Dark Defender Says XRP Is Heading to Double Digits First. Here’s why

Crypto analyst Dark Defender (@DefendDark) believes XRP remains on track for a major breakout as the asset continues to trade within a tightening structure on the weekly chart.

In a recent post, he said the setup is “as clear as it gets, with a textbook structure,” before adding that XRP is “heading to double digits first.”

The chart shows XRP consolidating near $1.42 lafter a long corrective phase that followed its rally toward its peak of $3.65. Dark Defender’s analysis highlights an Elliott Wave structure that appears to place XRP near the end of a large Wave 4 correction. The projected upward move would begin Wave 5, which the chart maps toward prices above $8.

XRP continues to hold above a major Fibonacci support zone near $1.36. The chart marks this area as the 61.8% retracement level. Traders often view this level as a strong support area for bullish continuation setups. XRP has repeatedly defended this range during recent consolidation, which keeps the bullish structure intact.

Descending Resistance Nears a Breaking Point

The weekly chart also shows XRP trading inside a tightening symmetrical triangle pattern. A descending resistance line from previous highs continues to compress price action against rising support from below. That structure usually signals a decisive move once the price escapes the narrowing range.

Dark Defender’s projection shows XRP breaking through the descending resistance line before accelerating sharply higher. The chart places the next major Fibonacci level near $3.56, which sits close to XRP’s previous high. Above that, the analysis identifies targets near $5.85 and $8.78.

The Ichimoku cloud on the chart still shows a major resistance zone overhead. XRP trades below the cloud after months of corrective price action. A future move into the cloud, followed by a breakout above it, would strengthen the bullish outlook.

XRP Momentum Builds Around Long-Term Setup

The chart’s structure shows a long consolidation period following XRP’s explosive move in late 2024. Since then, price action has gradually formed higher lows as sellers lost momentum near descending resistance.

Dark Defender believes the current setup closely follows a classic Elliott Wave continuation pattern. His chart labels the next projected advance as Wave 5, which often represents the final expansion phase in a bullish cycle.

While XRP remains inside consolidation for now, the compression visible on the weekly chart continues to narrow. That setup places strong focus on the current resistance area. A breakout above it could open the path toward the higher Fibonacci targets highlighted in the analysis.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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