XRP has reached a critical technical area as price action continues to tighten beneath a descending resistance line. Crypto analyst Dark Defender (@DefendDark) believes the current structure favors the bulls.
In a recent post, he highlighted the multiple converging bullish signals. His chart highlighted a converging wedge, improving momentum, and several Fibonacci targets. The chart suggests the token is approaching a decision point as buyers continue to defend rising support.
Bullish, RSI & Wedge.
Incoming break-out.
Watch.
(NFA) pic.twitter.com/SC8lUr4av7— Dark Defender (@DefendDark) July 20, 2026
Wedge Tightens as XRP Retests Resistance
Dark Defender’s chart shows XRP trading within a tightening wedge, with descending resistance meeting rising support. XRP has continued to post higher lows while remaining capped by the upper trendline.
The latest candles sit near the point where both trendlines converge, rising slightly above the upper trendline of the triangle pattern. The analyst circled that area on the chart, identifying it as the zone where he expects a breakout attempt.
A move above the descending resistance line would confirm a break from the current compression and shift attention to the next technical levels shown on the chart.
RSI Signals Improving Momentum
Dark Defender also highlighted the Relative Strength Index as part of his bullish outlook. After hitting historic oversold levels, the RSI has turned higher and crossed above its moving average while remaining close to the midpoint.
The chart marks that crossover with a circle beneath the price action, suggesting momentum is strengthening as XRP tests resistance. The alignment between the RSI and the tightening wedge forms the basis of the analyst’s outlook.
Fibonacci Levels Offer Upside Targets
The chart identifies several Fibonacci extension levels that could become important if XRP clears resistance. The first is the 123.60% extension at $1.0879, followed by the 161.80% extension at $1.1090.
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Dark Defender also marks the 361.80% Fibonacci extension near $1.2260. That level sits within the Ichimoku Cloud on the chart and represents the highest upside target included in his analysis.
Traders Watch for Breakout Confirmation
XRP remains compressed between rising support and descending resistance, placing the focus on whether buyers can push through the upper trendline.
Dark Defender’s chart suggests that the combination of the tightening wedge and improving RSI could support a move toward the Fibonacci levels if resistance gives way. With XRP trading near the apex of the pattern, the next breakout could be imminent.
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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