6 May 2025
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Crypto Analyst Predicts XRP Price Could Exceed $6 by December 2025
XRP is currently in a consolidation phase, with analysts indicating that it has not yet begun a definitive uptrend. The price recently faced resistance at $2.22 and is now testing support at $2.13. Expectations remain bullish, particularly as the market may enter an altcoin season.
Wave Count Projections for XRP
- Analyst Dark Defender outlines potential movements for XRP, suggesting five waves of price action.
- The first wave is expected to be bullish, potentially pushing the price to $2.8.
- The second wave may see a correction, leading to a drop near $2.3.
- The third wave is projected to surpass $4, with expectations to exceed the previous all-time high of $3.8.
- A fourth bearish wave might push the price back below $4 temporarily.
- The fifth wave could escalate the price to approximately $6.3 by December 2025.
Completion of these projections hinges on maintaining support above $1.88, as a breach below this level could lead to further declines.