XRP Targets $36 as Wave 3 Expansion Takes Shape

XRP is being framed as a market in transition between a completed first impulse and a potential third-wave expansion, according to Dark Defender. The analyst notes that a daily close above $1.5692 would open up a fast expansion toward $2.90 and $4.11.

The larger call sits much higher at $36, but this figure is considered an extreme target relative to current prices. In Elliott Wave terms, third waves are often the strongest leg of an impulse, which is why long-time followers of the count treat $36 as a cycle target rather than a next-week level.

The analyst also notes that volume conditions are starting to resemble the buildup seen before Wave 1, and pointed to a coming Nasdaq-related catalyst as part of the broader backdrop. The market still has to prove the breakout before the ambitious math matters.