XRP has fallen 25% from its August high, but crypto analyst Dark Defender continues to focus on developments across the XRP ecosystem and a longer-term technical structure.
In a post on X, Dark Defender pointed to declining exchange reserves, RLUSD liquidity on the XRP Ledger, and the network’s roadmap for quantum-safe cryptography. He also described the current price action as Wave 2 and maintained his expectation for a much larger Wave 3 move.
His recent comments follow an analysis from a day earlier in which he projected a potential XRP move toward $333 based on his Elliott Wave analysis.
XRP is down 25% from its August high. Fact.
What the price does not show: #Reserves: exchange balances at a 7-year low, near 1.7 billion XRP. #RLUSD: 88% of all RLUSD liquidity on the XRP Ledger. #XRPL: a published roadmap to quantum-safe cryptography, targeted for 2028.…
— Dark Defender (@DefendDark) September 18, 2026
Dark Defender Highlights XRP Exchange Reserves
Dark Defender noted that XRP exchange balances have reached a seven-year low, with reserves sitting near 1.7 billion XRP. He presented the decline in exchange balances as one of several developments that he believes investors should consider alongside XRP’s current price.
The analyst also pointed to RLUSD and its activity on the XRP Ledger. According to Dark Defender, the XRP Ledger holds 88% of all RLUSD liquidity. He included this figure among developments that support his longer-term view of the ecosystem.
Dark Defender also referenced the XRP Ledger’s published roadmap for quantum-safe cryptography, which targets 2028. He described the technology as a key safety measure and linked the planned development to the network’s long-term infrastructure.
“These facts tell you what the next decade is being built for,” Dark Defender wrote.
Analyst Describes Current Move As Wave 2
Dark Defender then turned to XRP’s current market structure. He described the present phase as Wave 2 and said the corrective movement was doing its job within his broader Elliott Wave analysis.
The analyst also emphasized patience as XRP moves through the current phase before a direct statement about the next stage. “Wave 3 does not ask for permission,” Dark Defender wrote.
His comments align with the technical chart he published a day earlier. That analysis labels the next major phase as “Grand Wave 3” and places a $333.1167 target at the 161.80% Fibonacci extension level.
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Dark Defender’s Chart Maps A Path Toward $333
The earlier chart places XRP inside a long-term upward channel and projects a sequence involving Waves 3, 4, and 5. Dark Defender’s structure shows Wave 3 advancing toward the $333 area, followed by a projected Wave 4 correction before a later Wave 5 move.
The chart also marks several intermediate Fibonacci levels, including $18.2275 at the 361.80% extension, $36.7676 at the 423.60% extension, and $74.3956 at the 141.40% extension. The $333.1167 level represents the chart’s 161.80% extension target.
Dark Defender’s latest post therefore connects XRP’s current 25% decline with his broader Wave 2 interpretation while noting developments across the XRP ecosystem. His previous analysis provides the technical basis for the $333 target that he continues to reference.
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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