As XRP Completed the Wave 4 Correction, Dark Defender Predicts What’s Next

XRP may have reached a major turning point, according to crypto analyst Dark Defender (@DefendDark). In a recent post on X, he stated that “XRP completed the Wave 4 correction.” He followed that view with a clear price target, adding, “See you at $8.76. (NFA).”

His latest chart outlines an Elliott Wave structure that suggests XRP could begin a new impulsive move after completing a lengthy correction.

Elliott Wave Count Targets a Strong Advance

Dark Defender’s weekly XRP chart presents a completed five-wave advance. This move began after XRP’s peak above $3, which followed its 500% rally in late 2024. What followed was a corrective ABC phase, which appears to have finished at the Wave C low. This point also marks the end of Wave 4 within the larger Elliott Wave cycle.

The Wave C low also ends near the $0.93 level, which aligns with the 100% Fibonacci retracement displayed on the chart. With that level now tested, the next projected move begins with Wave 5. The blue projection on the chart places the Wave 5 target near $8.76, which sits close to the 644.40% Fibonacci extension.

RSI Pattern Mirrors the Previous Bottom

Dark Defender also highlights the RSI on the weekly chart. He circles two areas marked as RSI bottoms. The first appeared before XRP launched into its sharp rally in late 2024. The second appears at the current stage of the correction, which intensified in early June.

The chart suggests that the RSI has returned to a similar oversold region while the asset’s price has completed its corrective structure. By placing both RSI lows side by side, the analyst presents a repeating pattern that previously preceded a powerful rally.

The analyst noted that this is not financial advice, but the combined signals on the chart support his bullish outlook.

The Path to $8.76?

Several Fibonacci extension levels appear above the current price. The first major level sits around $1.88, while another appears near $5.85. Dark Defender has previously highlighted these targets, and his analysis suggests an ultimate target of $8.76 for this cycle.

These levels represent potential areas where XRP could encounter increased trading activity if the projected Wave 5 develops as shown on the chart. Intriguingly, the chart shows another Fibonacci extension level at $18.22 (Fib. 361.80%). While that target is not in play for this cycle, previous analysis of the chart suggest that XRP could eventually reach it.

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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