Following a prolonged period of consolidation below key resistance levels, crypto analyst XRP Update (@XrpUdate) has published a post detailing a potential upward breakout.
By leveraging a chart from Dark Defender (@DefendDark)—one of the community’s leading analysts—the publication anticipates an explosive market rally.
The projections shared by XRP Update rely on a finished corrective structure and Fibonacci extensions, pointing toward a targeted price of $10.1101 for XRP.
$XRP WAVE 3 WILL BE EXPLOSIVE! @DefendDark’s Elliott Wave analysis points to a potential $10.11 target!
Wave 3 target: $10.1101
Key support: $1.21 and $1.12IF THIS BULLISH SCENARIO PLAYS OUT, THE NEXT MOVE WILL BE MASSIVE! pic.twitter.com/DGRIryB3By
— XRP Update (@XrpUdate) October 25, 2026
The Elliott Wave Count
Displayed on a 3-day time frame, the chart highlights a five-wave Elliott Wave sequence. The analysis indicates that XRP finished Wave 1 during the 2024 market rally, which saw gains exceeding 500%. This was succeeded by an ABC corrective structure that played out throughout 2025 and into 2026.
Throughout this correction, XRP surrendered substantial gains and underwent an extended consolidation phase that is now nearing completion. Current positioning on the chart places the asset at the bottom of wave (2) inside the broader Wave 3 sequence.
Furthermore, XRP completed its ABC structure when the price bottomed below $1 in August. Subsequent upward momentum at the close of that month formed wave (1). Should the cryptocurrency stay on its current trajectory, an aggressive surge is anticipated.
Where XRP Stands Right Now
At present, the chart positions XRP near a price band spanning from $1.21 to $1.57. Vital support levels are marked by important Fibonacci metrics, including the 38.2% retracement at $1.2133 and the 85.4% level at $1.5692. To preserve the validity of this bullish outlook, XRP Update specifically highlights $1.21 and $1.12 as critical support lines.
The Targets Ahead
Drawing parallels to conditions seen in late 2024, XRP Update anticipates a rapid breakout. The full progression of Wave 3 is mapped out via Dark Defender’s Fibonacci extension levels:
- 161.8% extension: $1.8815
- 200% extension: $2.9032
- 261.8% extension: $4.1043
- 361.8% extension: $7.0786
- 427.2% extension (Final Target): $10.1101
The mapped chart trajectory does not move vertically; instead, it incorporates multiple sub-waves and interim pullbacks along the route.
What the Analysis Requires
The realization of this bullish thesis depends entirely on maintaining specific support parameters. XRP Update notes that a drop below the $1.21 threshold would invalidate the current setup. Should the favorable scenario unfold, the resulting double-digit price objective underscores the expectation of a massive market breakout.
FAQs
What is the main price target for XRP in this analysis?
The analysis projects an ultimate price target of $10.1101 based on Fibonacci extensions.
Whose analysis is the projection based on?
The forecast is built on an Elliott Wave chart created by community analyst Dark Defender (@DefendDark) and shared by XRP Update (@XrpUdate).
What are the critical support levels to watch?
Key support floors are marked at $1.21 and $1.12, with specific Fibonacci retracement levels noted at $1.2133 (38.2%) and $1.5692 (85.4%).
What happens if XRP drops below support?
If the price falls below $1.21, it would challenge and invalidate the current bullish Elliott Wave structure.
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Written by
Elara Winter
