Dark Defender Says XRP Is On Its Way to $18 First. Here’s why

XRP is showing strong upward momentum following recent technical developments. Crypto analyst Dark Defender (@DefendDark) shared a chart on X, indicating that Wave 4 has concluded and Wave 5 is set to begin.

He posted, “XRP is on its way to $18 first. Wave 4 is complete, and Wave 5 is starting. Enjoy the show.” This projection aligns with key chart patterns and momentum indicators.

Wave Analysis and Support Suggest Continued Growth

Dark Defender’s chart displays a clear Elliott Wave sequence. The completion of Wave 4 suggests that the corrective phase has ended. Wave 5, typically characterized by strong directional movement, now appears to be initiating.

Fibonacci extension levels marked on the chart show potential targets at $1.88, $5.85, and $18.22, corresponding to 161.8%, 261.8%, and 361.8% extensions. These levels provide a framework for understanding the possible trajectory of XRP’s price in the coming months.

The chart indicates solid support near the $1.44 level, with the Relative Strength Index (RSI) showing rising potential from oversold territory. Green circles on the chart mark previous points where the RSI rebounded. The last occurrence was in 2024, a few months before XRP’s 500% surge at the end of the year.

The recurrence of this signal suggests that momentum may shift in favor of buyers. Dark Defender emphasizes that these support points validate the start of Wave 5, reinforcing confidence in XRP’s next price movement.

Price Projections and Key Targets

The analyst’s chart identifies multiple potential targets as XRP moves higher. The first significant level is $1.88, followed by $5.85. The most ambitious target on the chart is $18.22.

Each target corresponds to Fibonacci projections calculated from previous waves. Wave 5’s movement typically extends beyond Wave 3, and current positioning suggests that XRP could reach these levels if buying pressure sustains.

Momentum Indicators Align With Upside

Technical indicators, including the RSI, support the bullish scenario. The RSI recently moved from the oversold zone, forming a pattern similar to previous upward shifts.

Historical rebounds suggest increased buying momentum as Wave 5 progresses. Dark Defender’s chart highlights these areas with circles, emphasizing key points of momentum confirmation.

XRP’s current structure, combined with clear Fibonacci projections and momentum support, suggests a significant upward move is possible. Wave 5 initiation signals a period of strong directional price action, and XRP could soon reach double digits.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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