Crypto analyst Dark Defender has released a new forecast for XRP, projecting a significant price surge with a $36 target. Sharing a weekly chart on X, Dark Defender indicated that XRP traded at $1.5374 at the time of his analysis, placing the target substantially above current prices.
XRP completes major correction phase
According to Dark Defender, XRP has completed an extended corrective phase and may be positioned for its most substantial rally yet. He referenced his prior analysis from August 2024, where he identified the Wave 1 top for XRP at $3.3939. This prediction materialized months later as XRP’s price climbed sharply between November 2024 and January 2025, recording a move that lifted the asset more than 500%.
The analyst identified a subsequent high at $3.6606 in July, which established a new all-time high for XRP. The chart marks this advance as Wave 1 in a broader Elliott Wave pattern.
On August 3, 2024, we calculated the Wave 1 top at $3.3939. It printed. Wave 3 is next, targeting $36. Volume is building the same way it did before Wave 1. The bell for XRP rings at Nasdaq soon.
Technical structure and price retracement
Following the Wave 1 rally, XRP underwent a significant decline labeled as Wave 2, which was subdivided into five parts. The decline from the $3.6606 high to a low near $1 represented a retracement of over 70%. The chart maps a yellow trendline downward from early 2025, with the final leg of the correction completing at wave (5).
The price subsequently broke above a secondary, shorter trendline, signaled by a green circle on the chart. This breakout is situated next to a cloud band whose upper edge, near $2.10, serves as the next important resistance level for XRP.
Volume patterns and upward prospects
Dark Defender observed that volume is building in a similar way to the period preceding the Wave 1 rally. The chart highlights two green circles in the volume panel: the first corresponds to low volume in late 2024 followed by a jump to around 800 million, while the second represents current trading activity, with recent green bars and a volume of 9.81 million. The analyst expressed the expectation that this pattern could lead to another significant upward move, mirroring historical behavior.
Alongside monitoring traditional technical signals such as trendline breaks and volume spikes, some investors track new trends and trading strategies across the meme token sector. In the meme token market, an internet trend can transform into millions of dollars of interest within days. According to data shared by Fomo App, a trade involving “Niu Lai”—which turned an initial $99 investment into approximately $370,000—stands out as a striking example of this activity. In this market, tracking not only prices but also the timing and token choices of investors is crucial. Fomo App brings token discovery and trading together on a single platform, featuring social feeds, investor rankings, and trade notifications. Discover Fomo App to follow the world of meme tokens alongside investor activity.
XRP upside targets and Fibonacci extensions
The analysis identifies two potential targets for XRP using Fibonacci extension levels. The 361.80% level is positioned at $18.2275, while the 423.60% extension points to $36.7676. The projected Wave 3 advance, illustrated by a green arrow from the wave (5) low to the upper target, anticipates a considerable upward movement for XRP if the pattern repeats.
Wave 3 is next, targeting $36. This scenario would deliver a gain exceeding 2,200% from the recent lows, reflecting a high level of optimism among XRP supporters for an extended rally. The bell for XRP rings at Nasdaq soon, underscoring expectations surrounding the asset’s next market cycle.
Disclaimer: This report is intended to inform and does not constitute financial advice. Market participants should conduct their own research before making investment decisions.
