Renowned crypto analyst Behdark has forecasted a significant price surge for XRP, with projections suggesting a potential rise to $28. This forecast is rooted in the Elliot Wave theory, providing insights into when XRP might attain this ambitious double-digit price milestone.
Projected Timeline for XRP to Achieve Double-Digit Valuation
In a detailed analysis shared on TradingView, Behdark’s application of the Elliot Wave theory indicates that XRP could achieve double-digit valuations by 2026. The analysis outlines an initial target of $15 for XRP, followed by a potential rally to $28. Behdark’s insights delve deeper into the current market dynamics influencing XRP’s price trajectory.
Market Dynamics and Price Patterns
The analysis identifies the current XRP price movement as part of a running triangle pattern. Behdark suggests that wave D is poised to challenge the all-time high (ATH) of $3.84, with a subsequent wave E correction anticipated. Following this correction, the analyst envisions a significant upward movement, potentially driving the price to surpass $15, with $28 being a viable target.
Market Capitalization Implications
A potential rally to $28 would elevate XRP’s market capitalization to approximately $2.8 trillion. Behdark emphasizes that this projection is primarily based on technical chart analysis rather than fundamental analysis, although chart patterns often encapsulate fundamental market sentiments.
Potential Investment Strategies
Behdark advises market participants to remain vigilant for distinct patterns as XRP approaches wave E of the triangle formation. Identifying these patterns could provide strategic entry points for those looking to capitalize on the anticipated move to double-digit values.
Validating the Double-Digit Target: Insights from Dark Defender
Another crypto analyst, Dark Defender, corroborates Behdark’s projections with his own Elliot Wave theory analysis, suggesting that XRP might reach double digits. Dark Defender’s chart indicates a potential rally to $18, driven by an impulsive wave 5 movement.
Timeline and Current Market Position
Unlike Behdark’s 2026 timeline, Dark Defender anticipates the double-digit rally could occur as early as mid-2025. Currently, XRP is in its third wave, with projections of reaching $5 during the next impulsive phase. A subsequent corrective dip to $4 might precede the surge to the $18 target.
Current Market Status
As of the latest update, XRP is trading at approximately $1.55, reflecting a notable increase of over 10% in the past 24 hours, according to CoinMarketCap data.
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