Dragon Evolution Form IV is the 37th rank in the game. It costs 4.00NV coins and gives an x1.5M ninjitsu multiplier. The cost is 2.60NV coins if the player owns the Masterful Wrath Element and the Blazing Entity Element. Equipping this rank will emit a purple aura and black flames around the player's torso, hands and legs, and black lightning particles around the torso.
The Dragon Evolution Form V rank can be unlocked upon purchasing this rank.