XRP (XRP-USD) is seeing a jump in interest as top chart experts signal that a major price breakout has finally arrived. According to the popular analyst Dark Defender, the long wait for a new rally is over because “Wave 5 towards the $5.85 level is here.” After months of watching the price move slowly, many investors are getting ready for a big shift as the same analyst predicts that this “Bull Run will be facemelting.” With the token currently trading around $1.38, a move to $5.85 would mark a new all-time high and a massive win for the XRP community.
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Analyst Creates a Five-Phase Map
To explain this huge prediction, Dark Defender uses a method called Elliott Wave theory. This system breaks down market movements into five distinct steps. According to the data, XRP has been following this pattern since its market bottom in 2022. Wave 3 was a massive success, pushing the price to $3.40 early last year. Since then, we have been in “Wave 4,” which is a dull period where the price just moves sideways or down. The analyst now says this quiet time is finished, and the final, explosive Wave 5 has officially started.
The Market Does Face a Huge Supply Squeeze
In addition, this new price move is backed up by a lack of available tokens. Exchange reserves for XRP have hit multi-year lows, meaning there are fewer coins for people to buy. At the same time, interest from big companies is at an all-time high. With 11 XRP ETF applications currently waiting for approval from U.S. regulators, a sudden rush of big money could act like rocket fuel. If demand spikes while supply is this low, the price can move much faster than most people expect.
Fibonacci Levels Reveal Even Bigger Targets
While $5.85 is the first big goal, the math suggests the rally might not stop there. Dark Defender uses Fibonacci numbers, a special way to calculate where a price might go next, to set his ultimate targets. After XRP hits the $5.85 mark, the next major level on his chart is $18.22. To reach that height, the coin would need to rally more than 1,100% from where it sits today. While that sounds like a lot, the analyst points out that these final stages in crypto history have often been the most aggressive parts of the entire market cycle.
At the time of writing, XRP’s price is sitting at $1.3778.
