Dark Defender Shows XRP Remains Bullish for These Top Price Targets
Crypto analyst Dark Defender has laid out a bullish Elliott Wave case for XRP on the 10-day chart, with two significant upside targets now in focus.
XRP has been building structure on higher time charts for months. On the 10-day chart, a clear Elliott Wave sequence has been developing since the 2022 lows.
That sequence now appears to have reached a decisive moment. Dark Defender outlined why he believes XRP has completed its Wave 4 correction and entered Wave 5.
Wave 4 Touched Long-Term Support
Wave 4 pulled XRP back toward the $1.3798 level, sitting at the 61.80% Fibonacci extension. During this correction, XRP compressed within a falling wedge pattern formed by the orange and yellow trendlines on the chart.
The asset then broke down from that wedge during the February breakdown and fell to touch the long-term ascending blue support trendline that has held since the 2023 lows. That support trendline has now been tested and defended, giving the current recovery a strong technical foundation.
RSI Signals a Momentum Shift
The RSI on the 10-day chart also shifted during this period. Dark Defender noted that RSI had a bullish cross. This referred to the RSI line crossing above its signal line. The RSI reads at 49.53 on the main line with the signal at 36.49.
That crossover followed a period of RSI compression near the lows. Dark Defender highlighted this development directly on his chart, labeling it “The RSI Break.”
Confirmation Above $2.22
Dark Defender identified one more technical condition. He stated that “above $2.22, the Ichimoku will work as support too.” If XRP sustains above that level, the Ichimoku cloud transitions from resistance to support, adding another technical layer to the ongoing move.
A resistance zone is also visible on the chart near current price levels. Clearing that resistance remains Wave 5’s immediate task to gain momentum.
Wave 5 Targets $4.10 and $7.07
With Wave 4 complete and support confirmed, Dark Defender places XRP firmly inside Wave 5. His chart marks the 261.80% Fibonacci extension at $4.1043 as the first target. The 361.80% extension at $7.0786 represents the second.
XRP currently trades near $1.41. The first target represents a move of roughly 191% from current levels. The analyst has previously set the $4.10 target for XRP, and this analysis reinforces that stance.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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