XRP analyst predicts that the monthly wave 5 will start heading towards the target of $5.85

The chart and commentary provided via X ( previously on Twitter ) outline the Elliott wave structure and indicate a bullish continuation, with a potential bullish target near $5.85—the Fibonacci extension of 261.8%. The wave 4 reached 2.36 dollars, followed by a bounce to 2.07 dollars. According to Dark Defender, the April wave is divided into five sub-waves, following the classic corrective structure. Sub-wave 4 bottomed out at $2.36, a key level that serves as a confirmation zone. From there, sub-wave 5 began, pushing XRP down to a low of $2.07 before stabilizing. "Wave 5 has completed halfway. The remaining part has not yet been confirmed," Dark Defender said. This progression indicates that XRP has made the first moves of a larger impulse wave, with Wave 5 now set to continue towards new highs.

Confirm that wave 5 is waiting. Dark Defender's analysis emphasizes that although the setup for Wave 5 is clear, confirmation is still needed. Once validated, XRP could accelerate quickly, with the next major resistance seen around $3.50 and a full forecast of the $5.85 region if Wave 5 occurs completely. "Nothing can stop this. Nothing at all," the analyst declared, expressing strong confidence in the chart setup.