XRP has spent months building a technical foundation. Now, one prominent analyst believes the next major move is imminent. Crypto analyst Dark Defender (@DefendDark) has laid out a detailed Elliott Wave roadmap for XRP.
The analyst noted that nothing has changed on XRP’s 10-day timeframe. The structure points to targets that would represent a historic run for the asset.
From All-Time High to Reset
XRP reached an all-time high of $3.65 in July 2025. What followed was a structured 5-wave corrective decline that pushed the price below $1 in August. The selloff was prolonged, but it set the stage for what Dark Defender sees as a significant reversal.
The recovery from that low was sharp, with XRP surging more than 50% in just 65 hours. The full move exceeded 70%, carrying the price to $1.68, a multi-month high. Dark Defender identifies this as Wave 1 of a new bullish impulse sequence.
Nothing changed in the 10-day timeframe. Wave 1 is complete. Wave 2 is technically complete.
The structure is ready; the RSI is ready.
I expect the move above the $2 mark to start this month. pic.twitter.com/uCAzj8b6X8
— Dark Defender (@DefendDark) November 3, 2026
Wave 2 Nears Completion
XRP has since pulled back from $1.68, entering Wave 2 of the sequence. Dark Defender states that Wave 2 is technically complete. XRP has consolidated near the $1.20-$1.25 range, sitting within a tight Fibonacci cluster between the 23.6% and 38.2% retracement levels.
The RSI has also reset during this period. On the 10-day timeframe, it has compressed to low levels. Dark Defender identifies this as confirmation the setup is ready. “The structure is ready; the RSI is ready,” he wrote.
Wave 3 and the Road to $10
With Wave 2 winding down, Dark Defender expects Wave 3 to begin this month. His first target sits at $7.07, the 361.8% Fibonacci extension. That alone would represent a gain of roughly 470% from current levels.
The sequence does not stop there. After Wave 3 peaks, Dark Defender projects a Wave 4 pullback to $4.10, the 261.8% extension level. Wave 5 then pushes above $10.11, the 427.2% extension. That final target would put XRP at over 8x its current price of $1.25.
Dark Defender states his expectation clearly: “I expect the move above the $2 mark to start this month.” The Fibonacci levels on the chart align with the wave targets precisely. The RSI behavior on the same timeframe supports the timing. Both technical conditions now align with the wave count.
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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