The XRP price is trading around $1.90 now during the ongoing market crash, but Ripple’s community stays positive about future movements.
Analyst ‘Dark Defender’ posted a viral XRP chart that points to price pump.
What you'll learn 👉
Elliott Wave Theory Suggests Major XRP Rally Ahead
The chart shared by Dark Defender uses Elliott Wave Theory to map out XRP’s market cycles. According to this analysis, XRP completed a strong bullish Wave (3) that peaked in early 2025. Currently, the market is experiencing a Wave (4) correction that appears to be finding its bottom around the $1.88 support level.
What makes this chart particularly interesting is the projection for Wave (5), which suggests XRP could push toward significant new highs between $5.85 and potentially above $8.50. This would represent a substantial gain from current levels if the pattern plays out as forecasted.
The $1.88 support zone was identified by Dark Defender back in September 2023 and corresponds to the 161.8% Fibonacci extension from an earlier wave. This level has become critical, with the analyst noting that “$1.8815 is holding firm” despite recent market turbulence.
There is no change in our #XRP Monthly Frame.
— Dark Defender (@DefendDark) April 7, 2025
$1.8815 is holding firm.
USD's Chaos is Normal for the #Crypto.
Road to ATH.
Remember, remember. pic.twitter.com/L1SWunWcx7
Technical Indicators Supporting the Bullish Case
The XRP chart reveals a descending wedge or corrective triangle pattern forming during the current Wave (4) correction. These patterns typically signal a consolidation period before a breakout, with the expected direction being a sharp upward move.
Weekly candlestick patterns show recent selling pressure through March and April 2025, visible as red candles. However, the long wicks on several of these candles indicate strong buying support emerging at lower levels, particularly near the $1.88 zone.
Dark Defender’s accompanying message reinforces his long-term bullish view. “There is no change in our XRP Monthly Frame,” he states, suggesting that despite short-term volatility, the larger pattern remains intact. His comment that “USD’s Chaos is Normal for the Crypto” dismisses recent market turbulence as typical noise that doesn’t affect the long-term trend.
The $5.85 target marked on the chart represents the 261.8% Fibonacci extension level, a common projection tool used by technical analysts. If XRP breaks out of its current correction pattern, this would be the first major target, with potential for even higher prices beyond.
Read also: Ripple (XRP) Price Set to Surge? Key Drivers Point to $10+
Dark Defender believes XRP will reach new all-time highs. His “Road to ATH” comment shows he thinks XRP will go past its previous high of $3.40 and climb much higher. This analysis looks at the big picture instead of daily price moves. While no technical analysis is certain, watching if the $1.88 support holds will tell us if this bullish prediction might come true.
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