Crypto analyst Dark Defender has been one of the vital vocal supporters of XRP, and this stance has not modified regardless of the altcoin’s present value motion. If something, the analyst believes that the present downtrend truly performs into the XRP long-term goal, claiming that the cryptocurrency remains inherently bullish. If the analyst is correct, then it signifies that the XRP value might be gearing up for one more main uptrend that would ship it to new peaks.
XRP Price Is Only In Wave 4, Not A Bear Market
In the put up that was shared on X, Dark Defender defined that the XRP cryptocurrency was not in any form of bear market. Instead, the present downtrend is just a results of the altcoin coming into Wave 4 of the Elliot Wave, resulting in the decline.
Related Reading
Given that Wave 4 is a traditionally bearish wave, it will clarify why the XRP price has dropped so quickly. However, the crypto analyst defined that this wave didn’t simply begin, because it has been in play since February 2025. Hence, it will have to play out fully earlier than the following wave can start.
Going by this evaluation, it will imply that the final and closing wave of the speculation is but to play out, which is commonly essentially the most bullish of all of the waves. As a outcome, the analyst urges XRP investors to not panic as the value continues to play out based on plan. In the tip, the goal stays $5.85, based on Dark Defender, beating its earlier all-time excessive of $3.8.
Price Could Be Rounding A Bottom
Another analyst additionally contributes that the XRP price is not in a bear market, and will, the truth is, be placing in a backside. STEPH IS CRYPTO points out that the XRP RSI is definitely displaying a uncommon bullish divergence on the each day chart, one of many few instances that this has occurred through the years.
Related Reading
This is critical as a result of again in 2022, a similar bullish divergence had appeared on the each day chart ,and the outcome was a fast rise as soon as the distribution was executed. As the crypto analyst explains, the truth that this bullish RSI divergence has appeared on the XRP each day chart once more means that the sellers are literally operating out of steam.
While there is no such thing as a set goal for where the XRP price is headed, the prediction suggests {that a} rally might be within the works. “Nothing is guaranteed — but from a technical perspective, this is one of the strongest early reversal signals you can get,” the analyst acknowledged.
Featured picture from Dall.E, chart from TradingView.com
