Projection Sets Eyes on $18 Target, technical models now suggest this correction is running out of steam, potentially clearing the runway for the next impulsive leg up.
⬤ Broader chart analysis paints an even bolder picture. Some projections covered in XRP Price Forecast: $27 and $100 Targets in Play as Bullish Wave Structure Holds see momentum extending well beyond $18 if macro conditions align. Shorter-term outlooks, including XRP Price Prediction: Ripple Poised for Breakout With $6-$10 Targets, point to nearer breakout zones as early technical triggers.
⬤ If Wave 4 is indeed bottoming, a transition into Wave 5 would mark the final expansion phase of this broader cycle. That shift could represent the most significant momentum event for XRP since the 2025 peak - and analysts are watching closely for confirmation signals that the correction has run its course.
Peter Smith
