If you are following XRP price predictions, then you mus have seen Dark Defender at least a few times doing these eon X.
And today he weighed in on tthe situation around XRP price again, predicting again $5.85 might be there sooner than you think. For context, the XRP price is now trading around $2.45 after pumping 2.5% today.
The current XRP chart reveals an interesting technical story. For a long time, XRP was stuck under a green diagonal line, which represents a descending trendline. Recently, the cryptocurrency broke through this line, which is a significant signal of a potential trend reversal. What makes this breakthrough special is that XRP has successfully retested the trendline. This means the previous resistance has now transformed into a support level. Traders often look for these kinds of pattern changes as they can indicate a shift in market sentiment.
What you'll learn 👉
Elliott Wave Theory Insights
The chart shows a specific pattern using Elliott Wave Theory, which is a method traders use to predict market movements. The wave count is labeled from (1) to (5), suggesting a bullish five-wave structure. Wave (1) has already played out. Wave (2) is either forming or expected soon. This wave might retrace to specific Fibonacci levels before the potentially most exciting part – Wave (3). Wave (3) could trigger a strong breakout, with price targets extending toward $3.94 and potentially reaching $5.85.
Good morning, friends. $XRP looks excellent!
— Dark Defender (@DefendDark) March 24, 2025
Road to $2.75 first. A little hassle on $2.55
Don't forget our support at $2.42.
Road to $5.85!
It's not financial advice but my thoughts only!
I hope you have an extraordinary week! pic.twitter.com/62vJHkbczR
The analysis highlights some crucial price levels based on Fibonacci retracements. Specifically, there are two key retracement levels to consider. The first is at 61.8%, which falls at $2.5556, and the second is at 70.2%, landing at $2.6502. These levels are important because they often act as buying zones or support areas before the next potential price surge. Think of them as potential “pause and reload” points for the price movement.
Read also: What Could $1K, $5K, or $10K in XRP Be Worth If It Reaches $100?
Critical XRP Price Levels
Several key price levels stand out in the current analysis. The support at $2.42 is considered a critical level that could provide a strong foundation for XRP. There’s a resistance point at $2.55 that might create a temporary challenge for price advancement. The analysis suggests a short-term target of $2.75, which could be the first milestone. A mid-term target of $3.94 is likely tied to Fibonacci extension calculations. The most exciting projection is the long-term target of $5.85, which represents the ultimate price goal.
After breaking above the trendline, the chart shows a clear pattern of higher lows and higher highs. This is typically a bullish signal. Importantly, there are no immediate bearish reversal signals like bearish engulfing or shooting star candles, which adds to the positive outlook.
He confirmed the importance of the support level at $2.42, suggesting traders should keep a close eye on this price point. Most notably, Dark Defender maintained an optimistic long-term view, reiterating the possibility of XRP reaching $5.85 in the future.
The current price sits at $2.4773, which is above the identified support level. The analysis suggests XRP could potentially experience a retracement to the $2.55-$2.65 zone before potentially breaking out strongly into Wave (3). The path forward involves moving toward the identified price targets, with each level representing a potential milestone in XRP’s price journey.
Read also: You’re Being Priced Out of XRP on Purpose – Here’s How the Rich Lock You Out!
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