XRP analyst Dark Defender has outlined a bullish technical scenario for the cryptocurrency, projecting that XRP could be set for a significant upward move if it maintains critical support levels.
Technical setup and price action
In his latest analysis, Dark Defender noted that XRP completed what he called a “triple dip” on the weekly chart. After this pattern, XRP delivered the surge he had been anticipating, aligning with his technical expectations for the asset.
Dark Defender’s analysis follows an Elliott Wave structure on the weekly timeframe, tracing XRP’s movement through a series of distinct price waves. At present, he views the current position as wave (4), which comes after the previous upswing labeled as wave (3).
According to his published chart, XRP is currently trading around $1.07, with the $1 mark identified as a crucial support level. The setup also highlights the 85.40% Fibonacci retracement at $0.79 and the 100% level near $0.93 as important technical zones for XRP to hold above.
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AAPLStaying above these Fibonacci levels, in Dark Defender’s view, is essential for maintaining the positive structure on the higher timeframes.
Mini dictionary: Elliott Wave structure, a charting technique used in technical analysis that visualizes price movements as a series of repetitive waves, often used to forecast market trends.
After a triple dip on the weekly chart, XRP produced the surge I expected, and the road to double digits is now on track with first targets at $5.85 and $9 and $1 holding as support.
$5.85 and $9 as upside targets
The key takeaway from Dark Defender’s outlook is his identification of $5.85 and $9 as the immediate upside price targets for XRP. While the 261.8% Fibonacci extension level is located near $5.85, the 300% extension points to $9.04. These milestones, he stated, are the primary goals in XRP’s potential journey toward higher price zones.
Intermediate technical resistance levels at $1.88 and $2.90 also feature in his analysis and could play a role if XRP continues its upward momentum from its current levels.
| Fibonacci Level | Price | Role |
|---|---|---|
| 85.40% | $0.79 | Support |
| 100% | $0.93 | Support |
| Key Support | $1.00 | Main Support |
| Intermediate | $1.88, $2.90 | Targets if rally continues |
| 261.8% | $5.85 | Main Target |
| 300% | $9.04 | Upper Target |
The chart also includes the weekly Relative Strength Index (RSI), which is currently less elevated compared to previous strong XRP rallies. Dark Defender incorporates this momentum indicator to reinforce his case for a possible further recovery.
The current price pattern shows the $1 zone as a base and highlights the path ahead for XRP, with technical resistance and Fibonacci extensions marking important milestones to watch.
Mixed reactions in the community
Dark Defender’s prediction sparked debate among XRP holders. Some users on X questioned the magnitude of the price targets, suggesting moves in XRP are closely tied to Bitcoin‘s broader market behavior. Skepticism also emerged regarding the focus on double-digit projections following what some see as only modest market gains.
Other community members stressed that XRP’s price has not met expectations for an extended period, with one user mentioning they now check the asset’s price infrequently due to its prolonged sideways movement.
Nevertheless, Dark Defender maintains his bullish technical outlook, with $1 as the critical level to watch as XRP attempts to reach $5.85 and $9.
