XRP has spent months grinding lower, testing the patience of investors who bought in at higher prices. However, crypto analyst Dark Defender (@DefendDark) says that painful stretch is never a good reason to panic. He had already identified it on the chart long before it played out.
Dark Defender shared his Elliott Wave analysis of XRP on the weekly timeframe, marking the recent decline as Wave 2 of a larger bullish impulse sequence. His post stated: “The turbulence you just felt was Wave 2. It was on the chart before it happened. Nothing changed. Only the hands holding XRP did.”
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.
The turbulence you just felt was Wave 2.
It was on the chart before it happened.
Nothing changed. Only the hands holding XRP did.
Above $1.5692, Wave 3 begins. pic.twitter.com/BLirjmFceD— Dark Defender (@DefendDark) October 13, 2026
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.
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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