XRP Price May Be Ready for New Uptrend, Dark Defender Suggests

Crypto analyst Dark Defender has shared his technical outlook for XRP, suggesting that it may have completed a five-wave downward movement and is now preparing for an upward structure. According to his analysis, XRP's next key objective is to break above $1.88 before potentially advancing toward the $3 region. This update focuses on XRP's 10-day timeframe, outlining support and resistance levels that Dark Defender believes will determine the next phase of price action.

The chart accompanying the post shows a completed five-wave corrective move, with the final leg ending near the $1.09 support zone. Dark Defender stated that XRP is now looking toward 'a move with a new structure' that could first target the $1.88 level and later extend above $3.

The analyst identified resistance levels at $1.21, $1.47, and $1.88, which would need to be overcome for a move beyond the $3 mark. The chart includes Fibonacci retracement levels and a descending trendline, suggesting that overcoming these technical obstacles would confirm the formation of the new structure.