XRP: Is a Bullish Resurgence on the Horizon?
Despite recent price dips, prominent crypto analyst Dark Defender staunchly believes XRP has not entered a bear market. This optimistic stance, shared by other market watchers, suggests that the current downtrend is merely a calculated correctional phase, ultimately positioning the digital asset for a significant long-term rally to unprecedented highs.
Technical Analysis Points to Wave 4 Correction, Not Bear Market
According to Dark Defender's interpretation, the ongoing decline in XRP's value is purely a technical correction, representing its entry into Wave 4 of the Elliot Wave theory. This phase is historically known for bearish sentiment and price adjustments. The analyst notes that this Wave 4 has been in play since February 2025, implying a prolonged but necessary correctional period that must run its course before the highly anticipated next wave can begin. This perspective suggests that the most bullish phase, Wave 5, is still on the horizon. Dark Defender advises XRP investors to remain calm, reiterating that current price movements are unfolding as expected within this established technical pattern. The long-term price target, according to this analysis, remains an ambitious $5.85, significantly above its previous all-time high of $3.8.
Bullish Divergence Signals Potential Market Bottom
Adding weight to the bullish argument, fellow analyst STEPH IS CRYPTO has identified a rare bullish divergence in XRP's Relative Strength Index (RSI) on the daily chart. This infrequent occurrence is a critical indicator, as a similar divergence in 2022 historically preceded a rapid price appreciation following a period of market consolidation. The reappearance of this strong signal suggests that selling pressure is waning, indicating that bears may be running out of steam. While an exact price target remains speculative, these technical indicators strongly suggest that XRP is nearing a market bottom, with a rally potentially in the works. As one analyst aptly puts it, "Nothing is guaranteed – but from a technical perspective, this is one of the strongest early reversal signals you can get," further strengthening the case for an imminent bullish resurgence for XRP.
