Expert Says Wave 3 Begins Once XRP Breaks This Level

Wave 2 corrections exist specifically to shake out weaker positions before a stronger move takes hold. According to Dark Defender’s analysis, that process has now run its course.

Elliott Wave Structure

The chart shows a completed A-B-C corrective pattern running from early 2025 through mid-2026. Wave (A) bottomed near $1.8, Wave (B) recovered toward the asset’s all-time high of $3.65, and Wave (C) pulled it back to approximately $0.95. That bottom established the foundation for the current impulse structure.

From that base, Dark Defender counts Wave (1), which completed when XRP surged to $1.68 in late August. Wave (2) then pulled the price back to the $1.29 area. XRP currently sits at approximately $1.37, placing it just below the level that would confirm the next major move higher.

The Trigger for the Next Move

Dark Defender identified one number that matters most right now: $1.5692. He wrote, “Above $1.5692, Wave 3 begins.” That level matches the 85.4% Fibonacci extension on his chart. A confirmed close above $1.5692 would signal that Wave 3 of the larger impulse has started.

In Elliott Wave theory, Wave 3 structures are typically the longest and strongest of the entire five-wave sequence, which is why analysts watch for them closely.

Price Targets From the Chart

The Fibonacci extensions on Dark Defender’s chart map out a progression of targets for the move ahead. Wave (3) points toward the 361.80% extension at $7.0786. After a Wave (4) pullback to approximately $4.1043, Wave (5) projects all the way to the 427.20% extension at $10.1101.

The weekly RSI reading supports this setup. It has recovered from deeply oversold territory and continues trending upward without reaching overbought levels. This suggests there is still significant room for the asset to move higher before momentum becomes exhausted.