The cryptocurrency market has recently seen a slowdown in momentum across most major assets. However, XRP is bucking the trend with strong upward movement across multiple timeframes—especially in the past 24 hours. This renewed momentum has caught the attention of crypto analysts, one of whom believes XRP could surge to an impressive $5.85 in the coming months.
Crypto expert Dark Defender recently shared a technical analysis on X (formerly Twitter), suggesting that XRP may be entering a powerful bullish phase driven by long-term chart patterns and key resistance breaks. With growing speculation around the ongoing Ripple vs. SEC case, investor sentiment is shifting positively—fueling optimism about XRP’s price trajectory.
👉 Discover how market sentiment and technical patterns could drive XRP's next big move.
XRP Price Prediction: A Deep Dive into Elliott Wave Theory
One of the most compelling arguments for XRP’s potential breakout comes from Elliott Wave analysis, a widely respected technical framework used to predict market cycles based on investor psychology and price patterns.
Dark Defender points to an unfolding Elliott Wave structure on XRP’s monthly chart, where the current phase appears to be part of a larger impulsive wave sequence. He notes that Wave 3—typically the strongest leg in an Elliott Wave cycle—could extend toward $1.88, though he has conservatively set it lower for now.
More significantly, he highlights that Wave 5, the final and often explosive phase of the pattern, could push XRP all the way to $5.8577. This target aligns with a key Fibonacci extension level, reinforcing its technical credibility.
“XRP is breaking the Monthly Resistance now!” – Dark Defender
This breakout above long-standing resistance suggests a structural shift in XRP’s price behavior. Historically, such monthly-level breakthroughs have preceded major bull runs in other cryptocurrencies. If the pattern holds, XRP could reach $1.88 by the end of 2025**, with the $5.85 target potentially being hit in the first half of 2026**.
The analyst previously observed on a 4-hour chart that XRP remained “still on track based on our structure,” with initial targets at $0.87 and $1.03—levels that now appear within reach as momentum builds.
Current XRP Price Analysis: Momentum Is Building
As of July 24, XRP is trading at $0.62879, reflecting:
- A +5.39% gain in the last 24 hours
- A modest +0.46% increase over the past week
- A robust +30.59% rise on the monthly chart
These figures indicate growing accumulation and sustained buying pressure, even amid broader market consolidation. The 30-day performance chart shows a steady climb, with increasing volume supporting higher price levels—a bullish signal for traders monitoring trend strength.
The recent volatility was partly triggered by rumors of a potential settlement between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). While those reports were later contradicted, they underscore how regulatory developments continue to influence XRP’s market dynamics.
Any resolution in the Ripple vs. SEC case—one of the most-watched legal battles in crypto—could serve as a major catalyst for further upside. Positive news could unlock institutional interest and trigger a wave of new investments into the asset.
👉 See how regulatory clarity might unlock the next phase of growth for major cryptocurrencies.
Key Factors That Could Drive XRP to $5.85
While technical analysis provides a roadmap, several fundamental and market-driven factors will determine whether XRP reaches $5.85:
1. Resolution of the SEC Lawsuit
The outcome of the Ripple vs. SEC case remains the single biggest wildcard. A favorable ruling or settlement could classify XRP as non-security, opening doors for wider adoption, exchange relistings, and ETF speculation.
2. Institutional Adoption
Ripple’s payment solutions are already used by over 100 financial institutions globally. Expansion into emerging markets and central bank digital currency (CBDC) projects could boost demand for XRP as a liquidity tool.
3. Market Cycle Position
We may be entering a new bull phase in the broader crypto market cycle. Historically, altcoins like XRP experience exponential gains during these periods, especially after Bitcoin establishes a clear uptrend.
4. Technical Breakout Confirmation
Sustained trading above $0.70 and then $1.00 would confirm bullish momentum and attract algorithmic and swing traders alike, accelerating price discovery.
Frequently Asked Questions (FAQ)
What is driving XRP’s recent price increase?
Recent gains are fueled by technical momentum, speculative interest around the SEC lawsuit, and broader market recovery. The breakout above monthly resistance has reinforced bullish sentiment among traders.
Is $5.85 a realistic price target for XRP?
While ambitious, $5.85 is supported by Elliott Wave theory and Fibonacci extensions. However, reaching this level depends on sustained bullish momentum, positive regulatory news, and favorable market conditions through 2026.
When could XRP hit $1.88?
According to _Dark Defender_, XRP could reach $1.88 by the end of 2025 if it maintains its current trajectory and confirms higher lows on weekly and monthly charts.
How does Elliott Wave theory apply to XRP?
Elliott Wave analysis identifies repeating crowd psychology patterns in markets. In XRP’s case, analysts see an impulsive wave forming, with Wave 3 targeting $1.88 and Wave 5 potentially reaching $5.85.
Should I invest in XRP based on this prediction?
All investments carry risk, especially in crypto. While technical analysis offers insight, it’s not guaranteed. Always conduct your own research, consider risk tolerance, and avoid investing more than you can afford to lose.
What should I watch for next with XRP?
Monitor developments in the SEC case, trading volume spikes, key support/resistance levels ($0.70, $1.00), and broader Bitcoin market trends—all of which can influence XRP’s direction.
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Final Thoughts: Is XRP Poised for a Major Surge?
The confluence of technical strength, regulatory anticipation, and growing institutional use cases paints a promising picture for XRP’s future. While short-term fluctuations are inevitable, the long-term outlook appears increasingly bullish.
If Dark Defender’s Elliott Wave projection holds true, XRP could see multi-year highs, potentially exceeding $5 in 2026. But as always in crypto, timing and external catalysts will play crucial roles.
For investors and traders alike, staying informed about XRP price trends, Ripple news, and regulatory updates is essential to navigating this dynamic asset class.
Disclaimer: The content provided is for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments are speculative and involve substantial risk. You should conduct independent research and consult with a qualified financial advisor before making any investment decisions.
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