Crypto Expert Predicts A New XRP All-Time High Is | XRP News

A crypto market knowledgeable has simply projected that the XRP price may explode to a new all-time high this cycle. Lately, the cryptocurrency has proven important weak point amid a extended downtrend that started when it broke above $3.5 final 12 months. Despite crashing more than 60% from that high in the present day, the analyst argues that XRP’s corrective section could have ended, citing three technical indicators that help his bullish thesis. 

Aligned Technical Indicators Confirm XRP Price Bottom

Crypto analyst Dark Defender has launched a new evaluation suggesting that XRP could have discovered a backside and is poised to reverse its downtrend towards a new all-time high. He factors to 3 technical indicators, together with a confirmed completion of XRP’s corrective wave C construction, a triangle breakout, and a Relative Strength Index (RSI) bullish cross. 

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In his evaluation, Dark Defender offered an Elliott Wave chart of XRP on a three-day timeframe, protecting roughly April 2025 via 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 earlier than a sharp sell-off adopted. Wave B then unfolded as a robust restoration rally, pushing XRP’s price up to its $3.6 peak in 2025 earlier than reversing as soon as 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 proven as a basic five-subwave impulse decline that has now absolutely performed out. Within this construction, the fifth sub-wave just lately accomplished close to $1.31, marking XRP’s potential backside and the tip 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 option to a new bullish impulse. 

In addition, the chart reveals that the ABC corrective wave fashioned between two converging trendlines, creating what Dark Defender referred to as a “resistance-support triangle.” Apparently, the XRP price had compressed inside this bearish triangle all through its corrective section. The higher resistance trendline of this triangle, proven in orange, served as a robust barrier for a long time. However, Dark Defender notes that XRP has now damaged above this resistance line, signaling the tip 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 earlier than XRP’s latest breakout, the yellow help line on Dark Defender’s chart served as a robust base, repeatedly stopping the price from breaking decrease. Each profitable protection of this help helped set up a firmer backside, a transfer that coincided with the RSI forming a bullish crossover at deeply oversold ranges.

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Looking forward, Dark Defender outlines 4 potential upside targets for XRP’s subsequent bullish impulse wave. The first goal sits on the 123.6% extension close to $1.66, representing a roughly 27% gain from present ranges above $1.30. The subsequent degree lies on the 161.8% extension round $1.88 earlier than the ultimate resistance at $2.58. 

For his all-time high goal, Dark Defender initiatives a transfer towards the 261.08% extension at $5.85. A price rally to this degree may characterize a staggering surge of more than 350% from XRP’s current market worth.

Featured image from Adobe Stock, chart from Tradingview.com