Crypto analyst Dark Defender recently shared XRP price movement forecasts based on Elliott Wave Theory, indicating key resistance and support levels.
Short and Mid-Term XRP Targets
In his post, the analyst set short-term XRP targets at $5.85 and $18.22, while the mid-term projection goes up to $77.7. These predictions are in line with his previous analyses, suggesting a significant rise in XRP following the third wave.
Forecast Based on Technical Analysis
According to the chart shared by the analyst, XRP is expected to reach $18 during the third wave before undergoing a corrective fourth wave. After this correction, the final wave might push XRP toward its mid-term target of $77.7. Key support levels are noted at $2.60 and $2.77, while resistance levels are projected at $5.85, $8.03, and $18.22. This information is based solely on technical analysis.
Community Reaction and Discussion
Dark Defender's predictions sparked discussions among XRP community members. Some questioned the logic behind expected price movements, especially the projected 60% drop following a peak in July 2025. This discussion highlights the broader debate over the role of technical analysis and fundamental drivers in XRP's price movements.
The interaction between technical patterns and fundamental drivers remains a focal point of debate among XRP investors. Dark Defender's analysis is solely technical and not financial advice.
