XRP is trading at a pivotal moment. Crypto analyst Dark Defender (@DefendDark) published a chart highlighting an extraordinary volume event forming beneath Wave 1 of an Elliott Wave count on the XRP/USD daily chart.
The volume bar highlighted in his chart dwarfs surrounding candles, treating it as a structural signal. Dark Defender wrote, “The volume speaks.” He noted that XRP is “maintaining its structure with extraordinary Volume formed under Wave 1.”
That volume event, marked clearly in late August, coincides with the base of the current wave sequence. High volume at a foundational wave position is a factor technical analysts watch for when assessing whether a move has conviction behind it.
The Volume Speaks. #XRP is maintaining its structure with extraordinary Volume formed under Wave 1.
Breaking $1.56 is the key for Wave 3.
The Upcoming week is expected to be surprising.Targets: $1.8815, $4.1043
Support is at $1.3798!
⁽ⁿᵒᵗ ᶠⁱⁿᵃⁿᶜⁱᵃˡ ᵃᵈᵛⁱᶜᵉ… pic.twitter.com/DwjqkeCkdY— Dark Defender (@DefendDark) September 5, 2026
The $1.56 Level Is the Trigger
Dark Defender identifies $1.56 as the level XRP must break to confirm Wave 3 is underway. On the chart, Wave 1 peaked near $1.69 before pulling back into Wave 2, which found support near $1.38. The current price sits around $1.41, consolidating above the support zone.
A break above $1.56 is, in his view, the confirmation needed. Wave 3 in Elliott Wave structures typically produces the strongest and most extended price movement in a sequence. His chart projects Wave 3 reaching the 161.80% Fibonacci extension at $1.8815.
Higher Price Targets
Dark Defender’s chart does not stop at $1.88. The full five-wave sequence he has projected carries significantly higher targets.
Wave 3 targets $4.1043, which corresponds to the 261.80% Fibonacci extension. Wave 5 extends to $7.0786 at the 361.80% level. His post lists immediate targets as $1.8815 and $4.1043, and places support at $1.3798.
That support level aligns with the 61.80% Fibonacci retracement shown on the chart. It was where Wave 2 concluded and where buyers stepped in aggressively to halt the crash that began in late August.
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Structure Remains Intact Above Support
The Ichimoku cloud visible on the chart shows XRP breaking above the cloud during the Wave 1 move. The orange descending trendline, which acted as resistance for several months, has been breached. Both of these developments support the bullish structure Dark Defender is tracking.
He expects the upcoming week to hold surprises. The chart’s structure, the volume event, and the Fibonacci levels he has mapped all point to $1.56 as the level the market will need to resolve. If XRP clears it, his wave count puts $4.10 firmly in scope.
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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