A XRP price forecast regained prominence after analyst Dark Defender stated that the cryptocurrency has already started the awaited Wave 5 of the Elliott Wave Theory. In his assessment, this move began even without the approval of the CLARITY Act in the United States, indicating that the asset’s technical structure remains the main factor behind expectations for price appreciation.
According to the analyst, the correction seen on the weekly chart has come to an end, making room for a new upward move. In a recent update, Dark Defender said: "The XRP is starting Wave 5 without the CLARITY Act. The correction also happens on a weekly basis. A two-digit rally is expected soon."
The analysis suggests that the market may be anticipating a new XRP appreciation cycle even before regulatory advances considered important by investors. While many market participants view the CLARITY Act as a possible catalyst for the sector, the specialist believes that the price behavior already shows enough strength to support a new stage of growth.
In the Elliott Wave Theory, Wave 5 traditionally represents the final upward move within a complete cycle. Historically, this phase tends to record significant gains when the asset confirms a breakout of the main resistances.
Based on this technical read, Dark Defender believes that XRP could reach two-digit prices during the current cycle. Among the targets presented, the region of US$ 10 appears as a relevant milestone, without necessarily being the maximum limit of the appreciation.
With XRP trading near US$ 1,13, an eventual rise to US$ 10 would represent an appreciation of nearly 800%. For that to happen, however, the asset would need to maintain a consistent buying flow and find a favorable environment in financial markets.
Another point tracked by analysts is the consolidation of XRP within a symmetrical triangle. This chart pattern often precedes more intense price moves when one of the formation’s edges breaks.
While the trading range keeps getting narrower, the region of US$ 2 emerges as the first relevant target if buyers regain control of the market. A breakout of this level may serve as confirmation for the continuation of the uptrend observed by technical analysts.
Beyond the chart structure, factors such as global liquidity, investor sentiment, and possible regulatory progress continue to be elements that can influence XRP’s behavior over the coming months. Even so, the view presented by Dark Defender keeps the focus on technical analysis, indicating that the cryptocurrency may be entering one of the most important phases of the current market cycle.