Crypto analyst Dark Defender recently shared an update on XRP’s short- to mid-term price targets, emphasizing a potential price trajectory based on Elliott Wave Theory. He outlined specific resistance and support levels, indicating key price points that could shape XRP’s movement in the coming months and years.
In his post, Dark Defender noted that the short-term price targets include $5.85 and $18.22, while the mid-term projection extends to $77.7.
He stated, “I shared an update on XRP’s short-midterm target of $77.7 on X, setting $5.85 and $18.22 as short-term possibilities.” This prediction aligns with his previous analyses, suggesting that XRP could see a substantial increase following the third wave.
I shared an update on XRP's short-midterm target of $77.7 on X, setting $5.85 and $18.22 as short-term possibilities. You might recall that historical pattern scenario.
As we discussed many times with the third wave, $XRP can extend towards $18; after the fourth wave correction,… pic.twitter.com/49ih6wZXAs
— Dark Defender (@DefendDark) March 2, 2025
Based on the chart he shared, Dark Defender expects XRP to reach around $18 during the third wave before undergoing a corrective fourth wave. After this correction, the final wave could push XRP toward its mid-term target of $77.7.
The chart also indicates key support levels at $2.60 and $2.77, while resistance levels are projected at $5.85, $8.03, and $18.22. He emphasized that these projections are based on technical analysis rather than external fundamental factors, concluding with the disclaimer: “Not financial advice.”
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Community Reactions and Debate
Dark Defender’s projections sparked discussions among members of the XRP community. A user named Digital Numismatist questioned the logic behind the expected price movements, particularly the projected 60% drop following a peak in July 2025.
“So with all of XRP’s utility, SEC case closure, incoming partnerships around the world, ETF’s, CBDCs, RLUSD, DeFi, digital ID, you think XRP’s price is going to rise until July 2025 and then going down ~60% until July 2026 before it starts going back up again? That sounds highly illogical.”
This comment reflects a broader debate about the relationship between technical analysis (TA) and fundamental drivers such as regulatory clarity and increasing adoption. Some investors believe XRP’s price should be influenced primarily by real-world utility and demand, rather than following historical chart patterns.
Another user, netting, responded by defending the technical analysis approach, stating, “It’s not illogical. What is illogical is to put TA and utility market together. TA analyzes the chart, applies patterns and shows probabilities. But this is not the crystal ball. When utility comes, XRP prices will not follow any logic, only that of utility.”
As the market evolves, the interaction between technical patterns and fundamental drivers will remain a focal point of debate.
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 urged to do in-depth 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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