Crypto analyst Dark Defender says XRP may have hit its low and could be gearing up for a powerful comeback — potentially even a new all-time high.
After peaking above $3.6 last year, XRP plunged more than 60%, entering a prolonged corrective phase. In a fresh technical breakdown based on a three-day Elliott Wave chart spanning April 2025 through a projected run into mid–late 2026, Dark Defender argues that three aligned technical signals point to a major trend reversal.
What the analyst sees
- Completed ABC correction: Dark Defender maps XRP’s decline as an ABC corrective sequence. Wave A started the sell-off, wave B produced the 2025 rally to roughly $3.6, and wave C — shown as a classic five-subwave impulse — has now allegedly completed. The fifth subwave reportedly bottomed near $1.31, marking the end of the corrective structure and a potential turning point.
- Triangle breakout: The corrective phase played out inside a converging “resistance-support triangle.” Price repeatedly found support along the lower trendline while the orange upper trendline capped rallies. Dark Defender highlights a break above that upper resistance as confirmation that compression has ended and a new uptrend may be beginning.
- RSI bullish cross from deeply oversold levels: Relative Strength Index action reportedly formed a bullish crossover while deeply oversold, adding momentum confirmation to the bottoming thesis.
Upside targets and timeframe
Dark Defender outlines a sequence of Fibonacci-extension style targets for the next bullish impulse. From current levels just above $1.30, the analyst lists:
- 123.6% extension: ~$1.66 (≈27% upside)
- 161.8% extension: ~$1.88
- Intermediate resistance: ~$2.58
- All-time-high target (261.08% extension): ~$5.85 — a move that would imply more than a 350% rally from present prices
The chart projects this next impulse developing into mid–late 2026 if the Elliott Wave scenario plays out.
A measured takeaway
Dark Defender’s case rests on technical patterns and Elliott Wave interpretation: a completed corrective ABC, triangle breakout, and an RSI bullish cross. These are commonly used tools among technical traders, but they are not guarantees. Crypto markets remain volatile and can defy pattern-based forecasts.
If you trade or invest based on this thesis, consider risk management and confirm signals across timeframes before committing capital.
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