Dark Defender sees double digit surge for XRP if price breaks $1.56 resistance

Crypto analyst Dark Defender has shared a new technical outlook for XRP, outlining a path to significant gains if the digital asset can surpass key resistance levels. Focusing on Elliott Wave theory, the analyst offered a detailed scenario for a move toward double digits, contingent on crucial support holding firm.

The $1.29 support level shapes the bullish thesis

XRP’s current price has hovered near $1.33, with its recent market structure described by Dark Defender as a completed Wave 2 in the Elliott Wave sequence. According to the analysis, this corrective wave unfolded as an ABC running flat, with the lows and highs from late August to September forming distinct legs on the daily chart. The Wave C decline down to $1.29 now functions as the foundation for the bullish setup, with that price serving as critical support.

Dark Defender emphasized that the bullish outlook remains intact as long as the $1.29 level holds. This point matches the 50% Fibonacci retracement of the prior rally and is seen as confirmation that the corrective wave has ended, opening the door for the next rally phase.

The analyst noted XRP faces immediate resistance between $1.44 and $1.56, corresponding to the 70.2% and 85.4% Fibonacci retracement levels. Despite recent consolidation, Dark Defender expressed confidence that the market structure remains unchanged.

XRP completed Wave 2 as an ABC running flat, with $1.29 as the decisive support. As long as XRP holds this level, the next resistance to test is $1.44 to $1.56. If the price moves above $1.56, double digit levels could be reached quickly.

On the technical side, XRP has moved in a narrow range near $1.33. The daily Relative Strength Index (RSI) is close to 42. The potential for a bullish crossover signals that momentum has not faded and could further support the bullish scenario if confirmed.

Fibonacci targets point to further upside

If the anticipated Wave 3 rally materializes, chart projections show three major Fibonacci extension targets. The 161.8% extension is set at $1.88, followed by the 200% extension at $2.90. The 261.8% extension puts the target at $4.10, all derived from the length of the earlier Wave 1 rally in late August.

Dark Defender stated that a move above $1.56 would remove significant resistance, suggesting that momentum could accelerate swiftly toward double digit prices. The analysis positions the $1.44-$1.56 band as the final barrier before potentially rapid price advances.

Support / Resistance Fibonacci Level Target Price Support 50% retracement $1.29 Resistance 70.2%-85.4% retracement $1.44 – $1.56 Wave 3 Targets 161.8% / 200% / 261.8% extension $1.88 / $2.90 / $4.10

Elliott Wave theory, a framework widely used by traders to analyze cyclic price patterns and investor psychology, assumes that markets move in predictable waves of optimism and pessimism. These patterns are often used to identify potential turning points in both traditional and crypto markets.

Mini dictionary: Elliott Wave theory is a technical analysis method that identifies recurring wave patterns in markets related to investor behavior and is often used to predict price movements.

What lies ahead for XRP?

According to Dark Defender, XRP is poised for an advance if it can break free from current consolidation. The analyst highlighted $1.88 as the first major milestone, with successive targets higher if momentum follows through. The path to double digit prices, he noted, would likely clear quickly once the price surpasses $1.56.

The primary condition for this bullish scenario remains the defense of $1.29 support. Above that level, resistance at $1.44 to $1.56 is seen as the final barrier to a broader breakout. If price clears that zone, rapid escalation to higher targets is expected.

Holding $1.29 support keeps the bullish trend intact. Clear resistance exists between $1.44 and $1.56, and a decisive break above this zone may propel XRP toward much higher levels with increased momentum.

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