XRP Will Rise to 6 USD: Wave 5 Has Completed Partially Indicating There Is Still Room to Run

The bulls seem to be regaining control of the market once again as the price of XRP prepares for a potential bullish move up to $6. According to a cryptocurrency analyst, this forecast stems from the Elliott Wave Theory, indicating that Wave 5, which is the final upward move and often the most explosive, is preparing to run. Elliott Wave 5 indicates a bullish XRP price explosion. In one of his latest Elliott Wave analyses, cryptocurrency expert Dark Defender from X ( formerly known as Twitter) predicts that the price of XRP will be bullish, suggesting that this third-largest cryptocurrency could soon surge to $6. According to the analysis, XRP has been moving according to a predictable wave structure since February 2025, and the recent price action confirms the completion of part of the bullish monthly pattern of Wave 5. The chart shows that since February, XRP has followed what Dark Defender calls the "green path", aligning with the expected trajectory of the April Wave. This wave recently ended after expanding into five smaller sub-waves, highlighting the precise and structured technical behavior. The fourth sub-wave peaked at around $2.36, a level previously identified as an important confirmation point. As predicted, the price of XRP bounced off this level before returning to $2.07, forming the end of sub-wave 5 of Wave 4 monthly.

The current bullish setup of XRP indicates that Monthly Wave 5 is currently in its early stages, with a drop down to $2.07 potentially marking the bottom of the corrective structure. Dark Defender emphasizes that while Wave 5 has started, a larger upward move is still awaiting full confirmation, suggesting that there may still be plenty of room for XRP to recover. The technical forecast sets a potential bullish target for this Wave 5 at around $6.85, indicating a strong bullish breakout if market momentum aligns with the expectations of the wave structure. The analyst stated that the bullish phase is about to begin. The price of XRP is nearing a major technical breakout, as cryptocurrency analyst CW emphasizes the emergence of a classic bullish flag pattern. After several months of consolidation, the analyst believes that the next surge in XRP's price action could be imminent. The daily chart shows a clear bullish flag structure, formed after the strong bullish move of XRP in 2024 when the price rose from $0.5 to over $2. This strong and unexpected move created the flagpole, followed by a months-long consolidation phase, forming a descending flag pattern. Currently, XRP is testing the upper boundary of a bullish flag, trading above $2.36 at the time of analysis. A decisive breakout and close above the resistance trendline could trigger a new bullish wave. According to CW, this breakout will mark the beginning of a real bullish phase for XRP.