Crypto Analyst: XRP Price Could Rise 200% to $5.85

XRP has lost its key support level at $2 amid a broader correction in the cryptocurrency market, with the altcoin posting a 14% monthly loss.

The asset’s price rebounded from the next support level at $1.88, last seen on November 22. Popular crypto analyst Dark Defender stated that this is a critical area for the altcoin, and the rebound could lead to a rise to $5.85.

Dark Defender, who previously predicted a drop in XRP to $1.88, has now identified a new bullish price target of $5.85. The analyst uses the popular Elliott Wave structure to support his outlook.

He noted that the altcoin’s price has completed the fourth wave of a broader Elliott Wave cycle and is ready to enter the fifth wave. According to Dark Defender, this could result in a 200% increase from current levels.

The analyst wrote that he has been tracking the fourth-wave correction in XRP since February 13, 2025. According to his analysis, wave A ended at around $1.60 in April, while wave B peaked at approximately $3.66 in July.

During the final corrective phase, wave C reached $1.88, which he now considers a confirmed bottom of the monthly wave 4 structure. The analyst highlighted a key support zone between $2.22 and $1.88, noting that XRP traded within this range for some time before rebounding upward.

See also: "Barclays Bank Has Issued a Forecast for the Crypto Market in 2026"

#XRP (XRP) #Forecast

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