Ripple (XRP) Price Prediction: The Ichimoku Cloud indicates a potential major bullish trend.

According to Gate news and Bitcoinist, the weekly chart of Ripple (XRP) provided by crypto analyst Dark Defender indicates that as the crypto assets approach the apex of a descending triangle pattern, a significant bullish trend could be initiated. After months of consolidation, the XRP price is currently testing the upper band of this pattern, with both the price structure and technical indicators showing signs of a rise.

A key technical factor in the overview of Dark Defender is the interaction of XRP with the Ichimoku Cloud technical indicator. Recently, the price of XRP has begun to break through the lower edge of the green cloud – historically, this trend indicates a bullish trend reversal when confirmed by other technical signals.

The chart also shows that XRP maintains a circular cup shape, which began after the previous corrective structure ABC. This cup shape reinforces the bullish expectations for this Crypto Asset and suggests accumulation over the past few months. As this cup shape approaches completion, XRP is also forming the second wave in the Elliott five-wave impulse sequence.

(Source: X)

If the price of this altcoin can strongly break through the resistance levels of $2.19, $2.22, and $2.33, Dark Defender predicts that the next round of pump may begin immediately, targeting the 161.8% Fibonacci extension level of $3.61. This would mark a significant shift in market structure, confirming that the long-term consolidation phase of XRP may be coming to an end and bullish momentum may resume.

Interestingly, Dark Defender pointed out that June and July are expected to be the "hot" periods for XRP. Analysts are closely watching for breakout signs during these months, mainly because XRP's trading price is slightly above the long-term support level of $2.07 to $1.88. These levels have remained strong during the recent decline and are in line with the 26.3% Fibonacci retracement level from the previous cycle.

The road to $5.85 has been opened

If XRP rebounds to $3.61, Dark Defender predicts that the next phase of Elliott Waves indicates XRP may further surge, potentially reaching the 261.8% Fibonacci extension level around $5.85. This price area has now become an important upside target in the current forecast, representing the top of a potential 3-4-5 wave structure.

The analyst's chart shows that the third wave in the five-wave impulse structure is extending towards the initial target of $3.61. Once this wave is complete, a short-term pullback is expected in the fourth wave, which may form a healthy correction before the final rise. The anticipated fifth wave is expected to take a parabolic trend, potentially pushing the XRP price to a new high of around $5.85.

(Source: Trading View)