Dark Defender Sees Parabolic Move for XRP Amid Technical Turning Point

Crypto analyst Dark Defender has released an analysis that suggests XRP could be approaching a significant technical turning point, potentially leading to a sharp upward move after an extended correction.

According to Dark Defender's chart, XRP is nearing the completion of its corrective structure and may resume its broader upward trend. The setup shows several waves marked across the decline, with the highlighted green area representing the zone where Dark Defender expects the next significant price reaction.

The chart projects a substantial continuation higher if XRP follows the technical structure outlined by Dark Defender. Several Fibonacci levels define his broader upside projection, including 161.80% and 200% extensions at approximately $1.88 and $2.90 respectively. The most prominent upside level shown is the 261.80% extension around $5.86.

XRP's price action would need to overcome significant resistance and establish sustained trading above key levels for Dark Defender's broader bullish projection to gain stronger confirmation.