XRP Hasn’t Entered A Bear Market Yet; Analyst Shares Why

Overview

Crypto analyst Dark Defender remains optimistic about XRP, asserting that the cryptocurrency is not in a bear market despite its current downtrend. The analyst’s position centers on the belief that XRP is experiencing a temporary phase within a larger bullish trend, suggesting a potential for significant price increases in the future.

Current Market Analysis

Dark Defender, a prominent supporter of XRP, has articulated that the current decline in XRP’s price is not indicative of a bear market. Instead, it is attributed to the cryptocurrency entering Wave 4 of the Elliott Wave theory. This wave is traditionally seen as a bearish phase, which explains the rapid decrease in XRP’s price. However, Dark Defender clarifies that this Wave 4 has been in effect since February 2025, meaning it has been ongoing for some time and needs to complete its cycle before the subsequent wave can commence.

According to this analysis, the final wave of the Elliott Wave theory is anticipated to be the most bullish. Dark Defender encourages XRP investors to remain calm and patient, as the current price movements align with the expected pattern. The target price suggested by the analyst is notably higher than the previous all-time high, indicating a potential upward trajectory.

In addition to Dark Defender’s insights, another analyst known as STEPH IS CRYPTO supports the notion that XRP is not in a bear market. This analyst highlights a bullish divergence in the Relative Strength Index (RSI) on the daily chart for XRP. This occurrence is rare and has historically preceded significant price increases, as seen in 2022 when a similar pattern led to a rapid price rise after distribution.

The identification of a bullish divergence suggests that selling pressure may be diminishing, indicating a possible bottoming out of the price. While there are no specific targets mentioned for XRP’s future price, the emergence of this technical signal implies that a rally could be forthcoming.

From author

The ongoing discussions among analysts regarding XRP’s market position underscore the importance of technical indicators in cryptocurrency trading. The reliance on Elliott Wave theory and RSI patterns reflects a broader trend within the crypto community to seek patterns and signals that could inform investment strategies. As the market experiences fluctuations, it is crucial for investors to remain informed and consider multiple perspectives before making decisions.

Impact on the crypto market

• Analysts are asserting that XRP is not in a bear market, which could influence investor sentiment positively.
• The identification of Wave 4 in the Elliott Wave theory suggests a potential for a bullish reversal in the future.
• The bullish divergence in the RSI may indicate decreasing selling pressure, potentially leading to a price rally.
• Optimism around XRP’s price targets could encourage more investors to enter the market, impacting overall liquidity.
• Continued analysis and predictions from reputable analysts can shape market expectations and influence trading strategies among investors.