Dark Defender Shares XRP Price Update on the 2-Week Time Frame

Crypto analyst Dark Defender (@DefendDark) believes XRP is approaching a decisive move on the 2-week chart as price tightens inside a narrowing structure.

In his latest update, he revealed that the primary Elliott Wave structure driving XRP’s price is intact, adding that the asset “is expected to deliver a strong surge through the end of May.”

XRP Key Price Levels to Watch

The chart shows XRP trading near the apex of a symmetrical triangle. An orange descending resistance line continues to cap price action from the recent highs, while a rising blue support trendline holds the structure from below. XRP now sits directly between those levels near $1.36.

Dark Defender identified $1.36 and $1.31 as the main support zone. He also highlighted resistance levels at $1.47, $1.88, and $3.56. The chart suggests XRP must first clear the orange trendline before testing higher Fibonacci targets.

Elliott Wave Structure Points Higher

The chart follows an Elliott Wave structure that has guided the asset since its major breakout in late 2024. Wave 4 led the asset into the current consolidation phase, and the chart suggests that it is near the end of that bearish wave, with Wave 5 on the horizon.

Dark Defender’s projection places the next major upside target near the 361.80% Fibonacci extension at $3.56, just below the asset’s all-time high of $3.65. The chart also shows a higher extension target near $8.78, aligned with the 644.40% Fibonacci level.

Additional Bullish Signs

Aside from the Elliott Wave pattern, the Ichimoku cloud on the chart supports the bullish outlook. XRP currently trades near the lower edge of the cloud while attempting to reclaim higher resistance levels. A move above $1.47 could open the path toward the 161.80% Fibonacci level near $1.88.

The RSI on the 2-week chart sits near the oversold region after months of cooling momentum. The RSI is currently below its moving average, though the gap between the lines has tightened considerably in recent weeks.

Dark Defender circled this area on the chart, suggesting momentum may turn as XRP completes its compression phase. If the RSI experiences a bullish crossover by crossing above the momentum line, it could add significant bullish momentum to XRP’s next move.

When Will XRP Break Out?

The timeline on the chart points toward late May as the expected breakout window. XRP now trades at a point where support, resistance, momentum, and Elliott Wave structure converge closely together, and a breakout is imminent.

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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