Crypto analyst Dark Defender (@DefendDark) believes XRP may be approaching another major breakout. He says the asset is revisiting a market structure that closely resembles the setup that pre
Crypto analyst Dark Defender (@DefendDark) believes XRP may be approaching another major breakout. He says the asset is revisiting a market structure that closely resembles the setup that preceded its explosive move in late 2024 and early 2025.
In a recent post, the analyst reminded followers that “XRP was at 56 Cents 2 years ago” before completing what he described as a textbook bullish structure.
According to Dark Defender, that pattern ultimately reached its full target at $3.66, the asset’s all-time high. With XRP now trading around $1.10, he argues that the market could be positioning for a similar move.
#XRP was at 56 Cents 2 years ago.We hit 100% of this textbook structure at $3.66.
XRP is $1.10 now. All the time frames are oversold.Double and triple digits are closer than you could ever imagine. (NFA)
And you know the targets. https://t.co/968wnU0VJ0
— Dark Defender (@DefendDark) June 6, 2026
The chart shared by Dark Defender originally came from 2024. At the time, it outlined an Elliott Wave-style structure developing within a symmetrical triangle. The projection showed XRP completing a five-wave advance after breaking through key resistance levels.
The chart also highlighted a 161.8% Fibonacci extension target near $1.88. XRP eventually exceeded that level during its powerful rally. The token surged above $3 in January 2025 before reaching its all-time high in July.
That performance effectively validated the bullish path shown on the chart. What appeared to be an ambitious projection in 2024 ultimately became reality as XRP moved well beyond the key resistance zones identified in the analysis.
Dark Defender now believes XRP has returned to a comparable technical position. He highlighted the similarity between current price action and the conditions that existed before the last breakout. He pointed to momentum indicators as part of the setup, stating that “All the time frames are oversold.”
The analyst also highlighted how far XRP has already come from the levels shown in the original chart. He noted that the previous structure achieved its objective at $3.66 before adding that “Double and triple digits are closer than you could ever imagine.”
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His analysis suggests that the digital asset’s recent pullback could represent a corrective phase within a larger bullish trend. In the original projection, a correction completed before a powerful third wave carried XRP sharply higher. Dark Defender appears to believe the market could be preparing for a similar sequence.
The key takeaway from Dark Defender’s analysis is that he views the current market structure as a potential repeat of the setup that preceded XRP’s rally from below $1 to above $3.
His longer-term outlook remains aggressive. Dark Defender has previously identified $5.85 as a major upside target. He has also pointed to $18.22 as a potential destination during a larger bullish cycle.
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