Dark Defender Lays Out the Roadmap to $36 on Weekly Time Frame
The chart identifies a completed larger-degree Wave 4 correction followed by Wave 5, which formed the macro low around $0.98. From that base, a new impulsive sequence began.
This move pushed XRP up in late August. The asset has now completed Blue Wave 1 and is currently inside Wave 2. Dark Defender notes that “the historical pattern shows a sideways phase here,” and Wave 2 is playing out consistent with that behavior.
The Near-Term Levels That Matter
Dark Defender expects Wave 3 next. He says it is already aligned with the historical pattern window. The initial surge target sits at $4.10, which corresponds to the 261.80% Fibonacci extension on the chart. From there, the projection extends to $7.07, the 361.80% extension level.
Wave 3 in Elliott Wave theory is typically the strongest and longest wave in an impulsive sequence. The chart supports that expectation. A Wave 4 pullback follows, with the 200.00% extension at $2.90 visible as a reference level. Wave 5 then completes the inner sequence near $7.07 before the larger degree Wave 3 takes over.
The Bigger Structure
The larger white diagonal on Dark Defender’s chart represents the macro Wave 3 projection. That wave targets $36.76. The Fibonacci extension grid on the chart places $10.11 at 427.20% and $18.22 at 361.80% as intermediate levels within that larger move. These are sequential targets before the asset’s price reaches Dark Defender’s $36.76 projection.
Where XRP Stands Now
XRP is currently trading near $1.49 on the weekly chart, sitting between the 70.20% level at $1.44 and the 85.40% level at $1.56. The price is inside the support zone Dark Defender has highlighted on the chart. This is the Wave 2 consolidation area.
The structure Dark Defender has mapped gives XRP a clear sequential path. $4.10 comes first, then $7.07, then the larger degree targets above $10. The $36.76 projection sits at the top of the entire Elliott Wave count on the weekly chart.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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