Crypto analyst Dark Defender has released a long-term technical outlook for XRP, focusing on price patterns spanning from 2013 to 2033. The analysis centers on a completed cup and handle form
Crypto analyst Dark Defender has released a long-term technical outlook for XRP, focusing on price patterns spanning from 2013 to 2033. The analysis centers on a completed cup and handle formation on the 3-month XRP chart, which the analyst describes as one of the largest such structures seen in the cryptocurrency sector.
According to Dark Defender, the cup formation took shape starting in 2017, with a prolonged bottom forming from 2019 to 2023. This structure, he says, resolves near resistance levels between $1.55 and $3.66, highlighted as the critical zone where the handle emerges. Recent market movements are identified as tracing out this handle component, indicating to the analyst that the technical pattern has reached completion.
Dark Defender is an independent crypto chart analyst recognized for his in-depth pattern recognition and use of Fibonacci tools in forecasting digital asset prices, particularly for XRP. He uses technical indicators and historical chart patterns as the foundation for his price projections.
He refers to the current situation as the largest cup and handle ever completed in the crypto market, shifting attention toward possible price trajectories following the breakout.
Dark Defender states that his multi-year projections are based on metrics such as the tokenized asset base, circulating supply velocity, XRP’s share of collateral, collateral ratio, Fibonacci time zones, and price patterns. He notes, “I see $750–$1,000 these days. This is great. Psychological readiness is here.”
The published chart includes several Fibonacci extension levels as potential resistance points. The initial target is the 161.80% extension at $1.8815. Subsequent levels are mapped to 361.80% at $18.2275, followed by 141.40% at $74.3956, and another 161.80% extension at $333.1167. The highest target shown on his chart is $5,517.1817, aligning with a 200% Fibonacci extension.
Target Fibonacci Level Price ($) First 161.80% 1.8815 Second 361.80% 18.2275 Third 141.40% 74.3956 Fourth 161.80% 333.1167 Fifth 200% 5,517.1817While his previous forecasts in 2021 covered four- and five-digit territory, Dark Defender now regards $750 to $1,000 as more realistic interim goals for XRP, suggesting that larger upside may remain achievable in the longer term.
The analyst describes the recent handle formation as a key technical trigger, potentially paving the way for a new price surge if current support zones hold. He suggests that the momentum generated by completing this pattern, combined with supporting technicals like RSI and Fibonacci levels, sets the stage for a substantial bull run.
A green arrow on the forecast chart signals an upward trajectory, plotting potential resistance points at each extension level up to the multi-thousand dollar range. Dark Defender has stressed that these patterns are historically significant and rarely completed on such a large scale.
The cup and handle structure is described by the analyst as the most significant he has tracked for XRP, with the next move expected to be highly impactful for the token.
XRP, the native digital asset of Ripple Labs, is often used for cross-border payments and international settlements. The asset remains in focus among technical analysts who actively track its chart patterns and price potential.
Mini dictionary: Fibonacci extension, a technical analysis tool used to project future price levels following significant moves, often applied to identify potential areas of support and resistance based on mathematical ratios derived from the Fibonacci sequence.
Dark Defender concludes that completion of the pattern carries major implications, but also emphasizes the importance of “psychological readiness” and market conditions for targets to be reached.
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