TL;DR
- A leading market analyst, Dark Defender, argues that XRP has already entered Wave 5 of the Elliott Wave cycle and could reach $10 without requiring the CLARITY Act in the United States.
- The view is grounded in technical structure rather than regulatory catalysts.
- XRP trades near $1.12 while continuing a consolidation phase that may precede a major directional move, with growing attention on its tightening price action and historical breakout behavior.
Analyst Dark Defender states that XRP has completed its weekly corrective phase, positioning the asset inside Wave 5 of the Elliott Wave cycle. This phase is often associated with the final and strongest bullish leg of a market cycle, where momentum can accelerate if volume expands.
Weekly Time Frame Update:#XRP is launching the Wave 5 without the Clarity Act.
Correction is done weekly, too.
Double Digit is expected next.
(Not financial advice, but just my thoughts only!) pic.twitter.com/VHRzUFG9M0— Dark Defender (@DefendDark) July 6, 2026
He emphasizes that the current trajectory is driven by technical structure rather than regulatory developments, including the CLARITY Act. XRP is consolidating within a symmetrical triangle pattern, a structure frequently linked to volatility expansion. In this setup, the $2 level emerges as the first key resistance zone before any potential continuation higher. Market participants are closely monitoring whether this compression phase resolves upward, as similar formations in past cycles have preceded sharp price expansions.
XRP Price Outlook And Key Levels
XRP is trading around $1.12, according to CoinCodex data, while compressing inside a tightening range. From this level, a move toward $10 would represent an increase of roughly 800%, requiring sustained buying pressure and supportive macro conditions.
The analyst also highlights that XRP’s behavior is increasingly influenced by broader liquidity cycles and overall risk sentiment, rather than policy-driven triggers. This aligns with recent correlations observed across digital assets, where Bitcoin’s movement continues to act as a primary directional signal for the market. Traders are also watching volume trends, which remain a key confirmation factor for any potential breakout scenario.
XRP Technical Breakout Scenario
If buying pressure strengthens, XRP could break out of its consolidation range and extend its Wave 5 structure into a higher impulse phase. Elliott Wave Theory suggests that this final leg often produces the most concentrated price acceleration once a clear breakout is confirmed.
Dark Defender’s projection places XRP in a critical phase of its market cycle, where technical structure outweighs external catalysts such as the CLARITY Act. While regulatory clarity remains a long-term consideration for institutional participation, the current setup suggests XRP may already be positioned for continuation toward higher levels if market momentum persists, supported by improving liquidity conditions and sustained investor interest across the digital asset sector.
