A cryptocurrency market expert has just predicted that the price of XRP could explode to a modern record high this cycle. Recently, the cryptocurrency has shown significant weakness amid a long-term downtrend that began when last year it exceeded $3.50. The analyst says that despite being down more than 60% from today’s peak XRP Recovery Phase could have ended by citing three technical indicators to support his bullish thesis.

Matching technical indicators confirm the lowest price of XRP

Cryptocurrency analyst Dark Defender does released modern analysis suggesting that XRP may have found the bottom and is poised to reverse the downward trend towards a modern record high. It indicates three technical signals, including a confirmed completion of the XRP C wave corrective structure, a triangle breakout, and Relative Strength Index (RSI) bullish cross.

In his analysis, Dark Defender presented Elliott Wave Chart for XRP over a three-day time horizon spanning approximately April 2025 through an expected target period extending from mid to delayed 2026. The graph shows the completed ABC correction formulastarting with wave A, which marked an initial high for XRP, followed by a pointed sell-off. Wave B then unfolded as a robust recovery, pushing the XRP price to a high of $3.60 in 2025 before reversing again and setting the stage for Wave C.

According to the chart, wave C represents the final and most significant phase of the XRP correction. This is shown as a classic five-subwave impulse dip that has now fully played out. Within this structure, a fifth sub-wave recently ended near $1.31, marking a potential bottom for XRP and the end of the five-wave sequence. As a result, the end of Wave C is a key turning point, as suggested XRP bearish move continues from the peak of wave B may end, potentially giving way to a modern upward impulse.

Additionally, the chart shows that an ABC corrective wave has formed between two converging trend lines, creating what Dark Defender called a “resistance-support triangle.” Apparently, the XRP price was inside this bearish triangle throughout the correction period. The upper resistance trend line of this triangle, marked in orange, has long served as a robust barrier. However, Dark Defender notes that XRP has currently broken this resistance line, signaling the end of the compression phase and potential start of a modern growth trend.

Next point movement for a robust rally towards the modern ATH

While the orange resistance trendline capped price action ahead of XRP’s recent breakout, the yellow support line on the Dark Defender chart served as a robust base, repeatedly preventing price declines. Each successful defense of this support helped establish a stronger bottom, coinciding with the RSI forming a bullish crossover at Deeply oversold levels.

Looking to the future, Dark Defender has four potential positive goals Another bullish impulse wave for XRP. The first target is at a 123.6% extension near $1.66, which is about a 27% upside from current levels above $1.30. The next level is at a 161.8% extension around $1.88 before final resistance at $2.58.

As its all-time high target, Dark Defender is projecting a 261.08% upside move at $5.85. A price raise to this level could represent a staggering raise of over 350% over the current market value of XRP.

Featured image from Adobe Stock, chart from Tradingview.com