While most assets in the cryptocurrency market have been slowing down their growth lately, XRP (XRP) has been recording gains on all its charts, especially in the last 24 hours, which one crypto analyst believes could lead to a price level of $5.85.
In particular, after rumors of a settlement with the U.S. Securities and Exchange Commission (SEC) triggered a spike and then a pullback when reports emerged claiming otherwise, crypto expert Dark Defender suggested it could soon rise sharply, according to his July 24 post X.
XRP Price Prediction
As it turns out, the crypto trading analyst indicated that he has set wave 3 of the Elliott Wave chart pattern to be “shorter, to $1.88, which could also extend to the $5.85 Fibonacci level,” given that the XRP token is “now breaking monthly resistance!”
In particular, according to the diagram provided Dark Defendercurrently the sixth-largest asset in the crypto sector by market cap, could reach a projected price of $1.8816 by the end of this year, and then hit its next major target of $5.8577 in the first half of 2026 (wave 5).
Recall that earlier the same crypto market analyst noted on the 4-hour chart that XRP is “still on track based on our structure” and could break above $1 given the start of the current wave, with initial targets at $0.87 and $1.03.
XRP Price Analysis
XRP’s current price is currently $0.62879, which represents a 5.39% gain over the past 24 hours, a cumulative gain of 0.46% over the previous seven days, and a 30.59% gain on the monthly chart, according to the latest data obtained on July 24.
All things considered, the XRP price could indeed soar to the predicted levels by the time the crypto analyst predicts. However, industry trends can change, so keeping an eye on any XRP news today and in the future, as well as Ripple news such as updates on the Ripple vs. SEC case, is essential.
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