Dark Defender Says XRP Is Preparing for Takeoff. Here’s the Signal

The latest BTC Dominance chart from Dark Defender (@DefendDark) has projected a shift that could become important for XRP. The crypto analyst posted the chart with two short statements. “Prepare for landing.” He added, “XRP is preparing for takeoff.”

The chart placed BTC dominance at 58.84% after a retreat from its recent high. Dark Defender mapped out a potential Elliott Wave structure that could take Bitcoin’s market share through several lower levels. That projected decline formed the basis for the XRP outlook.

Bitcoin Dominance Approached Major Resistance

The chart positioned BTC dominance below a descending orange trendline that extended from the 2018 peak. That trendline remained close to the 60% and 62% area. Dark Defender marked the 61.80% Fibonacci level at 60.14%. He placed the 38.20% level at 62.09%.

A move toward those levels could have taken BTC dominance back into the long-term resistance zone. The Elliott Wave count labeled that potential advance as wave (2). The structure then called for a reversal into wave (3).

Bitcoin Dominance,

Prepare for landing.

XRP is preparing for takeoff.

The Downside Targets

Dark Defender’s projected structure placed 55.32% as the first major downside target. The chart marked that level with the 123.60% Fibonacci extension. The next target sits at 52.54%, which corresponds with the 161.80% extension. From there, wave (3) could extend toward 45.90%, where the chart placed the 261.80% Fibonacci extension.

The 45.90% level also sits close to the rising blue trendline that has connected major BTC dominance lows. After reaching that area, the chart projects a recovery toward 52.54% for wave (4). Wave (5) could then take BTC dominance lower again toward the long-term support structure.

Momentum Has Weakened

The monthly RSI also supports the projected change in BTC dominance. The indicator had moved above 70 before retreating toward the middle of its range. The chart showed an RSI reading of 51.59 against a moving average of 54.09. The RSI now sits below that average, giving the projected decline additional technical support.

XRP Stands to Benefit From the Shift

Dark Defender did not attach an XRP price target to the chart. His thesis instead connects XRP’s potential move to a decline in Bitcoin dominance. If Bitcoin (BTC) dominance rejects the 60.14% and 62.09% area, the projected path could take it toward 55.32%, 52.54%, and eventually 45.90%.

A sustained decline in Bitcoin’s market share could give altcoins more room to gain market share. XRP has historically surged when BTC dominance weakens, and it could become a major beneficiary of that rotation.