XRP Double-Digit Breakout? Analyst Points to $3.66 Pattern
Crypto analyst Dark Defender (@DefendDark) says XRP may be approaching another major breakout. He argues today’s chart resembles the setup that preceded XRP’s explosive move in late 2024–early 2025. Dark Defender notes XRP was around $0.56 two years ago, then completed a “textbook” bullish structure whose target hit $3.66 (XRP’s all-time high).
At the time of the post, XRP trades near $1.10. The analyst claims all timeframes are “oversold,” implying a potential corrective phase followed by a strong impulsive leg. He also references an earlier Elliott Wave-style projection that included a 161.8% Fibonacci extension near $1.88, which XRP later exceeded during its rally above $3 in Jan 2025.
Looking ahead, Dark Defender’s longer-term upside targets cited in the article include $5.85 and $18.22. The piece includes an “NFA” note and a standard disclaimer that the views are opinions, not financial advice.
Bullish
The article is driven by a technical-trading thesis from Dark Defender: XRP is near a prior market structure that, in his view, led to a major breakout, with the historical anchor being the move to $3.66 after XRP was near $0.56. That framing typically implies upside skew if traders see the current “oversold” condition evolving into a corrective-to-impulse sequence.
In the short term, “oversold on all timeframes” language often attracts momentum traders to watch for confirmation (break of resistance, wave/structure completion). If price action follows through, it can pull forward speculative demand and increase volatility around key levels.
In the longer term, the cited targets ($5.85 and $18.22) matter because they can influence positioning and risk-taking among swing investors—especially if market participants believe the earlier Elliott/Fibonacci roadmap is being replayed.
However, this is still pattern-based commentary, not a confirmed catalyst. If XRP fails to reclaim key resistance or if the correction deepens beyond what traders expect, bullish sentiment could reverse quickly, leading to downside mean reversion.