Crypto analyst Dark Defender (@DefendDark) maintains a firm stance on XRP, expressing confidence that a substantial rally is on the horizon and viewing the ongoing price pullback as the final hurdle. In a recent post, he stated: “XRP’s Massive Wave 3 will silence the corridors.”
The Setup
According to Dark Defender’s analysis, XRP is wrapping up a Wave 2 correction on its daily chart. These corrections materialize after the initial upward impulse, cooling down prices before the next leg up.
Within Elliott Wave theory, Wave 3 immediately succeeds Wave 2 and stands out as the most powerful and extended phase in any impulse sequence—the exact movement Dark Defender anticipates.
Wave 2 in a nutshell. A bit left to complete this correction.
XRP's Massive Wave 3 will silence the corridors.#XRPArmy $XRP pic.twitter.com/glU5O1obRn
— Dark Defender (@DefendDark) October 29, 2026
Where the Correction Stands
This consolidation phase is nearly finished. Following its rally in late August, XRP reached a Wave B peak close to $1.68 and subsequently retreated in a five-wave pattern. With four waves already finished, just the fifth wave remains, pointing toward the 38.2% Fibonacci marker at $1.2133.
XRP trades at $1.2893 at present, sitting roughly 6% above that projected target. Acknowledging the remaining path downward, Dark Defender noted, “A bit left to complete this correction.”
Why $1.2133 Is Significant
The 38.2% Fibonacci retracement level of $1.2133 serves a specific technical function, as traders regularly rely on these thresholds to determine where pullbacks generally lose momentum.
A Wave 2 pullback finding support at the 38.2% mark represents a classic pattern in Elliott Wave methodologies. Dark Defender’s charts place this as the asset’s bottom before the market structure turns bullish.
Additionally, the charts highlight an 85.40% retracement marker at $1.5692. This threshold previously functioned as resistance during a Wave 4 bounce and is expected to serve as a key point of interest during the upcoming recovery.
The Wave 3 Projection
positions XRP for a Wave 3 advance. These waves are typically marked by robust momentum, heavy trading volume, and targets that exceed the peak of Wave 1.
While the charts do not provide a specific numerical price target for Wave 3, the analyst’s phrasing clearly indicates expectations of a massive scale.
The Bottom Line
Dark Defender views XRP as being very close to finalizing a significant correction phase, complete with a structured descent, a defined target, and a clear logical conclusion.
Beyond that endpoint lies a movement he believes will “silence the corridors.” Rather than signaling trouble, current price levels are interpreted as an ongoing buying opportunity in progress.