Crypto Expert Predicts A New XRP All-Time High Is | Crypto News
A crypto market professional has just projected that the XRP price might explode to a new all-time high this cycle. Lately, the cryptocurrency has shown important weak spot amid a extended downtrend that started when it broke above $3.5 last yr. Despite crashing more than 60% from that high today, the analyst argues that XRP’s corrective section might have ended, citing three technical indicators that assist his bullish thesis.
Aligned Technical Indicators Confirm XRP Price Bottom
Crypto analyst Dark Defender has launched a new analysis suggesting that XRP might have discovered a backside and is poised to reverse its downtrend toward a new all-time high. He factors to three technical indicators, including a confirmed completion of XRP’s corrective wave C construction, a triangle breakout, and a Relative Strength Index (RSI) bullish cross.
In his analysis, Dark Defender introduced an Elliott Wave chart of XRP on a three-day timeframe, protecting roughly April 2025 through a projected goal period extending into mid-to-late 2026. The chart maps out a accomplished ABC corrective sample, starting with wave A, which marked an initial high for XRP before a sharp sell-off adopted. Wave B then unfolded as a strong recovery rally, pushing XRP’s price up to its $3.6 peak in 2025 before reversing once again and setting the stage for wave C.
According to the chart, wave C represents the ultimate and most important section of the XRP correction. It is shown as a traditional five-subwave impulse decline that has now totally performed out. Within this construction, the fifth sub-wave lately accomplished close to $1.31, marking XRP’s potential backside and the end of the five-wave sequence. As a end result, the completion of wave C is a key turning level, suggesting that XRP’s extended bearish transfer from the wave B peak could also be over, probably giving method to a new bullish impulse.
In addition, the chart reveals that the ABC corrective wave fashioned between two converging trendlines, creating what Dark Defender called a “resistance-support triangle.” Apparently, the XRP price had compressed inside this bearish triangle throughout its corrective section. The higher resistance trendline of this triangle, shown in orange, served as a strong barrier for a long time. However, Dark Defender notes that XRP has now damaged above this resistance line, signaling the end of its compression section and the potential starting of a new uptrend.
Next Move Points To Strong Rally Toward New ATH
While the orange resistance trendline capped price motion before XRP’s latest breakout, the yellow assist line on Dark Defender’s chart served as a strong base, repeatedly stopping the price from breaking decrease. Each profitable protection of this assist helped set up a firmer backside, a transfer that coincided with the RSI forming a bullish crossover at deeply oversold ranges.
Looking forward, Dark Defender outlines 4 potential upside targets for XRP’s next bullish impulse wave. The first goal sits at the 123.6% extension close to $1.66, representing a roughly 27% gain from current ranges above $1.30. The next stage lies at the 161.8% extension around $1.88 before the ultimate resistance at $2.58.
For his all-time high goal, Dark Defender initiatives a transfer toward the 261.08% extension at $5.85. A price rally to this stage might signify a staggering surge of more than 350% from XRP’s current market worth.
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