XRP Price To $28: Wave Analysis Reveals When It Will Reach Double-Digits

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As a seasoned analyst with over two decades of experience in the financial markets, I find Behdark and Dark Defender’s Elliot Wave theory analyses on XRP intriguing. While I don’t have a crystal ball, my understanding of market trends and patterns tells me that both predictions hold a certain level of merit.

According to crypto expert Behdark’s forecast based on Elliot Wave theory, the price of XRP might climb up to $28. His analysis suggests that this significant double-digit price milestone could be attained according to his predictions.

When XRP Price Will Reach Double Digits

In a recent TradingView post, Behdark’s Elliot Wave theory prediction suggests that the value of XRP may rise significantly, potentially surpassing double-digit figures by 2026. The accompanying chart indicates that the first target for XRP’s price increase is approximately $15, with a potential subsequent rally bringing the crypto up to around $28. Behdark offered additional explanations about the current market dynamics of XRP and the reasons behind this predicted upward trend.

Initially, the analyst pointed out that the XRP price is currently inside an upward sloping triangle formation. Following this, Behdark suggested that wave D may reach its peak by climbing towards the all-time high (ATH) of $3.84. He added that a potential downward correction in wave E might follow afterwards.

After XRP undergoes a correction in price, Behdrak anticipates that its subsequent movement will be a post-pattern surge aiming at a level surpassing $15. This prediction of $28 as a potential price is based on the analyst’s chart, which suggests it could be achievable for this cryptocurrency, although it may not materialize in the current market cycle.

If XRP’s price were to surge to around $28, it would translate to a massive market capitalization of approximately $2.8 trillion for the cryptocurrency. Despite this seemingly astronomical figure, Behdrak expressed that such an upward trend might still be plausible. He emphasized that his analysis primarily revolved around chart patterns rather than fundamental aspects, acknowledging that even fundamentals indirectly influence these chart patterns.

In simple terms, the analyst advised market participants that if an obvious pattern becomes apparent as the price of XRP hits wave E within the triangle, they might want to prepare themselves to take advantage of a significant jump into double-digit figures.

A Confirmation Of This Double Digit Target

Crypto analyst Dark Defender also recently shared an Elliot Wave theory analysis, which showed that the XRP price could indeed reach double digits. Specifically, the analyst’s accompanying chart showed that XRP could rally as high as $18 when the wave 5 impulsive move occurs. 

As a crypto investor, I’ve been closely watching different predictions and charts, and here’s an intriguing finding: Unlike Behdark’s projection that we’d see a double-digit rally in 2026, Dark Defender’s chart suggests that the rally to $18 might occur as early as mid-2025. Meanwhile, the analyst I’m following indicates that the XRP price is currently in its third wave, with a potential surge to $5 expected when this next impulsive move kicks off.

Following this, there’s an anticipated correction in the XRP price which might lead it to fall down to approximately $4. After this potential correction, the next bullish trend could propel XRP towards its predicted target of $18.

Currently, as I’m typing this, the value of XRP stands approximately at $1.55, marking a rise of more than 10% within the past day, based on information from CoinMarketCap.

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2024-11-23 23:56