XRP Analyst Points to Technical Chart for Growth Potential

Crypto analyst Dark Defender has presented a comprehensive technical outlook for XRP. Through a recent post on X, he pointed out a vital trigger level that could launch the digital asset into its most aggressive Elliott Wave phase to date.

Following a late-August rally that saw XRP peak at $1.68, the asset transitioned into a corrective phase. This correction has traced out a standard ABC pattern on the daily time frame.

The initial downturn formed Wave A, a sharp yet brief recovery materialized as Wave B, and Wave C/5 brought the valuation down to its present range near $1.31. According to Dark Defender, this corrective period is nearing its conclusion.

The market structure established a low near $0.9852 earlier in the cycle. Building upon that trough, XRP formed the corrective sequence that has since narrowed the price action down into an important support region, prompting Dark Defender to declare that “XRP is ready.”

The charts say: #XRP is ready.

RSI is Go; Ichimoku is pending.
Above $1.56, XRP will move fast for Grand Wave 3.

Primary Resistances: $1.8815 and $2.9032
Supports: $1.2939, $1.2133 pic.twitter.com/wGDianEddQ

— Dark Defender (@DefendDark) November 4, 2026

$1.56 is the Line

Dark Defender highlights $1.56 as the primary catalyst. Moving past that threshold is expected to trigger the start of Grand Wave 3. Within Elliott Wave principles, Wave 3 typically serves as the most powerful and extended segment of an impulse wave. A decisive close above $1.56 would indicate the conclusion of the correction and the onset of the next major upward trend.

Fibonacci extensions mapped on the chart outline specific upside milestones. The initial primary resistance is positioned at $1.8815, representing the 161.8% extension, while the subsequent major objective is $2.9032 at the 200% extension. Additional intermediate resistance barriers at $1.5692, $1.4445, and $1.3798 stand to be tested during the ascent.

RSI and Ichimoku Give a Split Reading

Dark Defender evaluates the Relative Strength Index (RSI) as a green light. Registering at 40.44, the indicator rests just above oversold territory, providing plenty of upside runway for a substantial XRP rally before approaching overbought conditions. Meanwhile, the Ichimoku cloud presents a contrasting picture for the moment, viewed as “pending” because XRP has yet to break above the cloud to confirm bullish alignment.

Support Levels Define the Risk Zone

The analyst flags $1.2939 and $1.2133 as critical floors that must be maintained. These figures align with the 50% and 38.2% Fibonacci retracement markers, respectively. Trading near $1.31, the current price hovers just above these parameters, keeping the cryptocurrency inside the required boundaries to preserve the setup’s validity.

Targets in Focus

The overarching price projection targets $1.2939 as the baseline, with a push toward $1.8815 as the initial major milestone, followed by an extension to $2.9032 assuming sustained momentum. Both objectives rely on securing a definitive breakout and hold above $1.56. Until that level is surpassed, the pattern remains a pending configuration awaiting confirmation.

Frequently Asked Questions

What is the key trigger price for XRP according to Dark Defender?

Dark Defender has identified $1.56 as the critical trigger level. Moving above this threshold is expected to kick off Grand Wave 3.

What are the primary upside targets for XRP in this analysis?

The first major resistance target is set at $1.8815 (the 161.8% Fibonacci extension), with a secondary target at $2.9032 (the 200% extension).

What do the technical indicators say about XRP’s current momentum?

The RSI is sitting at 40.44 (labeled as “Go” by the analyst) just above oversold conditions, while the Ichimoku cloud indicator is marked as “pending” because XRP has not yet cleared the cloud.