Dark Defender Sees XRP Price Surge Towards Double Digits

XRP analyst Dark Defender has published a bullish technical setup that could lead to higher prices for XRP. He claims that XRP has completed a 'triple dip' on the weekly chart, which is a key part of his analysis.

According to Dark Defender's chart, XRP has been in wave (4) after rising in wave (3). The recent decline was marked by three tests before the expected recovery. The $1 level is identified as an important support zone, and remaining above certain Fibonacci levels is crucial for his structure.

The analyst highlighted $5.85 and $9 as key upside targets, calling them part of the 'Road to double digits.' He based this on Fibonacci extensions, specifically the 261.8% level near $5.85 and the 300% extension around $9.04. The weekly RSI is relatively subdued compared to previous rallies.