XRP Enters Wave 5 Targeting $10 Without CLARITY Act, Analyst Says

Market analyst Dark Defender claims XRP has entered Wave 5 of the Elliott Wave cycle, targeting $10 without requiring passage of the CLARITY Act. According to the analyst's recent update, XRP's weekly correction has concluded, with the next impulsive move higher now underway. Dark Defender stated that XRP's bullish momentum stems from technical strength rather than regulatory catalysts, as many investors had viewed the CLARITY Act as a potential rally trigger. Within Elliott Wave Theory, Wave 5 represents the final bullish leg of a cycle and typically delivers strong gains.

Dark Defender Identifies $10 Target as Wave 5 Milestone

Dark Defender stated in a recent update: "XRP is launching Wave 5 without the CLARITY Act. Correction is done weekly, too. Double digit is expected next." The analyst identifies the $10 region as a key milestone rather than the ultimate top. CoinCodex data shows XRP trading at $1.12, meaning a move to $10 would represent an increase of nearly 800%. Dark Defender maintains that XRP's long-term technical structure remains firmly bullish.

XRP Consolidates in Symmetrical Triangle Pattern at $1.12

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. The analyst's outlook suggests the cryptocurrency could be entering what many traders expect to be its strongest rally of the current market cycle.

FAQ

What price target does Dark Defender predict for XRP? Dark Defender identifies $10 as a key milestone for XRP, representing an approximately 800% increase from the current price of $1.12 according to CoinCodex data.

What technical pattern is XRP currently forming? XRP is consolidating within a symmetrical triangle pattern, with $2 identified as the first major upside target should buyers regain control of the trading range.