Dark Defender: This Is the XRP Moment the Whole Chart’s Been Building Toward

The recent XRP rally has helped it regain a key technical level. Crypto analyst Dark Defender (@DefendDark) highlighted the move in a recent post, noting that the asset has now reclaimed $1.28 for the first time in two weeks after gaining more than 13% in a single day.

The move comes as XRP pushes through an important resistance area that has capped price action since the rapid decline in early June. According to Dark Defender, the next step depends on whether buyers can secure a strong daily close above this zone.

Breakout Pushes XRP Above Key Resistance

The accompanying 4-hour chart shows XRP breaking through a descending trendline that had guided the recent correction. The asset also climbed above the Ichimoku cloud, which often signals strengthening bullish momentum.

At the time highlighted on the chart, XRP traded around $1.18 before accelerating higher. The breakout carried the asset toward the $1.28 region, placing it above several horizontal resistance levels. The chart suggests that reclaiming and holding this area could establish a foundation for the next phase of the advance.

Elliott Wave Structure Targets $1.34 First

Dark Defender’s chart outlines an Elliott Wave structure that appears to place XRP in the early stages of a new impulsive move higher. The projected path shows Wave 3 developing after Wave 2 completed near recent lows. In the analyst’s outlook, Wave 3 could carry XRP toward the 200% Fibonacci extension level around $1.3383.

That target sits near the green-circled region and represents the next major area of interest if bullish momentum continues. The structure then anticipates a Wave 4 pullback before a final Wave 5 advance.

Fibonacci Targets for XRP

The chart identifies additional Fibonacci extension levels that could guide price action. The 161.8% extension appears near $1.2781, a level XRP has already challenged. Above that, the 200% extension stands at $1.3383.

The most ambitious target on the chart sits at the 261.8% Fibonacci extension near $1.4417. The projected Wave 5 move reaches this zone after the expected Wave 4 retracement. Holding above the reclaimed resistance area remains an important factor for maintaining the bullish structure outlined in the analysis.

What’s Next for XRP?

The RSI is showing positive signs. It has moved above its signal line and pushed into bullish territory above the 60 level. Dark Defender described the current setup as “the moment the whole chart’s been building toward.” Securing the daily close highlighted in the post could shift focus toward the $1.34 and $1.44 Fibonacci targets in the sessions ahead.

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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