Elliott Wave XRP Forecast: Dark Defender Targets $18 as $1 Support Holds
XRP traders are watching an Elliott Wave outlook shared by analyst Dark Defender. In a post on X, he claims XRP has finished a larger ABC correction and is positioned for a long-term five-wave impulsive advance.
Key level: $1 is framed as the crucial support zone. Fibonacci extension targets range from about $1.88 (161.8%) and $2.90 (200%) to $5.86 (261.8%), $9.03 (300%), and up to $18.23 (361.8%) if the multi-year structure plays out. The chart also suggests a rounded base formation over several years, pointing to prolonged accumulation before a sustained rally.
Traders reacted with optimism, but the article stresses uncertainty typical of Elliott Wave analysis and dependence on broader market conditions, investor sentiment and macro factors. For trading, $1 becomes the “line in the sand,” while the higher Fibonacci levels are mainly scenario checkpoints—not guaranteed near-term prices. Watch for confirming price structure before treating $18 as a realistic outcome.
Bullish
The later article reinforces a long-term bullish setup for XRP: completion of a larger ABC correction and a potential five-wave impulsive phase. The presence of a clearly defined $1 support zone can attract dip-buyers if price structure confirms. While the forecasts are not guaranteed, the outlined Fibonacci extension targets (up to ~$18.23) can improve upside expectations and support bullish positioning over time.
Short-term impact is likely cautious and confirmation-driven: traders may wait for sustained holds above/around $1 and for Elliott Wave count consistency. Long-term, if the multi-year rounded base and wave sequence remain intact, market participants could gradually price in higher targets, increasing the probability of trend continuation rather than mean-reversion. The overall expectation for XRP specifically skews bullish, assuming support holds and macro conditions do not deteriorate significantly.