Reports from NewsBTC reveal that XRP has been undergoing a consolidation phase since reaching a seven-year high in January 2025. This consolidative trajectory has led to a gradual decline in value, with XRP losing approximately 40% since its peak. Despite the lower value, the bulls appear to have established a strong support level at $2, which has remained intact even in the face of market crashes. This has given rise to the possibility that XRP could be nearing the end of its consolidation phase, and a price resurgence may be on the horizon.
Renowned crypto analyst Dark Defender has taken to X (the platform formerly known as Twitter) to suggest that the ongoing price consolidation of XRP could soon end. His analysis, based on the monthly price charts, indicates that this could be the last phase of consolidation before XRP experiences a price breakout.
According to Dark Defender’s 5-Wave analysis, the end of the consolidation phase could trigger a bullish trend. The first wave, termed the ‘Impulsive Wave 1’, is expected to push the price to $3, followed by a bearish second wave that could drop the price back to $2.2. However, the third wave could usher in a new all-time high, with a price target of $5.
The fourth wave, another bearish phase, could result in a 30% crash, pulling the price back to around $3. Yet, this could set the stage for the final and most powerful fifth wave. If the 5-Wave analysis holds true, the fifth wave could propel XRP to a new all-time high, with the price skyrocketing over 100% from the fourth wave’s low point, potentially surpassing $6.
Dark Defender’s major price targets during these wave actions are $3.75 and $5.85. The key support and resistance points to watch are $1.88, $1.63 (support) and $2.22, $2.30 (resistance).
