XRP has attracted renewed attention after the analyst Dark Defender outlined an ambitious technical outlook, emphasizing that a daily close above $1.5692 could unlock further price expansion toward $2.90 and $4.11. The analyst described this level as the gateway for an upward move that, if maintained, may allow momentum to build rapidly into higher resistance clusters.
Focus on key price levels
Dark Defender first presented this price structure on August 3, 2024, projecting a Wave 1 top at $3.3939. That milestone was reached, which forms the basis of the current argument: with the first impulse complete, the technical structure now aligns for a larger Wave 3 phase.
The overarching target for this third wave stands noticeably higher at $36. In the context of Elliott Wave analysis, third waves are often the largest moves in an impulse sequence, so long-term followers view this $36 level as a cycle objective rather than an immediate forecast.
Dark Defender highlighted that trading volume now resembles the pattern seen prior to Wave 1’s rise. In addition, the analyst noted ongoing anticipation regarding a forthcoming Nasdaq-related event that could factor into broader market sentiment.
A daily close above $1.5692 sets the stage for rapid expansion. Without achieving this level, the upside scenario remains purely theoretical; $2.90, $4.11, and $36 outline the pathway only if market momentum confirms the move.
Currently, the most important near-term marker remains a sustained daily close above $1.5692, with $2.90 and $4.11 as the subsequent waypoints should bullish momentum hold.
Market context and skepticism
Skepticism among traders is considered reasonable, given that any move to $36 would represent a significant repricing for $XRP and not just a routine chart pattern. While some traders express enthusiasm following the analyst’s prior track record—having accurately predicted the Wave 1 target—many emphasize the need for market confirmation before assigning weight to the longer-range objectives.
XRP remains positioned between the conclusion of its initial impulse and the potential emergence of a third wave expansion. This transition keeps the focus on short-term confirmations, rather than distant cycle targets at this stage.
Analysts stress that the market, not projections, will ultimately determine whether these targets are reached. Until a daily close above $1.5692 unfolds, higher milestones remain speculative.
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Ultimately, attention returns to the $1.57 mark as the current critical level for XRP. Achieving this daily close remains the first confirmation that may open the door to higher technical targets.
