Crypto analyst Dark Defender (@DefendDark) maintains a firm outlook regarding XRP. He anticipates a major rally on the horizon, viewing the current downward price trend as the ultimate hurdle prior to the breakout. In a recent post, he stated: “XRP’s Massive Wave 3 will silence the corridors.”
The Setup
Dark Defender’s technical chart indicates that XRP is wrapping up a Wave 2 correction on the daily timeframe. Wave 2 corrections arrive after an initial impulsive upward push, serving to reset valuations ahead of the subsequent leg up.
According to Elliott Wave theory, the phase following Wave 2 is Wave 3, recognized as the most powerful and longest wave within any impulse cycle. This is the exact movement Dark Defender expects to unfold.
Wave 2 in a nutshell. A bit left to complete this correction.
XRP's Massive Wave 3 will silence the corridors.#XRPArmy $XRP pic.twitter.com/glU5O1obRn
— Dark Defender (@DefendDark) October 29, 2026
Where the Correction Stands
This corrective phase is nearing completion. Following its rally in late August, XRP reached a Wave B peak near $1.68. Since then, it has retraced through a five-wave formation, with four of those waves already finished. Only Wave 5 remains, aiming for the 38.2% Fibonacci level at $1.2133.
XRP currently trades at $1.2893, sitting roughly 6% above that projected target. Addressing the remaining downward movement in his post, Dark Defender noted, “A bit left to complete this correction.”
Why $1.2133 Is Significant
The 38.2% Fibonacci retracement level located at $1.2133 is purposeful. Fibonacci retracements are standard tools in technical analysis utilized to pinpoint where price corrections typically find their exhaustion points.
A Wave 2 correction securing support at the 38.2% mark is a textbook scenario under Elliott Wave principles. Dark Defender’s chart places this as the asset’s bottom before the market structure turns bullish.
Furthermore, the chart highlights a secondary level at $1.5692, which corresponds to the 85.40% retracement. This threshold previously functioned as resistance during the Wave 4 bounce and is expected to serve as a key reference level once prices begin to rebound.
The Wave 3 Projection
Once Wave 5 concludes and the broader correction ends, Dark Defender’s technical outlook positions XRP for a Wave 3 advance. Wave 3 movements typically feature intense momentum, heavy volume, and extended price targets that surpass the preceding Wave 1 high.
Although his chart does not outline a specific price ceiling for Wave 3, his phrasing suggests he expects a move of significant scale.
The Bottom Line
Dark Defender views XRP as being very close to finishing a major correction phase. The recent pullback features a structured decline, a specific target, and a logical stopping point.
Beyond this conclusion, he anticipates a market wave that will, in his own words, “silence the corridors.” He does not view the current price action with concern, but rather as an ongoing buying opportunity in progress.
FAQs
What is XRP’s Wave 3 according to Dark Defender?
Dark Defender expects Wave 3 to be a powerful and long impulse wave following the completion of the current Wave 2 correction, bringing strong momentum, high volume, and massive upside potential.
What is the current target for the XRP correction?
The final leg of the correction (Wave 5) is targeting the 38.2% Fibonacci retracement level at $1.2133.
Where did XRP peak before this current correction?
XRP peaked at a Wave B high near $1.68 following a strong rally in late August.
How does Elliott Wave theory view Wave 2 and Wave 3?
Wave 2 is a corrective phase that resets the price after an initial upward move, while Wave 3 is typically the longest and most powerful wave in the entire impulse sequence.
Explained in this article
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Written by
Elara Winter
