Crypto analyst Dark Defender has published a detailed technical update on XRP’s market structure, emphasizing that the digital asset is approaching the conclusion of a Wave 4 correction within the Elliott Wave theory.
In a tweet accompanied by a chart visualizing the wave cycle on the weekly time frame, the analyst explained that XRP recently reached a significant short-term price target of $2.1937, a level that aligns with the top of the smaller wave formations observed in recent sessions.
Hi all. As most of you know, I was highlighting the monthly wave structure, and I wanted to give more details on what that looks like from a broader perspective.#XRP is almost coming to an end of this Wave 4 correction. We were discussing a smaller time frame structure offline,… pic.twitter.com/ym23ksVeVi
— Dark Defender (@DefendDark) April 22, 2025
The chart highlights three completed waves (Waves 1, 2, and 3) followed by a downward-sloping Wave 4 correction. According to Dark Defender, this correction is now nearing its end, setting the stage for a potential Wave 5 impulse move.
The analyst stated that a reversal was anticipated at the $2.1937 level, and that XRP touched and rejected from this exact price point, which had been forecast in earlier analyses conducted outside public forums.
Consolidation Period Framed as a Launchpad for Higher Targets
In his commentary, Dark Defender acknowledged the frustration some investors may feel following years of price stagnation. He reminded followers that XRP consolidated between $0.30 and $0.50 for six years, which he views as a base for much higher future targets.
The wave structure on the chart supports this long-term outlook, showing a steep rise during the earlier wave phase and signaling a breakout scenario in the near term.
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Key Support and Resistance Levels Identified
Looking forward, the analyst directed attention to specific price levels that could define XRP’s next movement. He pointed out that $1.8815 is a key support level and should be monitored closely as the market progresses. He also emphasized the importance of overcoming resistance at $2.222 and $2.40, indicating that a successful breakout above these thresholds would confirm the beginning of Wave 5.
Dark Defender also referenced additional wave activity on the smaller time frames, predicting three more waves to complete the local structure. He stressed that XRP is closer to a substantial bull run than many realize and urged the community to remain vigilant, especially around the noted resistance and support levels. The orange trendline drawn on his chart represents the current resistance trend that needs to be broken for further upward momentum.
Ongoing Monitoring and Future Updates Promised
In closing, the analyst reiterated his intent to provide future updates based on price action and confirmed his watch on the resistance marked by the orange line. He encouraged followers to stay informed and to continue monitoring the evolving wave structure.
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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