Dark Defender Says XRP Has Entered Wave 5 as $10 Target Comes Into Focus
XRP could be on the verge of its next major breakout, with market analyst Dark Defender arguing that the token has already entered the highly anticipated Wave 5 of the Elliott Wave cycle, even without the passage of the CLARITY Act on American soil.
According to the analyst, XRP's recent weekly correction has concluded, clearing the way for the next impulsive move higher. In a recent update, Dark Defender stated, "XRP is launching Wave 5 without the CLARITY Act. Correction is done weekly, too. Double digit is expected next."
His outlook suggests XRP's bullish momentum is being driven by technical strength rather than regulatory catalysts. While many investors have viewed the CLARITY Act as a potential trigger for a sustained rally, Dark Defender believes the market has already begun pricing in the next phase of XRP's advance.
XRP Enters Wave 5 as Analyst Targets Double-Digit Prices
Within Elliott Wave Theory, Wave 5 is typically the final bullish leg of a cycle and often delivers some of the strongest gains.
Based on his analysis, Dark Defender expects XRP to reach double-digit prices, identifying the $10 region as a key milestone rather than the ultimate top.
At the time of writing, CoinCodex data shows XRP trading at $1.12, meaning a move to $10 would represent an increase of nearly 800%. While achieving that target would require continued buying momentum and supportive market conditions, the analyst maintains that XRP's long-term technical structure remains firmly bullish.
More notably, the forecast comes as XRP continues consolidating within a symmetrical triangle, a chart pattern widely associated with impending breakouts. As the trading range tightens, the $2 level has emerged as the first major upside target should buyers regain control.
What’s next? Well, the growing XRP optimism needs to merge with broader market sentiment, macroeconomic conditions, liquidity, and regulatory developments for sustained upward momentum.
Therefore, Dark Defender's latest outlook adds to the bullish narrative surrounding XRP. If Wave 5 is indeed underway, the cryptocurrency could be entering what many traders expect to be its strongest rally of the current market cycle.
