Crypto analyst Dark Defender released a monthly XRP/USD chart, projecting a potential price target of $140.12 for XRP. The projection uses Elliott Wave theory alongside Fibonacci extensions,
Crypto analyst Dark Defender released a monthly XRP/USD chart, projecting a potential price target of $140.12 for XRP. The projection uses Elliott Wave theory alongside Fibonacci extensions, outlining a multi-year roadmap for the digital asset.
According to Dark Defender, XRP trades around $1.54 and is nearing the end of a significant corrective phase. The analyst identified a completed five-wave corrective pattern, labeled (1) to (5), which concludes where wave (5) and a larger wave (2) overlap.
Dark Defender highlighted that the monthly RSI is approaching a bullish crossover, further supporting the case for an imminent upward move. With this technical backdrop, the analyst suggests that once the larger wave (2) correction finishes, a powerful wave (3) advance could push XRP to the 200% Fibonacci extension at $34.83. This would be followed by a pullback in wave (4) and an additional rally in wave (5) targeting the 261.8% extension and the ambitious $140.12 mark.
Dark Defender expressed strong conviction in the potential for a parabolic XRP rally, emphasizing that they have locked into XRP and believe the sharp upward move is inevitable in the near future.
The overall forecast spans through 2029, with the key technical zones playing crucial roles for traders and market observers alike.
Several Fibonacci levels stand out on the analyst’s chart. The 161.8% extension is positioned at $14.73, while the 361.8% and 427.2% extensions are marked at $7.08 and $10.11 respectively. These extensions define important areas that may attract buyers or sellers, especially during the expected retracement from wave (3) to wave (5).
Technical watchers can monitor these levels for potential interactions, as the market structure evolves over the coming years and as new price action unfolds. Tracking these Fibonacci areas provides actionable zones for both shorter- and longer-term participants.
Given the volatility and rapid swings in the digital asset sector, closely observing not just price levels but also investor choices and the timing of their actions is vital. In the meme token segment, new internet trends have seen small investments turn into significant profits within days, as illustrated by Fomo App’s data. For example, a trader converted an initial $99 into roughly $370,000 through the meme token “Niu Lai.” Platforms like Fomo App now combine discovery tools, live trading features, social feeds, and investor rankings, underscoring the growing importance of market monitoring for both mainstream and emerging tokens.
Following Dark Defender’s post, community responses varied. Some users commented that XRP is approaching a decisive zone that could influence price action in the coming months. They noted that a monthly close above key resistance, especially with strong volume, would strengthen the bullish outlook significantly.
Others echoed confidence in Dark Defender’s expertise, encouraging market participants to remain patient and share that optimism. However, some critics pointed out that similar parabolic projections for XRP have circulated for several years, yet the anticipated move has not materialized.
A community member emphasized that confirmation from a monthly close above key resistance would represent a significant shift in XRP’s chart and outlook.
Dark Defender’s outlook relies heavily on the accurate identification of the current corrective low as the completion of wave (2) in the larger structure. With XRP still trading well below its initial Fibonacci targets, the analysis suggests that any future rally will need to break through multiple resistance levels for the long-term projections to play out.
In the meantime, traders continue to evaluate whether the projected wave (3) advance will catalyze a lasting parabolic phase for XRP or if further corrections lie ahead before any major move upward.
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