Crypto analyst Behdark has made a bold prediction regarding the future price of XRP, stating that it could potentially reach $28. This forecast is based on his analysis using the Elliot Wave theory, which also outlines when this double-digit price target could be achieved.
In a recent post on TradingView, Behdark’s Elliot Wave theory analysis indicated that the XRP price has the potential to reach double digits by 2026. According to his chart, the first target for XRP is $15, with a subsequent rally that could push the price up to $28. Behdark also delved into XRP’s current price action and provided insights into why this rally might occur.
The analyst highlighted that the XRP price appears to be within a running triangle pattern, suggesting that wave D could reach the all-time high of $3.84 before a potential correction in wave E. Following this correction, Behdark predicts a post-pattern movement that could target a level above $15, eventually leading to the $28 price target. While this may not happen in the current market cycle, the analyst believes it is a feasible target for the crypto.
If XRP were to rally to $28, it would result in a market cap of $2.8 trillion. Despite the substantial figure, Behdark expressed confidence in the possibility of this scenario, emphasizing that his analysis focuses on chart patterns rather than fundamental factors, although fundamentals are inherently reflected in the chart.
Behdark advised market participants to be on the lookout for clear patterns when XRP reaches wave E of the triangle, as this could signal an opportunity to position themselves for the anticipated move towards double digits.
Another crypto analyst, Dark Defender, also recently shared an Elliot Wave theory analysis supporting the notion that XRP could reach double digits. According to the accompanying chart, XRP could potentially rally to $18 during the wave 5 impulsive move. Unlike Behdark’s timeline of 2026 for the rally to double digits, Dark Defender’s chart suggests that the $18 target could be reached as early as mid-2025. The analyst highlighted that XRP is currently in the third wave, with a projected rally to $5 before a corrective move that could temporarily drop the price to $4, paving the way for the subsequent impulsive move towards the $18 target.
As of the time of writing, XRP is trading at around $1.55, reflecting a more than 10% increase in the last 24 hours based on data from CoinMarketCap.
In conclusion, both Behdark and Dark Defender’s analyses provide insights into the potential for XRP to reach double-digit price levels in the future. While timelines and specific price targets may vary, the overall sentiment is optimistic about XRP’s price trajectory in the coming years. As the market continues to evolve, it will be interesting to see how these predictions unfold and whether XRP can indeed achieve the projected price milestones.
