Cryptocurrency analyst Dark Defender has presented a comprehensive technical outlook for XRP, highlighting a specific trigger level in a recent post on X that could propel the asset into its most robust Elliott Wave phase yet.
Following the late August rally, XRP reached a peak of $1.68 before transitioning into a corrective sequence that has traced a traditional ABC structure across the daily timeframe.
The initial downturn was marked by Wave A, while Wave B generated a brief yet sharp rebound, leading into Wave C/5 which brought the price down toward its current trading zone near $1.31. According to Dark Defender’s analysis, this correction is nearing completion.
The structure established a bottom near $0.9852 earlier in the cycle, forming the base for the subsequent correction that has compressed the price into a vital support region. Asserting that outlook, Dark Defender declared 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
Pointing to $1.56 as the primary catalyst, Dark Defender expects Grand Wave 3 to begin once the asset breaches this threshold. Within Elliott Wave methodology, Wave 3 frequently emerges as the most powerful and extended segment of an impulse sequence. A decisive move past $1.56 would indicate the conclusion of the corrective phase alongside the initiation of the next major upward trend.
Fibonacci extensions mapped on the chart outline clear upside objectives, establishing the initial primary resistance at $1.8815, which aligns with the 161.8% extension. The secondary major target stands at $2.9032, representing the 200% extension, with intermediate resistance barriers at $1.5692, $1.4445, and $1.3798 expected to face tests along the ascent.
RSI and Ichimoku Give a Split Reading
Characterizing the Relative Strength Index as a “Go,” Dark Defender notes the indicator reads 40.44, placing it just above oversold territory and providing ample space for a substantial XRP rally before entering overbought conditions. Conversely, the Ichimoku cloud presents a differing short-term outlook, labeled as “pending” because XRP has yet to break above the cloud structure to fully confirm the bullish alignment.
Support Levels Define the Risk Zone
The critical boundaries designated to safeguard against downside risk are $1.2939 and $1.2133, which coincide with the 50% and 38.2% Fibonacci retracement levels, respectively. Trading near $1.31, the current price hovers just above these crucial supports, maintaining the validity of the technical setup.
Targets in Focus
The comprehensive projection targets an initial advance to $1.8815, followed by an extension toward $2.9032 should momentum persist. Both projections rely entirely on a verified breakout and stabilization above the $1.56 mark, keeping the pattern in a pending state until that threshold is successfully cleared.