XRP has continued to maintain key support levels, according to an analysis by Dark Defender, a widely followed crypto analyst known for technical market breakdowns. The latest observations from Dark Defender point to a bullish setup, suggesting the start of a strong upward move for XRP.
Key price levels and technical overview
At the time of Dark Defender’s analysis, XRP was trading near $1.49, having reached a weekly high of $1.70. He identified this area as a critical support and resistance zone, anchored by Fibonacci retracement points at 70.20% ($1.4445) and 85.40% ($1.5692). The price action approached these support bands before attempting a bounce.
Dark Defender mapped out the Elliott Wave structure, labeling a completed five-wave corrective phase, with the fifth and final wave bottoming near $0.99. The late August breakout, forming Wave (1) of a new sequence, peaked around $1.69. This was followed by Wave (2), which retraced to $1.38, setting the stage for the current push higher into Wave (3).
In his assessment, Dark Defender stated that the corrective period is over and emphasized,
“This is a Bullish Break, and we can expect the Surge any time now.”
The technical model highlights four major Fibonacci extension levels as potential upward price targets. These sit at 161.80% ($1.8815), 200% ($2.9032), and the maximum projection at 261.80% ($4.1043).
Mini dictionary: Dark Defender — a pseudonymous cryptocurrency market analyst known for providing technical analysis and chart-based predictions, particularly for XRP.
| Fibonacci Level | Price Target |
|---|---|
| 70.20% | $1.4445 |
| 85.40% | $1.5692 |
| 161.80% | $1.8815 |
| 200% | $2.9032 |
| 261.80% | $4.1043 |
RSI backs the bullish scenario
The Relative Strength Index (RSI) provides further confirmation for the bullish thesis. During the corrective decline, the weekly RSI fell to relatively low values but has since started to climb, now registering 54.92 and 43.47 on its respective lines. This upward momentum in the RSI, paired with price breaking higher, supports the case for a continued uptrend.
Historical behavior in the Elliott Wave structure suggests that Wave (3) often yields the strongest impulse move. The latest technical arrangement, with the price moving above the previous base and momentum indicators rising, aligns with this pattern.
Support respect and outlook
Dark Defender highlighted that XRP respected key support and resistance zones, particularly around $1.4445, and began its latest upward move from this level. According to his analysis, if the current wave sequence continues as anticipated, the price of XRP could reach a new all-time high at $4.1043.
XRP respected support and resistance levels, with price holding $1.4445 before the push upward, reinforcing the outlined technical structure and upward potential.
The analysis by Dark Defender remains bullish as XRP shows both technical strength at crucial support and rising momentum indicators, with defined targets reaching as high as $4.1043 in the current cycle.
