Dark Defender Says Nothing Has Changed. XRP to $8 Is At Sight. Here’s why

XRP has returned to a level that crypto analyst Dark Defender (@DefendDark) believes could play a key role in the asset’s next major move.

In a recent post, the analyst pointed to a repeat test of a previous corrective zone while highlighting oversold conditions across both price structure and momentum indicators.

His chart shows XRP revisiting the same support region that it hit during the flash crash in February. This area near $1.12 previously marked a Wave 4 correction within his Elliott Wave count. The analyst also noted that “Both price and RSI are in oversold territory,” suggesting that selling pressure may have reached an exhaustion point.

Elliott Wave Structure Remains Intact

The chart presents a long-term Elliott Wave roadmap stretching from 2021 through projected price action into 2027. Dark Defender’s count shows XRP completing a major ABC corrective structure before beginning a new impulsive advance.

Within that advance, the chart identifies Waves 1 through 5. XRP’s surge from late 2024 into early 2025 forms the foundation of the bullish wave sequence. The recent decline appears as a Wave 4 correction, with the current price action sitting near the same support area that held in February.

A key feature of the chart is the repeated interaction with the Wave 4 zone. Dark Defender views this second test as confirmation that the corrective structure remains valid. The chart does not show a breakdown below the highlighted support region. Instead, it suggests XRP continues to consolidate near the lower boundary of the correction.

A Potential Turning Point

The RSI adds another layer to the setup. Dark Defender marked two low points on the RSI indicator. Both readings sit near oversold levels around the 30 mark. The latest reading remains close to that area, matching the analyst’s observation that momentum has weakened significantly.

Historically, traders often watch oversold RSI conditions for signs that downward momentum may be fading. On the chart, the RSI retest mirrors the price retest, creating a technical alignment between support and momentum.

Targets for XRP

The projected path on the chart points to a strong Wave 5 advance following completion of the current correction. Dark Defender identifies several upside levels using Fibonacci extensions.

The first major target is around $1.88, which corresponds to the 161.8% extension. Above that, the chart highlights $3.56 at the 361.8% extension and $5.86 at the 261.8% extension shown within the projected Wave 5 move.

Dark Defender summarized his outlook by stating that “Nothing has changed,” adding that his $8-18.22 target range is still feasible for XRP.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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