The technical landscape for XRP is heating up, and according to renowned crypto analyst Dark Defender, the asset may be poised for a significant bullish breakout. With XRP appearing oversold on both the 4-hour and daily timeframes, traders and analysts are closely watching for what could be the beginning of a strong upward move, potentially the start of a long-anticipated fifth wave in the broader Elliott Wave cycle.
Hi all! #XRP on the 4-hour and daily chart is oversold!
We have a great Wave C formed already.
So, considering our monthly 5th Wave, weekly chart indications are expected to turn bullish.
XRP is ready to make the move first above $2.
Have a great day,
Dark pic.twitter.com/iBPAvPym7T— Dark Defender (@DefendDark) April 9, 2025
Oversold Conditions: A Launchpad for Recovery
Oversold conditions, especially when they align across multiple timeframes, often signal that a correction may be exhausted and that a reversal is imminent. Dark Defender emphasizes that the 4-hour and daily charts for XRP are flashing these signals, setting the stage for a technical rebound. Historically, such confluences have served as powerful springboards for price acceleration, particularly in assets with strong fundamental backing and ongoing institutional developments like XRP.
This oversold reading suggests that selling pressure may have reached its climax, leaving little room for further downside and increasing the probability of a bullish reversal. With momentum indicators like the Relative Strength Index (RSI) dipping into deeply oversold territory, bargain hunters and strategic bulls are likely preparing to re-enter the market.
Wave C Completion and the Elliott Wave Framework
In the same post, Dark Defender notes that a solid Wave C structure has already been formed. Within the Elliott Wave Theory, Wave C marks the final leg of a corrective phase—often followed by the onset of a new impulsive move. If Wave C is complete, as the charts suggest, then XRP may be transitioning into the beginning of a new bullish sequence.
Elliott Wave analysts often look for confirmations across multiple timeframes. In this case, the monthly chart indicates a fifth wave formation is due, while the weekly outlook is also expected to turn bullish. When long-term market trends align with short-term indicators, it often signals that a more significant and dependable shift in market direction is approaching. This alignment can indicate a trend is gaining strength and is more likely to be sustained over time.
The $2 Target: Technical and Psychological Relevance
Dark Defender projects that XRP is ready to move above the $2 level—a price zone with psychological and technical significance. During previous bull runs, $2 acted as a key resistance point, and breaching it would likely attract renewed interest from sidelined investors and traders. A successful breakout above $2 could open the door to even higher targets, particularly if macroeconomic conditions and regulatory clarity continue to improve.
This price objective also coincides with broader bullish expectations tied to Ripple’s recent expansion efforts and acquisitions, including the $1.25 billion purchase of Hidden Road. Institutional infrastructure is being laid rapidly, and XRP remains at the core of Ripple’s strategy to bridge traditional finance and blockchain-powered solutions. With such a backdrop, the $2 level becomes more than a technical target—a symbolic confirmation of renewed strength and adoption.
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Weekly Bullish Crossover Incoming?
A potential key bullish crossover on the weekly chart is emerging, which could further support the bullish outlook for XRP. This crossover, if confirmed, would be a significant technical indicator, adding momentum to the bullish thesis.
If moving averages or momentum oscillators such as the MACD converge in a bullish pattern over the coming days, it would further reinforce the idea that XRP is entering the next phase of its long-term uptrend. Historical data support that such crossovers often precede multi-week rallies, especially when supported by substantial volume and favorable market sentiment.
Eyes on the Charts, Fundamentals in Place
While short-term volatility remains part of the crypto landscape, the current technical picture for XRP, as outlined by Dark Defender, appears promising. Oversold conditions on both the 4-hour and daily charts, the completion of Wave C, and longer-term bullish setups converge to create an environment ripe for upward movement.
As XRP approaches the $2 mark, a significant milestone, holders may witness the early stages of a substantial breakout. This potential breakout is supported by both technical and fundamental factors, aligning with the ongoing growth and development of Ripple’s ecosystem.
In the ever-volatile world of digital assets, nothing is guaranteed. But if the charts—and analysts like Dark Defender—are any indication, XRP may be on the verge of reminding the market why it remains one of the most watched cryptocurrencies in the space.
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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