XRP could be on the verge of a significant move if it repeats a previous price pattern, according to technical analyst Dark Defender, who shared his insights with over 100,000 followers on social media.
Historical patterns and key levels
In his latest post, Dark Defender presented a 10-day chart comparing XRP’s current structure to its past surge, when the cryptocurrency rallied from approximately $0.50 to its all-time high of $3.65 before entering a lengthy corrective cycle. The analyst identified “Targets: $5.85, $9” and “Supports: $1.30, $1.13,” suggesting these as the critical levels if the pattern recurs. At present, XRP is trading close to $1.51 after rebounding from the $1 region.
If the historical pattern can repeat, XRP could target $5.85 and even $9, with key supports at $1.30 and $1.13 as it follows the same wave structure that previously led to a major rally.
The chart highlights a completed series of five declining waves leading into a reversal zone marked by a green circle, which aligns with traditional Elliott Wave analysis. XRP’s movement through these cycles is a pattern often watched by technical traders as an indicator of potential trend changes.
Dark Defender is a popular pseudonymous market analyst focused on XRP, known for blending technical analysis with historical chart comparisons.
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AAPLMini dictionary: Elliott Wave theory, a form of technical analysis aiming to predict market cycles by identifying repeating wave patterns in prices.
Technical indicators and market context
Recent gains lifted XRP above the $1.30 area recognized as a crucial support. The 23.60% Fibonacci retracement, which sits near $1.12, lines up with the second support level mentioned by Dark Defender. These technical markers serve as checkpoints for both bullish and bearish price action in the near term.
The chart includes several additional Fibonacci levels between current prices and the proposed targets. Key intermediate resistance points appear near $1.57, $1.88, $2.38, and $2.90. If XRP climbs through these zones, traders could look toward the major Fibonacci extensions at $5.8563 (261.80%) and $7.0786 (361.80%). Dark Defender’s target of $9 lies beyond the visible Fibonacci extensions but is highlighted as a potential upside range.
| Price Level | Type | Significance |
|---|---|---|
| $1.13 | Support | Near 23.60% Fibonacci level |
| $1.30 | Support | Recent recovery point |
| $1.57, $1.88, $2.38, $2.90 | Resistance | Intermediate targets |
| $5.85 | Target | 261.80% Fibonacci extension |
| $7.08 | Target | 361.80% Fibonacci extension |
| $9.00 | Target | Extended bullish zone |
Another indicator, the Relative Strength Index (RSI), climbed from historically oversold levels up to around 52, while the moving average for RSI remains near 36. The jump in RSI reflects momentum returning to bullish territory as price recovers.
XRP’s outlook remains technical
While historical patterns suggest upside potential, traders are closely watching XRP’s movement around the noted support and resistance levels. Price action breaking above or below these markers may provide clues for the next large-scale trend.
No specific timeline was mentioned by Dark Defender for reaching the target levels, and the analysis does not constitute investment advice. XRP continues to be a top ten digital asset by market capitalization, favored by traders for its volatility and reaction to technical chart patterns.
XRP’s price outlook remains tied to technical factors, with traders observing wave counts, Fibonacci extensions, and RSI movement for confirmation of a possible bullish breakout.
