XRP price rebounded from the key $1.88 support level after slipping below $2.00, though analysts remain confident about the potential for a 200% rally.
By Bhushan Akolkar
Editor Hamza Tariq
Updated
2 mins read
Ripple’s native cryptocurrency XRP XRP $1.94 24h volatility: 0.6% Market cap: $117.33 B Vol. 24h: $3.89 B has lost the crucial support at $2.0 amid the broader crypto market correction, while extending its monthly losses to 14%.
However, the XRP price has bounced back from the next support at $1.88, last seen on November 22. Popular analyst Dark Defender stated that this is a critical area for the Ripple cryptocurrency, and a bounce could lead to an upside at $5.85.
XRP hit $1.8815 and bounced 🎯
It was broken in December last year.
And we have seen many touches on it.
XRP completed the C Wave with 5 Sub-waves.
The decision is yours ♥️ pic.twitter.com/Ln70zopPyA
— Dark Defender (@DefendDark) December 16, 2025
Crypto analyst Dark Defender, who previously anticipated XRP’s decline to the $1.88 level, has outlined a new bullish price target of $5.85. The analyst uses the popular Elliot Wave structure to defend his analysis.
The analyst noted that the XRP price has completed Wave 4 of its broader Elliott Wave cycle and is positioned to enter Wave 5. As per Dark Defender, this could potentially drive a rally of 200% from the current levels.
Dark Defender said he has been tracking XRP’s Wave 4 correction since February 13, 2025. In his analysis, Wave A completed near $1.60 in April, followed by Wave B topping around $3.66 in July.
The final corrective leg, Wave C, reached $1.88, which he now considers the confirmed bottom of the monthly Wave 4 structure.
The analyst highlighted a key support zone between $2.22 and $1.88, noting that XRP briefly traded within this range before bouncing higher.
Using Elliott Wave theory and Fibonacci retracement levels, Dark Defender said the Wave 4 pullback closely aligned with the 70.2% Fibonacci level.
Ripple’s native cryptocurrency, XRP, has been leading broader market momentum. During last week’s crypto inflows, XRP ranked second only to Bitcoin BTC $87 664 24h volatility: 0.7% Market cap: $1.75 T Vol. 24h: $55.31 B , recording $245 million in net inflows.
On the other hand, inflows into spot XRP ETF have finally hit the $1 billion milestone, with Canary Capital leading at $376 million, as per data from SoSoValue.
U.S. spot XRP ETFs have recorded 30 consecutive days of net inflows since their launch, even as Bitcoin and Ethereum ETFs continue to face persistent outflows.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.