Crypto analyst Dark Defender says XRP may have finished its multi-month correction and could be gearing up for a dramatic comeback — potentially even a new all-time high.
After peaking above $3.5 last year, XRP plunged more than 60% into a prolonged downtrend. In a fresh technical briefing, Dark Defender argues that three aligned indicators point to a market bottom and the start of a fresh bullish impulse: the completion of an Elliott Wave corrective structure (wave C), a breakout from a contracting triangle, and a bullish RSI crossover from deeply oversold territory.
What the chart shows
- Timeframe and structure: The analyst’s Elliott Wave setup uses a three-day chart spanning roughly April 2025 through a projected run into mid–late 2026. It maps an ABC corrective sequence: wave A marked the initial high and sell-off, wave B produced the recovery up to about $3.6 in 2025, and wave C became the final corrective phase.
- Wave C completion: Wave C is modeled as a five-subwave impulse decline that, per Dark Defender, recently completed with the fifth subwave bottoming near $1.31. That completion is presented as the key technical turning point that could end the bearish sequence and open the door to a new upward impulse.
- Triangle breakout: The ABC correction unfolded inside converging trendlines — a “resistance-support triangle.” After months of compression under an orange resistance line, XRP has reportedly broken above that upper trendline, signaling the end of the consolidation.
- Support and RSI: A yellow support trendline repeatedly held price, helping to form a firmer base. At the same time, the Relative Strength Index registered a bullish crossover at deeply oversold levels, adding momentum to the bullish case.
Upside targets and what they mean
Dark Defender outlines four potential upside extension targets for the next impulse wave:
- 123.6% extension: roughly $1.66 — about a 27% gain from current levels just above $1.30
- 161.8% extension: around $1.88
- Next resistance: $2.58
- All-time high target: the 261.08% extension at $5.85 — a move that would imply more than a 350% increase from today’s price
Takeaway
Dark Defender’s thesis is a technical one: completed Elliott Wave structure, a triangle breakout, and an RSI bullish cross have converged to argue for a bottom and a renewed bullish trend. As with all technical projections, these scenarios are probabilistic rather than certain — traders should weigh risk, confirm with their own analysis, and watch price action around the breakout and key extension levels.
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