Technical analyst Dark Defender has drawn new attention to XRP’s price outlook, sharing a detailed long-term chart and expressing confidence in the cryptocurrency’s potential for substantial
Technical analyst Dark Defender has drawn new attention to XRP’s price outlook, sharing a detailed long-term chart and expressing confidence in the cryptocurrency’s potential for substantial gains.
Posting his latest chart on X, Dark Defender highlighted multi-year technical developments in XRP, focusing on the asset’s apparent resilience despite prevailing market headwinds. He emphasized his perspective with the comment, “The chart speaks. XRP is inevitable,” underscoring his belief that the technical structure remains supportive of an upward move over the years ahead.
The daily and monthly charts, as presented by the analyst, trace XRP’s price cycles with an Elliott Wave interpretation. According to this analysis, the altcoin has completed a significant corrective phase and is now positioned for a potential long-term advance.
Key elements of the technical overview include an ABC corrective wave structure seen as finished, followed by anticipation of an impulsive five-wave rise. The analyst identified the $1 mark as a crucial support region and outlined a series of Fibonacci extension targets.
The chart details the 161.8% Fibonacci extension near $1.88, the 200% mark around $2.90, the 261.8% level at $5.86, a 300% extension at $9.03, and an ambitious target of $18.23 for the 361.8% extension, should the projected wave structure unfold successfully.
Dark Defender’s chart also highlighted a rounded base formation spanning several years, suggesting a prolonged accumulation period for XRP leading up to a possible sustained rally. The technical path expects intermittent volatility, yet outlines a broader bullish trajectory through the full Elliott Wave count.
The post quickly sparked discussion within the XRP community. Commenters shared optimism about the asset’s future while acknowledging the ongoing patience required of long-term holders. For example, SKIXSKIS remarked that their involvement with $XRP dates back to 2016, noting hopes that the “inevitable” upward move will materialize sooner rather than later, reflecting the anticipation of many veteran investors. Another user, Jack J, expressed confidence in the analyst’s roadmap, stating his belief in the potential for the projected movements to play out over time.
While the analysis is grounded in technical indicators and long-term price structures, the realization of proposed targets ultimately depends on wider market dynamics, investor attitudes, and industry developments.
As technical observers continue to track pivotal support and resistance levels, tools that streamline crypto market monitoring are gaining interest among investors. CryptoAppsy, which requires no account creation hassle, combines investment tracking, real-time prices, multi-currency portfolio management, detailed charts, smart price alerts, customized news feeds, and instant discovery of newly listed altcoins—all on a single screen. By providing timely macroeconomic data such as Fed interest rates, the application lets users closely track technical breakouts and stay prepared for market opportunities.
Despite enthusiastic community engagement and compelling chart analysis, market participants remain aware that any price projections involve uncertainty. Technical frameworks such as Elliott Wave are popular for forecasting trends, but broader sentiment and macro factors can heavily influence outcomes.
The post Dark Defender projects $18 target for XRP using Elliott Wave analysis appeared first on COINTURK NEWS.
