Dark Defender Sticks to $333 XRP Target Amid Bullish Elliott Wave Projection
Crypto analyst Dark Defender has published a 3-month XRP/USD chart analysis outlining a major bullish Elliott Wave projection. The analysis identifies a completed corrective structure and a developing impulse wave labeled Grand Wave 3 that targets $333.
The chart covers price action from 2013 to a projected timeline extending toward 2030. Dark Defender labels the corrective period between 2018 and 2024 as a 5-wave structure labeled A to E, with XRP completing that structure in late 2024 after it rallied 500%, reaching above $3 for the first time since 2018.
The Wave Count and What It Projects From the (E) low, Dark Defender counts a fresh impulse sequence beginning. Wave (1) of the new structure topped at XRP's all-time high of $3.65. Wave (2) then pulled back to $1, below the support zone around $1.88 to $2.90, aligning with the 161.8% and 200% Fibonacci extension levels.
XRP currently sits near $1.3073. The asset experienced a notable breakout in late August, with Dark Defender suggesting Wave (2) may have ended. He sees this as the base from which Wave (3) launches.