March 10 News: Market analysis indicates that XRP may be on the eve of a rebound, with the fifth wave about to start, potentially pushing the price up to $18 in the future.
Based on technical analysis, since the bottom formed after the collapse of the Terra ecosystem in 2022, XRP has developed a typical five-wave Elliott wave structure. Currently, the price is nearing the end of correction wave 4, suggesting that the next upward move—the fifth wave—may soon unfold. Analyst Dark Defender stated in a recent report that if wave 4 has already ended, XRP could experience a significant rebound.
Historical data shows that Wave 1 started with XRP bouncing from a low of $0.28 in June 2022 to a high of $0.93 in July 2023; Wave 2 then retraced to $0.38 in July 2024; Wave 3 rebounded to a high of $3.4 in January 2025. The current Wave 4 formed an ABC correction pattern, with the price reaching a high of $3.66 in July 2025 before falling back to around $1.4, which may mark the end of Wave 4.
Dark Defender pointed out that once Wave 5 begins, XRP’s first potential target is $1.88, aligning with the 161.8% Fibonacci extension level; next, it could reach a new all-time high of $5.86, corresponding to the 261.8% Fibonacci extension. The ultimate target is near $18.22, close to the 361.8% Fibonacci extension. Starting from the current price of $1.45, Wave 5 could imply a potential increase of up to 1156%.
Overall, as Wave 5 approaches, XRP is expected to regain market attention. Analysts advise investors to monitor key support and resistance levels while remaining cautious of market volatility risks. Amid steady performance from Bitcoin and other major cryptocurrencies, this potential XRP rebound could attract significant attention and capital inflows, offering new opportunities for investors.
Market participants will closely watch XRP’s price movements and Fibonacci extension levels for guidance on the timing and strength of Wave 5 initiation.
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