The XRP price action is unfolding in line with a textbook Elliott ABC Wave pattern, signaling the potential for its next upward move. According to crypto analyst Dark Defender, the chart structure remains intact and could set the stage for a major rally if the current corrective phase completes as projected. 

ABC Wave Pattern To Drive XRP To New Highs

In Dark Defender’s latest XRP price analysis, the crypto expert outlined a clear Elliott Wave ABC structure on a 4-hour chart, suggesting a potential price surge to new highs if the formation completes. The setup began forming in July 2025 after XRP reached $3.66, marking the starting point for the corrective pattern on the “Dark’s Side” chart. From there, the price began retracing toward the anticipated $2.85 level, successfully establishing Wave A in line with the forecast. 

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By early August, XRP rebounded, climbing to $3.33 to form the B Wave top. As a result, Dark Defender’s chart structure remains intact, with the cryptocurrency now positioned in the Wave C phase. The analyst’s projection anticipates a price decline completing this corrective leg before XRP can initiate the next significant upward move. 

Dark Defender’s chart also highlights critical price interaction points, including exact hits at $3.333 and $3.364 before a rebound. In addition, XRP’s Relative Strength Index (RSI) movements align closely with the wave progression, showing dips at key reversal points and its current momentum staying within the expected zone. 

According to this wave framework, the next phase hinges on whether XRP can maintain its structure through the end of the corrective cycle. If it does, Dark Defender suggests that the technical setup could open the path for significant upward momentum, potentially positioning the cryptocurrency for its next bullish leg. The trajectory of the green arrow in the chart indicates a possible price rally above $3.8. With XRP trading at $3.14 as of writing, this would represent a significant price increase of over 21%. 

XRP Price Eyes $5.8 Breakout After Bounce

In a follow-up post, Dark Defender noted that XRP bounced precisely from the $3.333 level before resuming its upward movement. This bounce occurred after the Elliott Wave corrective structure pushed prices down from recent highs. 

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At the time of the analysis, XRP was trading near $3.06, positioned within a consolidation range that could extend toward the $3.05 area if $3.33 remains a barrier. As mentioned earlier, XRP’s price chart shows an ABC corrective wave in play, with the cryptocurrency now in the middle of the ‘B’ leg’s development. 

If the $3.33 resistance is decisively cleared, the analyst projects a rapid acceleration toward higher short-term targets at $4.39 and $5.85. At current market prices, this would represent a significant surge of roughly 39.8% and 86.3%, respectively. Dark Defender also notes that support remains firm at $3.05 and $3.00, marking key levels where buyers are expected to step in should prices retrace.

Featured image from Getty Images, chart from Tradingview.com