In the ever-evolving world of cryptocurrencies, XRP’s price action is currently unfolding in a manner that has caught the attention of market analysts. As of August 2025, the digital asset is tracing a textbook Elliott ABC Wave pattern, signaling the potential for a notable upward movement. Crypto analyst Dark Defender has been closely observing this pattern, suggesting that if the current corrective phase completes as projected, XRP could be poised for a significant rally.
The Elliott Wave Setup
In his latest analysis, Dark Defender outlined an Elliott Wave ABC structure on a 4-hour chart, projecting the possibility of XRP reaching new heights if the formation comes to fruition. This setup began in July when XRP hit $3.66, creating the foundation for the corrective pattern. From there, prices retraced to an anticipated low of $2.85, successfully forming Wave A as forecasted.
By the start of August, XRP rebounded to $3.33, marking the top of Wave B. At this juncture, the cryptocurrency entered the Wave C phase, with a price decline expected to complete this corrective leg before an upward surge. Dark Defender’s chart is peppered with critical interaction points, including precise price hits at $3.333 and $3.364 before a predicted rebound, aligning closely with XRP’s Relative Strength Index (RSI) movements. As explored in our recent coverage of XRP’s price surge, traders are increasingly employing strategies like ‘straddle’ to capitalize on these swings.
Here’s the kicker: if XRP maintains its structure through the end of this corrective cycle, Dark Defender suggests this technical setup could clear the path for a bullish leg, potentially driving the price above $3.8. With XRP currently trading at $3.14, such a move would reflect an increase of over 21%.
Key Price Levels and Market Sentiment
In a follow-up analysis, Dark Defender highlighted XRP’s precise bounce from the $3.333 level, resuming its upward trend after the Elliott Wave structure had pushed prices down from recent highs. As XRP trades near $3.06, it finds itself in a consolidation range, potentially extending to the $3.05 area if the $3.33 resistance persists as a barrier.
The critical detail here is the potential for rapid acceleration toward higher short-term targets of $4.39 and $5.85 if the $3.33 resistance is decisively breached. Such movements would represent surges of approximately 39.8% and 86.3%, respectively. Meanwhile, support remains solid at $3.05 and $3.00, marking zones where buyers might step in should prices dip. For a broader perspective on market trends, see our analysis of crypto price movements including ETH, ADA, and more.
Historical Context and Forward-Looking Implications
Historically, XRP has experienced its share of volatility, and the current Elliott Wave pattern echoes past dynamics where technical setups have driven significant price action. Dark Defender’s analysis isn’t just about numbers; it provides a roadmap for traders gauging market sentiment and future possibilities. With the cryptocurrency market’s inherent unpredictability, maintaining a balanced view is crucial.
While optimism is palpable, skeptics might wonder if this trend can sustain itself in the face of broader market forces. As the world watches, questions linger about the impact of external factors like regulatory changes or macroeconomic shifts on XRP’s trajectory.
Ultimately, the unfolding of this Elliott Wave pattern will be a narrative to follow closely. If the projected path holds, XRP might not only reach but potentially exceed its previous highs, setting the stage for what could be a transformative period for this digital asset.
Source
This article is based on: XRP ABC Wave Shows How High The Price Will Go If This Structure Holds
Further Reading
Deepen your understanding with these related articles:
- Bitcoin, Ether, XRP price bump pushes market sentiment to ‘Greed’
- Why Is Ripple’s (XRP) Price Down Today?
- Crypto Fantasy Or Future? Expert Predicts XRP Will Hit $1 Million
Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
