XRP Price Prediction: Dark Defender Sets Bold Targets of $2.75 and $5.85

Crypto analyst Dark Defender has issued a bold outlook for XRP, stating on X that the asset is on a clear path toward multiple upside targets.

Crypto analyst Dark Defender has issued a positive outlook for XRP, stating on X that the asset is on a clear path toward multiple upside targets. His remarks come as the asset bulls are trying to maintain a support level at $2.42, with technical patterns suggesting the asset may be setting up for a breakout.

XRP Faces Minor Resistance on the Way to $2.75, $5.85 in Sight

XRP’s price action is beginning to show some positivity, recently pushing as high as $2.56 in a seven-day timeframe. Though it met resistance and reversed for a downtrend early last week, it eventually found support at $2.36 and started a fresh uptrend.

This up-and-down movement is seemingly an average price action playout, but technical analysis on the daily candlestick timeframe chart shows that the price quietly changed a downward-sloping resistance trendline into support at $2.36.

Now, the next outlook for the altcoin is an upward movement after this fresh uptrend above the resistance trendline. With this in mind, crypto analyst Dark Defender predicted that the cryptocurrency is on the road to $5.85. The analyst also mentioned a closer price target at $2.75, though he believes that XRP may encounter some difficulty in breaking through $2.55.

The predicted difficulty at $2.55 is in response to its rejection last week. However, Dark Defender’s phrasing was straightforward; “XRP looks excellent,” indicating strong conviction in the token’s current setup after his analysis.

Exponential Fibonacci: $5.85 Isn’t The Limit For The Altcoin

Dark Defender’s prediction of a $5.85 price target for XRP would see the crypto breaking above its current all-time high. However, this pales in comparison to the analyst’s long-term projection.

The projection to $5.85 is just one part of Dark Defender’s broader analysis. In a previous post, he envisioned a more ambitious long-term scenario using exponential Fibonacci levels and Elliott Wave theory. According to him, the common notion that XRP cannot exceed $10 is a misinterpretation of exponential modeling. He asserted that the altcoin is currently in an impulse wave 3 on a multi-year timeframe. If wave 3 fully extends during this phase, it could reach $77.7, with wave 5 targeting a triple-digit price zone.

His roadmap emphasizes staying above the $2.3951 median, a level that has been in play since November. From there, the chart suggests a run to $8, which could propel the asset toward a new range between $18 and $23. These projections are not only based on wave extensions but also on volume trends, RSI behavior, and repeating historical patterns, which the analyst believes all align to support an incoming rally.

At the time of writing, XRP is trading at $2.42.

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