XRP, Last Chance Before Breaking New All-Time High of $5.85..."Hesitate and You'll Miss It"

▲ XRP

XRP has concluded its long-term downward correction, with three technical indicators simultaneously pointing to strength, ushering in the prelude to an explosive rally towards a new all-time high of $5.85.

According to Cointelegraph, a cryptocurrency specialized media outlet, on April 11 (local time), virtual asset market expert and analyst Dark Defender recently diagnosed that XRP has confirmed its bottom and is ready to reverse its downtrend and break a new all-time high. Based on Elliott Wave theory, Defender presented three key signals indicating the end of the correction phase that began in April 2025. He specifically emphasized that XRP's corrective C-wave structure has completed, and a triangle pattern breakout and a bullish crossover of the Relative Strength Index (RSI) occurred simultaneously.

According to Defender's 3-day chart analysis, XRP has undergone a long period of correction with steep selling pressure since its high of $3.6 recorded in 2025. The analyst identified that the fifth sub-wave, the final stage of the downward wave, concluded recently around $1.31. This signifies that the downtrend, which has continued since the peak of Wave B in 2025, has effectively ended, and a critical turning point has been reached where a new impulsive upward wave could begin.

Technically, the successful breakout of the upper resistance line of the triangle pattern formed by the convergence of two trend lines is encouraging. As the price moved above the orange resistance line, which had acted as a strong barrier, the price compression phase ended, and the entry into a new uptrend was confirmed. Defender stated, "XRP has bottomed out and laid the groundwork for a reversal towards a new all-time high," expressing confidence in the consistent signals from the indicators.

For price targets, a phased upward scenario was presented. In the short term, the first target price is $1.66, the Fibonacci 123.6% extension, followed by $1.88, the 161.8% extension level. The ultimate all-time high target was set at $5.85, the 261.08% extension level, which represents a record gain of over 350% compared to the current market value. If the final resistance level at $2.58 is breached, it will enter a full-fledged price discovery phase.

Coupled with the recovery of overall market sentiment, XRP's unique technical strength is attracting high interest from investors. With the prevailing assessment that selling pressure has been sufficiently absorbed due to the prolonged correction, if an altcoin bull market fully commences with changes in Bitcoin (BTC)'s market dominance, XRP is considered one of the assets that will show the strongest rebound in this cycle. The target price of $5.85 symbolizes not just a prediction but also XRP's future status as a core asset in the financial infrastructure.

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