Crypto analyst Dark Defender (@DefendDark) has presented a bullish technical outlook for XRP, arguing that the cryptocurrency is approaching the final stage of an ABC correction on the 10-day chart.
His post reveals the final moments of what he calls a “textbook ABC correction on a 10-day time frame.” He then adds, “A parabolic #XRP move is expected next.”
The chart supports that view through an Elliott Wave structure. It labels the initial decline as wave A, followed by a recovery marked B. The subsequent decline forms wave C. Dark Defender further divides wave C into five smaller waves, with the chart marking waves 1 through 5 in orange. The final wave appears near the $1.02 area, close to the 0% Fibonacci level at $1.0211.
The last moments of a textbook ABC correction on a 10-day time frame.
A parabolic #XRP move is expected next.
⁽ⁿᵒᵗ ᶠⁱⁿᵃⁿᶜⁱᵃˡ ᵃᵈᵛⁱᶜᵉ ᵇᵘᵗ ʲᵘˢᵗ ᵐʸ ᵗʰᵒᵘᵍʰᵗˢ ᵒⁿˡʸ⁾ pic.twitter.com/BiRokkquoQ— Dark Defender (@DefendDark) August 12, 2026
A Key Technical Zone
The XRP chart also contains a descending white trendline that has guided the correction lower from the wave B peak of the Elliott Wave pattern. XRP remains beneath that line in the latest candles. The final portion of wave C sits close to several important horizontal levels.
The chart marks the 100% Fibonacci level at $0.9327. It also shows the 85.40% level at $0.7902. These levels sit below the latest price action and define important areas within the analyst’s structure.
The recent candles show XRP moving sideways near the lower portion of the descending trendline. That positioning gives the chart a clear transition area between the completed correction and the projected advance.
Fibonacci Levels Define the Next Targets
Dark Defender’s chart places several Fibonacci extension levels above the current XRP price. The first major level appears at $1.8815, corresponding to 161.80%. The next level is at $2.9032, representing the 200% extension. The highest labeled Fibonacci target on the chart reaches $5.8563 at 261.80%.
The analyst has previously outlined $1.88 and $5.85 as targets, and the path extends beyond them. These represent major milestones during the proposed advance.
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XRP Could Enter a New Wave
The central idea in Dark Defender’s analysis is that completion of wave C would allow XRP to begin the next major upward phase. His chart depicts that move as substantially stronger than the preceding recovery.
The first technical task would involve reclaiming the descending trendline. A sustained move above that resistance would send XRP toward $1.8815 before testing $2.9032.
A move through those levels would place the $5.8563 Fibonacci extension in focus. Dark Defender’s post describes the expected move as parabolic, while the chart shows a trajectory that extends well beyond the current trading area.
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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