Emily Walker
Crypto analyst Behdark has forecasted that XRP could potentially rise to $28. This projection is based on his analysis using the Elliot Wave theory, which also indicated the timeline for reaching this substantial price.
Projected Timeline for XRP’s Price Surge
In a detailed TradingView post, Behdark analyzed that XRP could hit double-digit prices by 2026. His chart illustrates that XRP might first target $15, eventually moving towards $28. He further discussed XRP’s present price movements and the rationale behind this possible increase.
The analyst explained that the current price of XRP appears to be forming a running triangle. He noted that wave D is likely nearing its conclusion as it approaches the all-time high (ATH) of $3.84, followed by a possible price correction during wave E.
After this expected correction, Behdark believes that XRP could make a move towards surpassing $15, leading us to the prospective target of $28 as shown on his chart, although this may not happen within the current market cycle.
A price surge to $28 would suggest an impressive market capitalization of $2.8 trillion. Behdark maintains that this target is achievable, emphasizing his analysis is primarily based on chart patterns rather than fundamental factors, which he acknowledges are still reflected in the charts.
Furthermore, he advised investors to watch for a distinct pattern when XRP reaches wave E to effectively position themselves for a move towards double digits.
Supporting Predictions for Double Digit Targets
Another analyst, Dark Defender, recently conducted a similar Elliot Wave theory analysis suggesting that XRP could indeed reach double digits. His charts indicate a potential rally to $18 during the wave 5 impulsive move.
Unlike Behdark, who suggested that the path to double digits would occur in 2026, Dark Defender anticipates that the rally to $18 could transpire by mid-2025. He pointed out that XRP is currently within its third wave, with an expected jump to $5 before a corrective dip down to around $4, after which another upward move could bring the price to $18.
As of now, XRP is trading at approximately $1.55, marking a more than 10% increase over the past 24 hours, according to CoinMarketCap data.