Cryptocurrency analyst Dark Defender suggests that XRP could head toward significantly higher valuations should it wrap up its ongoing correction and kick off the next bullish leg.
His latest breakdown revisits an Elliott Wave configuration he has closely monitored since the initial week of September, sustaining a long-term price target of $10.1101. Nevertheless, XRP must first break through multiple resistance barriers and validate the conclusion of its corrective period before this anticipated rally can materialize.
Writing on the social media platform X, Dark Defender noted that XRP has finalized Wave 1 and appears close to wrapping up Wave 2. He also pointed back to a previous assessment from September 12, which outlined the specific technical markers he continues to watch as the asset fights to recover.
His five-day chart highlights a prospective path toward $10.1101, though this forecast relies heavily on XRP adhering to the predicted Elliott Wave sequence.
We have been discussing in detail the possibility of expanding C Wave under the subject conditions since the first week of September.
Wave 1 is complete, Wave 2 will be complete, and XRP will target Wave 3.
Please see the subject post from 12 September below: pic.twitter.com/vOt4180FoE
— Dark Defender (@DefendDark) October 8, 2026
XRP Faces Resistance at $1.4445
Dark Defender’s four-hour chart points to $1.33 as a vital support floor and $1.4445 as the immediate ceiling. In his September 12 evaluation, he observed that XRP bounced off the $1.33 mark prior to ascending toward $1.4445, where selling pressure ultimately halted the advance.
The analyst considered that rejection entirely normal given his forecasts. He clarified that an initial attempt by XRP to pierce a descending resistance line frequently falls short before a subsequent breakout is mounted. Consequently, he retained his optimistic stance despite the pullback, while stressing that the token needs to conquer resistance to confirm the end of Wave 2.
Additionally, Dark Defender highlighted $1.3798—the 61.8% Fibonacci retracement level—as a critical threshold. A sustained push past this marker could bolster XRP’s recovery efforts, while a four-hour candlestick close above $1.4445 would offer more robust confirmation of an impending breakout.
Conversely, a drop beneath $1.33 would undermine the bullish setup. Dark Defender cautioned that such a downward breach might ignite an expanded Wave C correction, leaving XRP vulnerable to lower downside targets at $1.2939 and $1.2133.
RSI Shows Improving Momentum, but Resistance Remains
To gauge XRP’s near-term strength, Dark Defender also evaluated the Relative Strength Index (RSI) alongside the Ichimoku Cloud.
His September 12 update logged a four-hour RSI figure of 46.65, sitting above its 39.41 signal line. He viewed this crossover as an indication of strengthening bullish momentum following the asset’s bounce from support.
Even so, the Ichimoku Cloud continued to signal overhead supply. Dark Defender pointed to the $1.42 zone as a crucial hurdle that XRP must clear before the short-term outlook can brighten further.
Altogether, these indicators point to growing buying interest, though XRP still requires a decisive break through resistance for the charts to validate a lasting recovery.
Five-Day Chart Maintains the $10.11 Target
Looking at the broader picture, Dark Defender’s longer-term chart frames XRP’s initial push toward $1.6992 as Wave 1, followed by the corrective Wave 2. Assuming this correction concludes as expected, he maps out a potential Wave 3 surge toward $7.0786, with subsequent wave extensions potentially driving the price up to $10.1101.
The analyst also designated $1.8815 as a major level that XRP must reclaim to solidify the macro bullish outlook. However, this entire projection hinges on the market successfully completing the anticipated wave pattern.
Responding to the findings, market participant Siwers | LHT remarked that Wave 3 could turn out to be especially impactful for XRP if Waves 1 and 2 unfold as mapped out, while also noting that the market must first validate the setup.
For the time being, Dark Defender’s outlook relies on XRP holding its support zones and pushing past overhead resistance, meaning the $10.11 target remains a technical projection rather than a guaranteed destination.