XRP Price Forecast: Analyst Sees $6.30 Surge After Retest of Key Levels
By: coindoo|2025/05/06 22:15:01
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His comments follow XRP’s recent rejection from the $2.22 resistance level and a subsequent retest of support at $2.13—a critical zone that could define the next move for bulls and bears alike.Despite short-term weakness, Dark Defender believes XRP is preparing to enter a five-wave bullish structure, a pattern often observed in Elliott Wave Theory. According to the analyst, the correction phase is nearly over, and the first wave of upside could soon begin, targeting $2.80 in the initial push.Following this move, he expects a pullback to around $2.30, marking the start of Wave 2. However, Wave 3 is projected to be much stronger, potentially pushing XRP above its 2017 all-time high of $3.80 and reaching over $4. .dark-mode .read-more {background-color: #343a40 !important;} READ MORE: Bernstein Predicts $330 Billion Corporate Bitcoin Allocation in Next 5 Years After another minor correction (Wave 4), the fifth and final wave could take XRP as high as $6.30, completing the bullish cycle. Dark Defender’s chart suggests all five waves could play out before the end of December 2025.If the analysis proves accurate, XRP could finally achieve new record highs within the next seven months—assuming broader market conditions remain favorable.The post XRP Price Forecast: Analyst Sees $6.30 Surge After Retest of Key Levels appeared first on Coindoo.
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