Dark Defender Targets XRP Price Target of $140.12
Crypto analyst Dark Defender has released a monthly XRP/USD chart that projects a potential price target of $140.12 for XRP.
The analysis uses Elliott Wave theory alongside Fibonacci extensions to outline a multi-year roadmap for the digital asset.
XRP is currently trading around $1.54 and is nearing the end of a significant corrective phase, according to Dark Defender.
The analyst identified a completed five-wave corrective pattern, labeled (1) to (5), which concludes where wave (5) and a larger wave (2) overlap.
A bullish crossover in the monthly RSI is approaching, further supporting the case for an imminent upward move.