Cryptocurrency analyst Dark Defender continues to monitor XRP price movements, presenting a structured narrative through his latest chart. Having taken off from a price of $0.98, the digital asset has progressed through several Elliott Wave structures that the analyst suggests point toward a major upward trajectory.
The Journey So Far
An August breakout for XRP initiated what Dark Defender identifies as Wave 1, propelling the token from $0.98 to nearly $1.70 within an eight-day span. This was succeeded by Wave 2, which brought a price retracement through Ichimoku-based “Kumo Clouds.”
That correction has now concluded. Having moved past those levels, the asset has entered Wave 3, according to the analyst. Summarizing the present phase, Dark Defender noted, “The runway is behind us. We are now climbing with Wave 3.”
Ladies and gentlemen, and dear children.
Flight X589 departed at $0.98 and reached Wave 1 at $1.70 in eight days.
We had a little turbulence through Wave 2 Kumo Clouds.
Passengers on the left, please look out the window.
The runway is behind us.
We are now climbing with… pic.twitter.com/ktqHMWsqUg
— Dark Defender (@DefendDark) October 2, 2026
What the Chart Shows
On the daily timeframe, the accompanying chart details a five-wave Elliott Wave pattern divided into two layers of labels. A smaller white inner sequence numbers the waves (1) through (5), while a larger blue sequence inside parentheses outlines the broader macro movement forecasted by the analyst.
At present, the chart positions the price around the 85.40% extension mark of $1.5692 as the larger sequence unfolds. Based on this wave count, the projection anticipates an upward continuation via wave (3) toward the 361.80% Fibonacci extension at $7.0786. Afterward, a corrective wave (4) is mapped back to the 261.80% level at $4.1043, followed by a final wave (5) aimed at the 361.80% extension of $18.2275.
Additional intermediate milestones identified on the chart include the 200% level at $2.9032, the 261.80% level at $4.1043, and the 427.20% extension at $10.1101.
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The Fibonacci Structure
The entirety of the price projection relies on Fibonacci extensions, which Dark Defender uses to map out specific targets. By aligning every wave peak and trough with a designated extension, the framework provides a measurable blueprint instead of a vague directional prediction.
Positioned just beneath the current price, the 70.20% level at $1.4445 acts as immediate support. Meanwhile, the 161.80% level at $1.8815 serves as the next notable resistance point, a threshold previously emphasized by the analyst.
The detailed nature of the chart and the certainty in the commentary stand out. With the Elliott Wave count established from the initial $0.98 foundation and Wave 3 underway, $1.8815 remains the critical next benchmark to monitor.