Crypto analyst Dark Defender (@DefendDark) shared a monthly XRP/USD chart that targets $140.12. The analyst said XRP’s parabolic move is inevitable. The analysis uses Elliott Wave theory and Fibonacci extensions to map a projected path that spans several years.
XRP currently trades near $1.54, and the analyst believes a major corrective phase is nearing its end.
The Wave Structure
The chart shows a completed five-wave corrective sequence labeled (1) through (5) in the 2025-2026 period. This smaller degree structure bottoms where wave (5) and the larger degree wave (2) converge. Dark Defender has circled this area on the chart, and the monthly RSI is heading up, currently sitting on the verge of a bullish crossover.
That convergence founded his bullish case. Once wave (2) of the larger degree completes, his count projects a powerful wave (3) advance targeting the 200% Fibonacci extension at $34.83. Wave (4) would then pull back before wave (5) pushes to the 261.8% extension at $140.12, the highest target.
I locked into #XRP.
A Parabolic Move is inevitable soon.
⁽ⁿᵒᵗ ᶠⁱⁿᵃⁿᶜⁱᵃˡ ᵃᵈᵛⁱᶜᵉ ᵇᵘᵗ ʲᵘˢᵗ ᵐʸ ᵗʰᵒᵘᵍʰᵗˢ ᵒⁿˡʸ⁾ pic.twitter.com/jq221eSOOc— Dark Defender (@DefendDark) September 27, 2026
Fibonacci Levels to Watch
The chart marks several Fibonacci levels as reference. The 161.8% extension sits at $14.73. Below that, the 361.8% extension sits at $7.08 and the 427.2% extension at $10.11. These lower levels appear within the projected wave (4) retracement zone, giving traders potential areas to watch during the expected corrective phase between waves (3) and (5).
The full projection extends to 2029 on the time axis. This multi-year outlook and the Fibonacci levels provide concrete price areas to monitor as structure develops.
Community Responses
The post drew varied reactions. One account noted that XRP is reaching a zone that could define the coming months. She added that a monthly close above resistance with volume would shift the chart significantly. That confirmation is crucial.
We are on X, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) June 15, 2025
Another expressed confidence in the analyst and encouraged others to share that confidence. However, not everyone was optimistic. One commenter said Dark Defender posted about XRP going parabolic 3-4 years prior, suggesting the move hasn’t materialized.
Price Action Remains the Deciding Factor
Dark Defender’s chart is built on a specific wave count. The entire projection rests on wave (2) of the larger degree completing at the current corrective low. XRP trades near $1.54, well below even the first major Fibonacci level at $14.73. The upcoming Wave (3) could change things quickly as the parabolic rally builds.