In the wake of Donald Trump’s U.S. presidential victory, renewed optimism has swept through the cryptocurrency market.
XRP, in particular, has become a focal point of speculation, with many believing that a Republican-led administration could foster favorable conditions for an XRP exchange-traded fund (ETF).
Amid this renewed interest, crypto analyst Dark Defender recently outlined a clear roadmap for XRP, projecting its journey from current levels to an ambitious target of $5.85, supported by multiple technical indicators.
XRP’s path to $5.85: A Bullish projection
According to the analysis, XRP’s current movement aligns with a classic five-wave Elliott Wave pattern, often indicative of strong uptrends.
XRP price analysis chart. Source: DarkDefender/X
In Wave (1), XRP established initial bullish momentum with a significant upward move, followed by Wave (2), a corrective consolidation phase that formed a triangle pattern.
This consolidation phase has held since mid-
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