Crypto analyst Dark Defender (@DefendDark) has identified a critical technical setup in XRP. The analysis aligns price structure, Fibonacci levels, and momentum indicators into a single convergence point. The analyst believes XRP has bottomed and has no further downside before a reversal.
Wave 2 Completes At Long-Term Support
XRP’s most recent chapter began in August, when the asset surged approximately 50% in just 65 hours, peaking at $1.68. That move completed Wave 5 of the prior bullish impulse. What followed was Wave 2, a corrective pullback that has dragged price down to a low of $0.9852.
Dark Defender sees that low as the completion of Wave 2, with the asset now sitting on a long-term support curve that has held through multiple cycles. The current price sits at $1.0533.
#XRP hit its lowest possible point, as always.
Daily RSI is at its lowest point; oversold!
Time for a reversal, towards $1.12 first.
Enjoy your day. pic.twitter.com/IWQH0nCDOP
— Dark Defender (@DefendDark) November 12, 2026
RSI Hits Oversold Territory
The daily RSI reading of 33.22 strengthens the case. Dark Defender circled both the price action and the RSI simultaneously, highlighting the confluence between structural support and momentum exhaustion. The RSI is approaching oversold levels that have historically preceded reversals in XRP
The Initial Targets
Dark Defender’s first target is $1.12, the 23.6% Fibonacci retracement level. He identified this as the opening leg of the reversal. “Time for a reversal, towards $1.12 first,” he wrote. That level serves as the nearest confirmation point before attention shifts to higher Fibonacci extensions.
From $1.12, the structure projects toward $1.29 at the 50% level, then $1.44 at 70.2%. Those two levels represent the mid-range of the anticipated Wave 3 move. Wave 3, in Elliott Wave theory, typically produces the strongest price expansion of any sequence.
Extended Targets for XRP
The upper Fibonacci extensions place significant targets well above current price. The 161.8% extension sits at $1.88, with the 200% extension at $2.90. Dark Defender’s chart projects those levels into early 2027, with the blue impulse trajectory pointing sharply higher once the breakout begins.
What Next for XRP?
The yellow long-term support curve, the Wave 2 structure, and the oversold RSI reading all arrive at the same point in time. The structure now calls for Wave 3 to begin. If the analysis holds, $1.12 is the first level to watch, with the larger move targeting $2.90 as the cycle extends through 2027.
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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