Dark Defender to XRP Holders: First Price Targets Before Double Digits

XRP analyst Dark Defender has published a bullish technical setup that could place the cryptocurrency on a path toward significantly higher levels.

The analyst said in a tweet that XRP has completed a “triple dip” on the weekly chart and has now recorded the surge he expected. His analysis identifies $5.85 and $9 as the first major upside targets, while he places $1 as the key support level.

XRP Completes the Expected Weekly Setup

Dark Defender’s chart tracks XRP’s price action on the weekly timeframe and highlights a series of wave movements that he interprets as part of a larger Elliott Wave structure. The chart marks the current phase as wave (4), following the earlier rise identified as wave (3).

According to the analyst, XRP experienced three tests during its recent decline before beginning the expected recovery. He described this as a “triple dip on the weekly” and said XRP subsequently delivered the surge he had anticipated.

The chart shows XRP trading around $1.07, with the $1 level identified as an important support zone. Dark Defender’s analysis places the 85.40% Fibonacci level near $0.79 and the 100% level around $0.93. XRP’s ability to remain above these levels is an important part of the structure shown in the chart.

$5.85 and $9 Become Key Targets

The most significant part of Dark Defender’s post concerns his projected upside levels. His chart places the 261.8% Fibonacci extension near $5.85 and the 300% extension around $9.04. He highlighted these levels in his post, stating that the “Road to double digits” includes targets of $5.85 and $9 first.

The chart also identifies intermediate Fibonacci levels near $1.88 and $2.90. These levels could become relevant if XRP continues moving higher from its current position. Dark Defender’s longer-term projection therefore extends well beyond the immediate recovery and points toward a potential move into the upper single digits.

The weekly RSI shown on the chart also sits at relatively subdued levels compared with the stronger readings recorded during XRP’s previous rally. Dark Defender appears to use the RSI structure alongside the price pattern to support his interpretation of a developing recovery.

Some XRP Holders Remain Skeptical

X user G offered a different perspective, saying they now check XRP only once every few months because of how long the asset has remained relatively dormant.

Dark Defender, however, maintains that XRP has completed an important weekly setup and is now moving toward the targets identified in his technical analysis. For his outlook to remain valid, the $1 support level remains a key price area to monitor as XRP attempts to build further momentum toward $5.85 and eventually $9.