Dark Defender Sees XRP Reaching $1,000 After 'Biggest Cup & Handle Ever' Forms

Crypto analyst Dark Defender has identified a massive long-term Cup-and-Handle pattern on XRP's monthly chart, which is now moving towards a major breakout zone.

The pattern has formed over several years, from around 2017 to 2026. Dark Defender sees this setup as the 'biggest Cup & Handle ever' for XRP.

The handle of the pattern was formed after the 2021 peak, when XRP entered a long consolidation before starting its latest recovery. With the pattern now complete, Dark Defender is looking at the Fibonacci levels above the current price to map out XRP's possible next moves.

XRP is currently trading around $1.61. According to Dark Defender, clearing the 161.8% Fibonacci extension of $1.88 could bring higher targets into focus, including $18.22, $74.39 and $333.12. These levels are technical projections and do not guarantee that XRP will reach them.

Dark Defender's longer-term view sees XRP reaching $750-$1,000, with potential for the targets to move into the five-digit range. The analyst has based his earlier targets on factors including tokenized asset growth, circulating supply velocity, and historical patterns.