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The bulls seem to regain control On the market again while the XRP price is preparing for a potential rally at $ 6. According to an Crypto analyst, this forecast is rooted in the Elliott waves theoryThis indicates that wave 5, which is the last and generally the most explosive lightness, is about to run.
Elliott Wave 5 Signals XRP Explosion Price
In one of his last Vague elliott analyzesX (formerly Twitter) Crypto Expert Dark Defender forecast A powerful rally for the XRP price, suggesting that the third largest cryptocurrency may soon soar at $ 6. According to the analysis, XRP moves in a predictable wave structure since February 2025, and a recent price action confirms the partial completion of the monthly Wave bull model 5.
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The graph has shown that since February, XRP has been following what Dark Defender calls the “green path”, aligning the expected trajectory of the monthly wave 4. This wave recently ended after the deployment in five smaller sub-valves, highlighting a precise and structured technical behavior.
The fourth sub-sworn peaked at around $ 2.36, a level previously identified as a key confirmation point. As expected, The XRP price Rebounded on this level before finding yourself at $ 2.07, forming the last stage of the 5-year wave 5.
XRP Hijet Configuration reveals that the monthly wave 5 is now at its beginnings, the drop to $ 2.07 perhaps marking the bottom of the corrective structure. Dark Defender stresses that even if the wave 5 has already started, the largest ascending movement is still awaiting a complete confirmation, indicating that there can be an important place so that XRP is ranging.
Technical projections place the potential target of this wave 5 nearly $ 6.85, representing a net breast breaker if market momentum Alignments with the expectations of the structure of the waves.
The analyst says that the real bull rally is about to start
The XRP price approaches a major technical escape, as an CWRS CW analyst strengths the emergence of a Classic bull flag model. After having known months of consolidation, the analyst suggests that the next explosive step in XRP prices’ action could be at us.
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The daily graphic reveals a clear bull flag structure, formed after The powerful XRP rally in 2024 When its price went from $ 0.5 to more than $ 2. This aggressive and unexpected movement created the mast, followed by a multi-house consolidation periodforming the descending flag model.
Now XRP tests the upper limit of the bull flag, exchanging just over $ 2.36 at the time of the analysis. A decisive break and close above the resistance trend line could trigger a new wave of bullish momentum. According to CW, this escape would mark the beginning of a real Taurus rally for XRP.
Pixabay star image, tradingView.com graphic
