Following a prolonged period of consolidation beneath key resistance barriers, crypto analyst XRP Update (@XrpUdate) published a post outlining a potential major upward trajectory for XRP.
Utilizing a chart provided by Dark Defender (@DefendDark), a well-known member of the community, XRP Update anticipates an explosive price rally.
Drawing on Fibonacci extensions and a finished corrective pattern, the forecast sets an ambitious price target of $10.1101 for XRP.
$XRP WAVE 3 WILL BE EXPLOSIVE! @DefendDark’s Elliott Wave analysis points to a potential $10.11 target!
Wave 3 target: $10.1101
Key support: $1.21 and $1.12IF THIS BULLISH SCENARIO PLAYS OUT, THE NEXT MOVE WILL BE MASSIVE! pic.twitter.com/DGRIryB3By
— XRP Update (@XrpUdate) October 25, 2026
The Elliott Wave Count
Displayed on the 3-day timeframe, the chart maps out a five-wave Elliott Wave sequence. The analysis indicates that XRP finished Wave 1 during its 200%+ surge in 2024—when gains exceeded 500%—before transitioning into a corrective ABC structure spanning 2005 and 2006.
During this correction, XRP gave back substantial gains and went through an extended consolidation phase that is now nearing its end. The chart positions the current level at the bottom of wave (2) within the broader Wave 3 framework.
The ABC correction officially concluded when XRP dropped below the $1 threshold in August. Subsequent upward momentum at the close of that month established wave (1), setting the stage for what the analyst projects will be a powerful breakout.
Where XRP Stands Right Now
The chart currently tracks the asset between $1.21 and $1.57, a zone reinforced by key Fibonacci metrics. Specifically, the 38.2% retracement is found at $1.2133, while the 85.4% level rests at $1.5692. To preserve the validity of this bullish outlook, XRP Update highlights $1.21 and $1.12 as critical support floors.
The Targets Ahead
Drawing parallels to market conditions in late 2024, XRP Update anticipates a rapid breakout. Dark Defender’s Fibonacci extensions outline the trajectory for Wave 3, starting with the 161.8% extension at $1.8815 and the 200% level at $2.9032.
Further up, the 261.8% extension points to $4.1043, and the 361.8% extension targets $7.0786. The ultimate goal is mapped to the 427.2% extension at $10.1101. However, the projected route includes minor sub-waves and interim pullbacks rather than a vertical climb.
What the Analysis Requires
XRP Update emphasized that this bullish thesis hinges on the asset maintaining its key support thresholds. A drop below $1.21 would invalidate the current count. Should the bullish scenario hold true, the analyst expects an enormous breakout, anchored by his double-digit target.