XRP's ABC Wave Indicates Potential Heights if Support Structure Endures
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In a recent analysis, crypto analyst Dark Defender has identified a significant bullish potential for Ripple (XRP) based on an Elliott Wave pattern forming on the cryptocurrency's "Dark's Side" chart.
The analyst's Elliott Wave ABC structure analysis, which was outlined on a 4-hour and daily chart starting from July 2025, suggests that XRP is currently undergoing a corrective ABC pattern phase. This pattern began forming after XRP reached $3.66, and if it holds, it could unlock a substantial bullish rally.
The corrective pattern is divided into three waves: A, B, and C. Wave A, marked by a decline to around $2.85, has already been established. Wave B, a rebound up to approximately $3.33–$3.36, followed. XRP is now in Wave C, the final corrective leg expected to complete before a strong upward push.
If Wave C completes as anticipated and XRP maintains support levels near $3.30, this corrective phase will set up a new bullish impulse. Potential price targets include a short-term rise above $3.8 (about a 21% gain from the $3.14 trading level) and longer-term targets associated with the next impulsive Wave 5, possibly reaching as high as $5.85 to $6 and beyond.
However, downside risk remains if crucial support fails. Key support levels include $3.12–$3.08, and dropping below these levels could risk a deeper correction toward roughly $2.7–$2.8.
The analyst emphasises the importance of key support levels holding, as the XRP's Relative Strength Index (RSI) and other technical indicators support that XRP is consolidating and preparing for the next leg up within this Elliott Wave framework.
By early August, XRP rebounded to $3.33, and if the corrective phase completes as projected, it could set the stage for significant upward momentum. The trajectory of the green arrow in the chart indicates a possible price rally above $3.8, representing a significant price increase of over 21%.
In summary, Dark Defender’s Elliott Wave ABC analysis suggests XRP is nearing the end of a corrective wave that could unlock a significant bullish rally. If XRP respects the identified wave structure and support, it may soon enter an impulsive phase driving price substantially higher, with targets ranging from the mid-$3 to near $6 levels. However, downside risk remains if crucial support fails.
- The bullish potential for Ripple (XRP) could be significant, according to crypto analyst Dark Defender, who has identified an Elliott Wave pattern forming on the cryptocurrency's "Dark's Side" chart.
- If the corrective phase XRP is currently in, part of an Elliott Wave ABC structure, follows the analyst's predictions, XRP could see a substantial bullish rally.
- The expected bullish impulse in XRP may take the price above $3.8, representing a gain of about 21% from the current trading level of $3.14.
- The technology behind cryptocurrencies, such as XRP, continues to play a crucial role in finance and investing, with analysts like Dark Defender using tools like Elliott Wave analysis to make predictions about the crypto market.
