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- XRP’s recent correction is seen as a strategic setup for a breakout to $10, according to analyst XForce.
- The token is entering Wave 3 of an Elliott Wave cycle, often marked by powerful upward momentum.
- Fellow analyst Dark Defender highlights resistance at $2.222 and $2.40, with support at $1.8815.
XRP could be on the brink of a historic price surge, according to prominent crypto analyst XForce. The analyst reaffirmed his bullish stance following the token’s recent pullback, asserting that the correction is a strategic part of a larger macro move targeting a double-digit price point.
In a recent post on social platform X (formerly Twitter), XForce explained that the XRP retracement aligns precisely with his long-term prediction, calling it a necessary step before a major breakout to the $10 level. “We’re inching closer,” he wrote, emphasizing that the upward trajectory might be slow but is “undeniable.”
The analyst delved deeper into the technical framework supporting his forecast. He highlighted a WXY corrective pattern that has shaped XRP’s price action since early this year. This structure, according to XForce, is not a sign of weakness. It is part of a broader bullish wave formation that’s setting the stage for what he believes could be XRP’s most significant rally yet.
XForce pointed out that XRP is entering the third wave (Wave 3) of a five-wave Elliott Wave cycle on the macro chart, an impulsive phase historically associated with strong upward moves. He projects this Wave 3 could push XRP to the $10 range, followed by a corrective Wave 4 dip. If the cycle plays out as expected, Wave 5 could take XRP to as high as $40 before the current bull market concludes.
“The structure is textbook,” XForce stated, referencing XRP’s price bottoming during Wave 2 of the WXY correction. That phase is now complete, and he believes XRP is ready for a significant upside move.
XRP on the Verge of a Massive Bull Run
Supporting this bullish sentiment, fellow analyst Dark Defender also chimed in on X with a similar outlook. He believes XRP is “closer to an extreme bull run in a very short time than market participants can imagine.” Dark Defender advised traders to monitor resistance levels at $2.222 and $2.40, with a crucial support zone resting at $1.8815.
He also cautioned that XRP might briefly dip below $2 before launching into the next wave of the rally, suggesting that three smaller waves are still forming in the lower timeframes.
At the time of writing, XRP is trading at $ 2.20 with a 24-hour trading volume of $ 5.94B and a market cap of $ 128.27B. The XRP price increased 0.65% in the last 24 hours, according to data from CoinMarketCap.
While skeptics remain cautious amid broader market volatility, both XForce and Dark Defender suggest that the recent XRP correction may have been the calm before a historic storm.
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