Top Analyst Says Double Digits Will Be Instant Once XRP Crosses This Level
The current price sits near $1.33, and the analyst believes the setup is constructive. He identifies the recent corrective move as a completed Wave 2. The structure took the form of an ABC running flat, with the three labeled legs visible on the daily chart.
Wave A bottomed near late August, Wave B formed when XRP recovered to around $1.65 in September, and Wave C concluded with the decline to $1.29. That completion point now serves as the critical support level for the entire thesis.
The $1.29 Level Holds the Setup Together
The analyst states that as long as $1.29 holds, the bull case remains intact. That level corresponds to the 50% Fibonacci retracement of the prior rally. A hold there confirms Wave 2 is complete and Wave 3 is beginning.
Dark Defender identifies the first resistance zone as $1.44 to $1.56, which aligns with the 70.2% and 85.4% retracement levels on the chart. His post reads: “Nothing changed.” That shows confidence in the structure despite the recent consolidation.
XRP has compressed in a tight range near $1.33, and the RSI on the daily chart sits around 42, with a potential bullish crossover forming. Momentum has not broken down, and confirmation could reinforce the bullish narrative.
Fibonacci Targets to Watch
The chart projects three major upside targets if Wave 3 plays out. The 161.8% extension sits at $1.88. The 200% extension reaches $2.90. The 261.8% extension targets $4.10. These levels derive from the measured move of the prior Wave 1 rally that happened in late August.
Dark Defender notes that above $1.56, “double digits will be instant.” That reflects his expectation that a breakout above the top of Wave B would trigger aggressive momentum continuation with limited resistance above.
What’s Next for XRP?
The blue projected path on the chart shows the asset moving up and out of the current consolidation zone very quickly. The trajectory heads toward $1.88 as the first major test, with the higher Fibonacci extensions following in sequence.
Dark Defender presents a clear condition for the setup. $1.29 is the support level that must hold. The next resistance test runs from $1.44 to $1.56. Above $1.56, the analyst expects sharp acceleration toward double digits.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Updated version 2-BP reports the highest net profit in at least five years
AstraZeneca (AZN.US) Q3 profit growth surpasses expectations, driven mainly by oncology drugs
AstraZeneca (AZN.US) released its Q3 2026 results on October 30th. At constant exchange rates (CER), total revenue for the quarter increased by 7% year-on-year to $16.209 billions.
BP.US Q3 profits soar to 18-year high: Refining business becomes 'money-printing machine', CEO's reforms encounter strong tailwind
Benefiting from a surge in refining profit margins, BP's quarterly profit jumped to its highest level in 18 years.
Australian Dollar: Bias shifts back to neutral against US Dollar – UOB

