Crypto analyst Dark Defender has issued a new long-term projection for XRP, claiming the asset has entered what he refers to as “Grand Wave 3” in its ongoing market cycle. He shared an update
Crypto analyst Dark Defender has issued a new long-term projection for XRP, claiming the asset has entered what he refers to as “Grand Wave 3” in its ongoing market cycle. He shared an updated monthly chart that outlines several stages of anticipated price expansion, beginning at levels significantly higher than XRP’s current trading price.
According to Dark Defender’s latest technical analysis, a move between $5.85 and $8.50 should be seen as the start of a larger advance, not the conclusion. He wrote, “Grand Wave 3 is in motion. $5.85–$8.50 is not the destination. It is the opening act for XRP. Follow the North Star.”
Grand Wave 3 is in motion. $5.85–$8.50 is not the destination. It is the opening act for XRP. Follow the North Star.
The accompanying chart utilizes Elliott Wave principles to illustrate price waves stretching from prior market lows into what the analyst sees as a multi-year advance. The chart indicates that XRP may have completed an earlier corrective phase and could now be moving into a new impulsive wave.
Mini dictionary: Elliott Wave – A form of technical analysis that identifies recurring wave patterns and trends in financial markets, commonly used to forecast future price movements in cryptocurrencies and stocks.
Several Fibonacci extension levels are noted on the chart as potential future targets, should the projected pattern continue as outlined. The initial key zone is between $5.85 and $8.50. Successive waves could extend toward approximately $18, $35, $74, and above $140, each dependent on the momentum and progression of previous stages. However, the analysis makes clear these are phased developments, not a single immediate surge.
StageProjected Target (USD)Initial advance5.85 – 8.50Secondary extension18Further wave35Advanced wave74Long-term maximum140+The chart identifies a recent corrective wave ending near the current price zone, which the analyst considers a possible springboard for a major breakout. However, all targets presented are grounded in technical analysis and are not confirmations of future price action.
The projection has generated a wide range of responses from within the XRP community. Some voices, such as the user Withered Rose, asked whether it is practical to predict targets above $5 when XRP has yet to reclaim $1.50. Others voiced doubts that XRP would ever reach $5, warning the asset could decline further instead.
Conversely, community member Lottie Bell described the project as still in its early days and stated that XRP’s actual value will ultimately depend on future adoption and the expansion of its ecosystem. She added that patience may be necessary as the digital asset develops real-world utility.
Dark Defender has published a series of technical analyses lasting several years, consistently maintaining that XRP is positioned for a larger trend despite ongoing volatility in the broader digital asset market. XRP is the native digital currency of the Ripple payment protocol, which is designed to enable fast, low-cost international money transfers.
Mini dictionary: Ripple – A technology company specializing in global payment solutions. Ripple developed the XRP Ledger and the XRP token for cross-border transactions by financial institutions.
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