Crypto analyst Dark Defender has been one of the most vocal proponents of XRP, and this stance has not changed despite the altcoin’s current price action. In any case, the analyst believes that the current downtrend is actually playing into XRP’s long-term objective, claiming that the cryptocurrency remains inherently bullish. If the analyst is right, it means that the XRP price could be preparing for another major uptrend that could send it to new highs.
XRP price is only in wave 4, not a bear market
That’s what the post said shared on X, Dark Defender explained that the XRP cryptocurrency was not in a bear market by any means. Instead, the current downtrend is merely a result of the altcoin entering Wave 4 of the Elliot Wave, leading to the decline.
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Considering that Wave 4 is historically a bearish wave, this would explain why the XRP price has fallen so quickly. However, the crypto analyst explained that this wave did not just start as it has been going on since February 2025. Therefore, it would have to play out completely before the next wave can begin.
Based on this analysis, this would mean that the final wave of the theory has yet to play out, which is often the most bullish of all waves. As a result, the analyst urges XRP investors Don’t panic as the price continues to progress as planned. Ultimately, according to Dark Defender, the target remains $5.85, surpassing the previous record of $3.8.
The price could reach a bottom
Another analyst also says that the XRP price is not in a bear market and could in fact reach a bottom. STEF IS CRYPTO points out that the XRP RSI is actually showing a rare bullish divergence on the daily chart, one of the few times this has happened over the years.
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This is important because in 2022 a similar bullish divergence had appeared on the daily chart, and the result was a rapid increase after the distribution was completed. As the crypto analyst explains, the fact that this bullish RSI divergence has appeared on the XRP daily chart once again suggests that the sellers are effectively running out of power.
While there is no set target for where the XRP price is headed, the forecast suggests that a rally could be in the works. “Nothing is guaranteed – but from a technical perspective this is one of the strongest early reversal signals you can get,” the analyst said.
Featured image of Dall.E, chart from TradingView.com