XRP has spent months consolidating below key resistance levels. Crypto analyst XRP Update (@XrpUdate) shared a post outlining a significant move higher.
He used a chart from Dark Defender (@DefendDark), one of the most prominent analysts in the community, and he anticipates an explosive rally.
XRP Update’s post carries a bold projection built on Fibonacci extensions and a completed corrective structure. His analysis suggests a move to $10.1101 for XRP.
$XRP WAVE 3 WILL BE EXPLOSIVE! @DefendDark’s Elliott Wave analysis points to a potential $10.11 target!
Wave 3 target: $10.1101 📈
Key support: $1.21 and $1.12 🟢IF THIS BULLISH SCENARIO PLAYS OUT, THE NEXT MOVE WILL BE MASSIVE! pic.twitter.com/DGRIryB3By
— XRP Update (@XrpUdate) October 25, 2026
The Elliott Wave Count
The chart presents a five-wave Elliott Wave sequence playing out on XRP’s 3-day chart. According to the analysis, XRP completed Wave 1 during the 2024 rally when it rose by more than 500%. A corrective ABC structure followed, bringing the price back down through 2025 and into 2026.
That correction saw XRP retrace significant gains and consolidate for an extended period. It appears to be almost complete now. The chart labels the current position as the bottom of wave (2) within the larger Wave 3 sequence.
XRP also completed the ABC structure when it bottomed below $1 in August. The rally at the end of that month formed wave (1). If XRP follows the path outlined, the analyst expects an explosive surge.
Where XRP Stands Right Now
The chart places the current price near the $1.21 to $1.57 range. Key Fibonacci levels mark the area as significant support. The 38.2% retracement sits at $1.2133. The 85.4% level lands at $1.5692. XRP Update identified $1.21 and $1.12 as key support zones for the bullish scenario to remain intact.
The Targets Ahead
XRP Update believes the asset is in a similar position to late 2024, and expects a swift breakout. Dark Defender’s Fibonacci extension levels map out the full projected Wave 3 move. The 161.8% extension sits at $1.8815. The 200% level lands at $2.9032.
The 261.8% extension reaches $4.1043. The 361.8% extension targets $7.0786. The final target sits at the 427.2% extension at $10.1101. The path on the chart is not a straight line. It shows a series of sub-waves with pullbacks along the way.
What the Analysis Requires
XRP Update was clear about the conditions. The bullish scenario depends on price holding the identified support levels. A loss of $1.21 would challenge the structure. If the bullish scenario plays out, he believes the resulting breakout will be massive, and his double-digit price target backs that stance.
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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