Analyst Dark Defender Tells XRP Holders a $2 Surge May Begin in December

Following months of forming a strong technical foundation, a well-known market watcher suggests that XRP’s next major breakout is right around the corner. Crypto analyst Dark Defender (@DefendDark) has shared a comprehensive Elliott Wave roadmap for the digital asset.

The analyst pointed out that the overarching picture on the 10-day timeframe remains completely unchanged. This structure highlights price targets that could lead to an unprecedented rally for XRP.

From All-Time High to Reset

Back in July 2025, XRP hit a historic peak at $3.65. This milestone was followed by a methodical 5-wave corrective slide that dragged the token back under $1 by August. Although the downward pressure lasted for a while, it ultimately laid the groundwork for what Dark Defender views as a major trend reversal.

The subsequent bounce was fierce, driving XRP up by more than 50% in a mere 65 hours. The total advance topped 70%, lifting the token to $1.68, which marked a new multi-month peak. Dark Defender categorizes this action as Wave 1 within a fresh bullish impulse wave.

Nothing changed in the 10-day timeframe. Wave 1 is complete. Wave 2 is technically complete.

The structure is ready; the RSI is ready.

I expect the move above the $2 mark to start this month. pic.twitter.com/uCAzj8b6X8

— Dark Defender (@DefendDark) November 3, 2026

Wave 2 Nears Completion

XRP has since retreated from the $1.68 mark, transitioning into Wave 2 of the pattern. According to Dark Defender, this corrective phase is now technically finished. The cryptocurrency has spent time consolidating around the $1.20 to $1.25 zone, hovering inside a compact Fibonacci cluster positioned between the 23.6% and 38.2% retracement markers.

Meanwhile, the Relative Strength Index (RSI) has cooled down during this consolidation phase. On the 10-day chart, the RSI indicator has wound down to lower levels. Dark Defender views this development as confirmation that the trade setup is primed, noting, “The structure is ready; the RSI is ready.”

Wave 3 and the Road to $10

With the second wave coming to a close, Dark Defender anticipates the launch of Wave 3 during the current month. His initial price objective rests at $7.07, corresponding to the 361.8% Fibonacci extension. Reaching this target alone would translate to an increase of roughly 470% compared to present prices.

The projected path extends even further. Following the completion of Wave 3, the analyst forecasts a Wave 4 correction down to $4.10, matching the 261.8% extension level. From there, Wave 5 is expected to rally past $10.11, the 427.2% extension. Hitting this ultimate goal would value XRP at more than eight times its current trading price of $1.25.

Dark Defender summarizes his outlook succinctly: “I expect the move above the $2 mark to start this month.” The Fibonacci thresholds marked on the chart match up neatly with the anticipated wave goals, while the behavior of the RSI indicator on the identical timeframe further validates the timeline. Together, these technical indicators align seamlessly with the current wave count.

Frequently Asked Questions

What is Dark Defender’s primary prediction for XRP?

Dark Defender expects XRP to start a move above the $2 threshold this month, eventually targeting much higher levels like $7.07 and over $10.11 based on an Elliott Wave analysis.

What caused the reset in XRP’s price prior to this setup?

After hitting an all-time high of $3.65 in July 2025, XRP underwent a structured 5-wave corrective decline that pushed prices below $1 in August before staging a sharp recovery.

Where does Wave 2 currently stand?

Wave 2 is considered technically complete, with XRP consolidating in a tight Fibonacci cluster between the 23.6% and 38.2% retracement levels near $1.20–$1.25.

What are the long-term price targets for XRP in the analysis?

The analyst’s roadmap includes a Wave 3 target of $7.07, a Wave 4 pullback to $4.10, and a final Wave 5 target exceeding $10.11.