XRP Grand Wave III: Dark Defender Sees Triple-Digit Prices Ahead

Crypto analyst Dark Defender has published a technical analysis declaring that XRP's Grand Wave III is now in progress. The chart, which begins in 2013, shows XRP approaching the lower blue support channel for the fourth time.

The Blue Support Channel and Its History: According to Dark Defender, every time XRP's price touched this support line, a major surge followed. This setup preceded Grand Wave III, which pushed XRP above $3 in 2017/18 and caused the 500% surge that pushed it above $3 again.

The chart shows three historical touches of this support, each preceding significant price expansions. Before the current move, XRP completed a corrective structure labeled A, B, and C. The (A) wave marked a trough around 2019-2020, while the (B) wave pushed higher into 2021.

Fibonacci Targets Define the Upside: Dark Defender's analysis highlights Fibonacci extension levels that project the potential scale of Grand Wave III. These levels include $18.2275 at 361.8%, and $333.1167 at 161.8%. The analyst has previously set this target for XRP, revealing his plans not to sell tokens until it is reached.