XRP Price Prediction: Ripple's Token Path to $5.85 by 2025

Top analyst Dark Defender has lately shared a bullish outlook for XRP. He suggested a potential path to $5.85 by 2025.

Top cryptocurrency analyst Dark Defender has shared his bullish outlook for XRP, suggesting a potential path to $5.85 by 2025.

In his recent tweet, he highlights XRP's price bounce from a crucial support level and its interaction with the Ichimoku Weekly Clouds, hinting at a possible long-term upward trajectory.

According to Dark Defender, XRP's ability to break above the Ichimoku Cloud, particularly at $0.6649, is crucial for igniting substantial bullish momentum.

Furthermore, he points to key technical indicators, such as a five-wave Elliott Wave structure and an impending golden cross on the Relative Strength Index (RSI), indicating potential upside targets for XRP.

The XRP chart shared by Dark Defender showcases critical support and resistance zones on the weekly timeframe.

A well-established blue support line has been acting as a strong price foundation since 2022, marking points where XRP tends to find support and historically rebounds. This support was tested recently, and XRP's response to it could be a crucial factor in determining its future price direction.

On the other hand, an orange resistance line, active since July 2023, has been posing a considerable barrier to further price growth. A breakthrough above this resistance would mark a critical step toward XRP's projected price targets.

Dark Defender emphasizes that breaking above the Ichimoku Cloud, specifically at $0.6649, is necessary for XRP to transition into a bullish trend. If XRP clears this cloud resistance, it may initiate a stronger uptrend toward its next resistance level.

The analyst's chart analysis also incorporates an Elliott Wave 5-wave structure, which offers insight into XRP's possible price movements.

According to this structure, Wave (1) initiated an upward movement, while Wave (2) represented a corrective phase respecting the blue support level.

Wave (3), if triggered, could push XRP toward $1.88, aligning with the 161.8% Fibonacci extension. A subsequent corrective Wave (4) would pave the way for Wave (5), potentially propelling XRP to $5.85, consistent with the 261.8% Fibonacci extension level.

The Fibonacci extension levels plotted on the chart provide additional price milestones, with the 161.8% and 261.8% extensions positioned at $1.88 and $5.85, respectively.

These levels represent potential points of resistance where XRP could experience selling pressure during a strong rally. Breaking through these extensions, however, would likely reinforce XRP's price momentum and align with Dark Defender's projected targets.

The weekly chart's RSI indicates an approaching golden cross, which is a bullish technical indicator when the RSI line crosses above its signal line. However, the RSI has not yet completely confirmed a bullish trajectory.

Dark Defender points out that a completed cross could further validate XRP's ascent. This RSI movement suggests strengthening momentum, aligning with the analyst's optimistic view of XRP's potential path toward $5.85 by 2025.

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