Dark Defender (@DefendDark), a well-known cryptocurrency analyst, recently shared insights on XRP’s price movement, emphasizing its position within the fourth wave of an Elliott Wave structure.
Posting on X, he highlighted that XRP has been following this pattern, which he first identified in January and February. According to his analysis, “Wave 4 will end soon. And XRP will continue to reach its targets.”
#XRP is in the 4th Wave of the Monthly Elliott Wave Structure. We addressed this structure back in January-February.
If you can figure this out, you can put yourself out of the emotional turmoil.
Wave 4 will end soon. And XRP will continue to reach its targets.
This is a note… pic.twitter.com/YBRDjXQAhq
— Dark Defender (@DefendDark) March 29, 2025
XRP’s Position in the Elliott Wave Pattern
Elliott Wave Theory is a technical analysis tool that suggests markets move in predictable waves. It consists of five waves in the direction of a primary trend, with waves one, three, and five moving forward, while waves two and four are corrective.
Dark Defender’s analysis suggests that XRP is currently in the fourth wave, a corrective phase, before entering the final and potentially most significant fifth wave. The asset has struggled significantly since its price fell below $3 in early February and has failed to reclaim that level.
Dark Defender’s chart shows the surge between November 2024 and January 2025, which formed Wave 3 and aligned with Elliott Wave expectations. The fourth wave, which XRP is now experiencing, is the pullback before the next surge. If the structure holds, XRP could soon begin the fifth wave, which is typically associated with strong upward momentum.
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Projected Targets for XRP
Dark Defender’s analysis includes Fibonacci extensions commonly used to project price targets. According to the chart, the 261.8% extension suggests a target of $5.85. His analysis from February is playing out as expected, and that analysis also suggests a longer-term target of $18.22 once the asset completes the next wave.
One of the key takeaways from Dark Defender’s post is his reminder that understanding market structures can help investors manage emotions. Corrections, such as the current fourth wave, often create uncertainty, but he suggests that those who “figure this out” can avoid emotional turmoil.
Disciplined investors who follow technical patterns are less likely to make impulsive decisions and benefit the most from structured market movements.
XRP is currently trading at $2.11, but Dark Defender is optimistic about its future. In a recent analysis, he showed how the asset could climb to $2.4, and reaching this level could kickstart the final wave and push it toward the $5.85 target he outlined.
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 urged to do in-depth 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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