XRP has held its key support levels. Crypto analyst Dark Defender (@DefendDark) took notice and shared his technical read on what’s next. His assessment is bullish, and his chart lays out a c
XRP has held its key support levels. Crypto analyst Dark Defender (@DefendDark) took notice and shared his technical read on what’s next. His assessment is bullish, and his chart lays out a clear price roadmap with multiple upside targets extending well above current levels.
XRP was trading near $1.4899 at the time of the chart, with a weekly high of $1.6992. Dark Defender identified this zone as critical, with Fibonacci levels at 70.20% ($1.4445) and 85.40% ($1.5692) acting as the immediate range. The current price sits right at that support band.
The Elliott Wave Structure
Dark Defender’s chart labels a completed five-wave corrective structure. Wave (5) bottomed near $0.9852. XRP’s late August breakout formed Wave (1) of a new sequence. This move topped near $1.69. Wave (2) pulled back to approximately $1.38 before the current move higher began.
This structure suggests the corrective phase is over. The analyst posted: “This is a Bullish Break, and we can expect the Surge any time now.” The chart confirms XRP is now pushing above the recent base and entering Wave (3) of the Elliott Wave sequence. Historically, this is the strongest impulse move in any sequence.
Dark Defender’s chart maps out four Fibonacci extension levels above the current price. The 161.80% level sits at $1.8815. Above that, the 200% extension lands at $2.9032. The 261.80% extension, the highest target on the chart, projects to $4.1043.
RSI Confirmation
The RSI panel at the bottom of the chart adds weight to the technical case. The weekly RSI had been depressed throughout the corrective decline. It now reads 54.92 and 43.47 on the signal line. The RSI is rising with the price. That combination, price breaking higher with momentum building rather than fading, supports the bullish read on the chart.
XRP Respected the Levels
Dark Defender stated: “XRP respected our support & resistance levels.” The chart shows that the price held the $1.4445 zone before mounting its current push higher. That behavior reinforces the technical structure he has been tracking.
The setup now has the price above the corrective base, the RSI climbing, and Fibonacci targets stacked above. Dark Defender’s analysis puts a new all-time high of $4.1043 as the extended target if the wave sequence plays out as charted.
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The post Dark Defender to XRP Traders: We Can Expect the Surge Any Time Now. Here’s why appeared first on Times Tabloid.