XRP Chart Sees Bullish Outlook with $1.88 Target

Crypto analyst Dark Defender has shared an optimistic long-term chart for XRP, predicting that the asset's price structure supports a bullish outlook. The monthly chart shows a multi-year technical formation from XRP's previous market cycles through its latest price action.

The analysis highlights what appears to be a completed corrective phase before projecting a new impulsive move that could unfold over the coming years. According to Dark Defender, XRP has already formed waves one and two of the larger cycle and is currently positioned near an important support region.

The critical support zone identified by Dark Defender is around $1, with Fibonacci extension levels serving as future price objectives. The chart highlights the 161.8% Fibonacci extension near $1.88 as an important milestone before higher extension targets come into focus.