Crypto analyst Dark Defender has reiterated a long-term bullish projection for XRP, suggesting that the token could advance as high as $10.1101 if it successfully completes its current correction and enters a new upward phase.
XRP’s Elliott Wave Structure and Price Targets
Dark Defender, a well-followed figure in the cryptocurrency technical analysis community, referenced an Elliott Wave structure he has been tracking since early September. According to his ongoing analysis, XRP has completed Wave 1 and now appears close to finishing Wave 2 in the broader corrective phase.
He maintains a five-day chart that outlines a potential path for XRP to move towards $10.1101, with the next significant step being the launch of Wave 3. However, he emphasized that this scenario depends on XRP confirming the end of the correction and breaking through key resistance levels along the way.
“Wave 1 is complete, Wave 2 will be complete, and XRP will target Wave 3,” Dark Defender commented, noting that his outlook remains unchanged as long as the technical structure holds.
The analyst has referenced earlier analysis from September 12, in which he detailed specific support and resistance areas he is watching throughout this recovery attempt.
XRP Faces Resistance at $1.4445
On his four-hour chart, Dark Defender marks $1.33 as a major support zone and $1.4445 as the immediate resistance. In previous trading sessions, XRP rebounded from the $1.33 support but was pushed back at $1.4445, a move the analyst described as expected given the strength of the descending resistance line.
Despite this rejection at resistance, Dark Defender has upheld a bullish perspective, explaining that such setbacks often occur before a decisive breakout can be attempted.
He also pointed to $1.3798, which aligns with the 61.8% Fibonacci retracement, as a crucial level. A sustained move above this threshold could improve XRP’s recovery prospects, while a close above $1.4445 on the four-hour chart would further validate a potential breakout.
A failure to hold $1.33 support, however, could result in a renewed correction, exposing the token to downside targets at $1.2939 and $1.2133.
| Level | Type | Implication |
|---|---|---|
| $1.33 | Support | Bounce or potential for further drop |
| $1.3798 | Fibonacci level | Critical threshold for recovery |
| $1.4445 | Resistance | Breakout confirmation if reclaimed |
Indicators Suggest Building Momentum
Dark Defender also analyzed technical indicators including the Relative Strength Index (RSI) and the Ichimoku Cloud to better assess short-term price momentum for XRP.
His previous update showed the four-hour RSI rising to 46.65, moving above its signal line at 39.41, which he interpreted as an early sign of strengthening bullish momentum. However, he cautioned that the Ichimoku Cloud signaled ongoing overhead resistance, particularly in the $1.42 region.
The combination of a rising RSI and persistent resistance suggests that XRP’s recovery may have improved, but buyers will need to push through technical obstacles for a sustainable move higher.
Mini dictionary: The Relative Strength Index (RSI) is a technical indicator used to measure the speed and change of price movements, typically indicating overbought or oversold conditions. The Ichimoku Cloud is a charting system that identifies support and resistance and gives insight into trend strength and momentum.
Path to $10.11 Remains Conditional
On a longer timeframe, Dark Defender projects that if XRP completes its current correction, the next phase (Wave 3) could push the price as high as $7.0786. Following this, further technical progress could see XRP attempt the $10.1101 target he has maintained since September.
He also identifies $1.8815 as a significant level to reclaim in order to solidify the mid-term bullish scenario. These projections remain dependent on the market following the expected Elliott Wave structure.
Community member Siwers | LHT commented that Wave 3 could be particularly significant for XRP, assuming that Waves 1 and 2 pan out as forecasted, but acknowledged that market confirmation is still needed.
As of now, the $10.11 target serves as a technical projection based on Elliott Wave analysis, and there is no guarantee that XRP will reach this level without confirmation of the setup.
