The XRP army has shifted attention to the 4-hour chart after crypto analyst Dark Defender (@DefendDavid) shared a new technical outlook. His analysis highlights a recent bullish breakout and outlines a projected Elliott Wave path that targets another strong advance.
The chart also identifies several Fibonacci levels that could shape XRP’s next move as buyers attempt to build on the recent recovery. He noted that the asset has started a bullish break, adding, “We are on our way to the Grand Wave 3, baby.”
This is what is happening on a smaller time frame, 4-hour.#XRP had a strong bullish break.
We are on our way to the Grand Wave 3, baby.
Not Financial Advice, but my thoughts! pic.twitter.com/Z8eyihHs9t
— Dark Defender (@DefendDark) July 14, 2026
Elliott Wave Structure Signals Next Advance
Dark Defender’s chart presents an Elliott Wave count that shows an earlier five-wave move followed by an ABC correction. According to the chart, XRP has completed that corrective phase and started another upward sequence.
A blue projection extends from the current price area into a larger Wave (5), which the analyst identifies as part of a Grand Wave 3. The projected move follows the recent rebound from support near $1.05 after XRP recovered from the market-wide decline in early June.
Key Price Zones for XRP
The chart highlights several Fibonacci extension levels that could guide XRP’s next move. The first area sits at $1.1090, which aligns with the 161.8% extension. Above that, the next target appears at $1.1305, the 200% extension.
Dark Defender also marks $1.1663 as the 261.8% extension before the final projected target at $1.2265, which matches the 361.8% extension. The chart places support at $1.0671, followed by $1.0483 and $1.0344 if XRP revisits lower levels during the trend.
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Additional Support For the Bullish Outlook
The chart shows XRP trading around the Ichimoku Cloud after breaking above it during the recent rally. The asset is also retesting a long-term resistance trendline. This trendline has capped XRP’s price since June, and breaking above it could confirm bullish momentum.
The Relative Strength Index also supports the current setup. The indicator rose after reaching the lower part of its recent range and now sits above its moving average. A green circle on the chart highlights that shift in momentum.
The upward move in the RSI aligns with the recent price breakout and supports Dark Defender’s expectation that XRP has entered the next stage of its bullish wave count. As long as XRP holds above nearby support, the chart focuses on the higher Fibonacci targets that form the projected Grand Wave 3 path.
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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