Dark Defender Says XRP Will Dominate Bitcoin and Ethereum. Here’s why
The Elliott Wave Structure
The current move off the bottom counts as a new five-wave impulse. Waves (1), (2), (3), and (4) are already visible on the chart. Wave (3) reached a high near 0.0013000 ETH before pulling back. Wave (4) retested the 61.8% Fibonacci retracement level at 0.0003125 ETH.
Dark Defender projects Wave (5) to reach the 361.8% Fibonacci extension at 0.0022380 ETH, representing over $5.60 at current prices. That target sits well above the current price of 0.0005411 ETH. The RSI on the chart currently reads 42.82 on the signal line and 38.35 on the main line, both circled by the analyst to highlight a return from oversold conditions as Wave (4) completes.
XRP Dominance
Dark Defender’s thesis extends beyond price targets. He stated directly that “XRP will not only dominate Bitcoin but also Ether.” He added that we will see “XRP appreciate against Ether and Bitcoin, and then flip them instantly with Wave 5.” Notably, Ripple CTO Emeritus David Schwartz recently stated that XRP will flip Bitcoin by rising above it. Dark Defender’s analysis mirrors that view.
He also challenged a common assumption in crypto markets. “Market cap in Crypto is an illusion and doesn’t represent the money poured into an asset.”
He argues that raw market cap rankings do not reflect actual capital flows. He believes XRP’s rise won’t be limited by its market cap. Flipping Bitcoin and Ethereum by that metric is more achievable than conventional analysis suggests.
What the Chart Shows Next
The chart shows Wave (4) completing its retracement before Wave (5) launches toward the 0.0022380 ETH target. The Fibonacci levels marked on the right side of the chart show 23.6% at 0.0007773 ETH, 38.2% at 0.0005487 ETH, and 50% at 0.0004141 ETH as potential support zones during the current retracement.
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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