Analyst projects XRP to $5.85 after triangle breakout and RSI cross
Dark Defender says XRP ends correction, eyes $5.85 ATH
Crypto analyst Dark Defender claims XRP has likely bottomed and is ready to reverse. He cites a completed wave C, a triangle breakout, and an RSI bullish cross as confirmation in his latest X post, backed by prior analyses on the ABC correction, a triangle breakout setup, and an RSI cross.
He published a three-day Elliott Wave chart covering April 2025 to mid–late 2026 detailing the structure. The map shows an ABC corrective pattern with wave B peaking near $3.6 in 2025 before wave C drove prices lower.
Wave C appears complete as a five-subwave decline. The fifth sub-wave finished near $1.31, which he marks as a potential bottom in follow-up coverage.
Price compressed in a “resistance–support triangle” during the correction. Dark Defender notes a breakout above the upper resistance line, signaling the end of compression and a possible trend change per recent levels.
He also highlights an RSI bullish crossover forming from deeply oversold conditions at recent lows and prior momentum reads supporting a turn.
Upside levels he tracks for the next impulse wave are as follows:
- 123.6% extension near $1.66
- 161.8% extension around $1.88
- Final resistance at $2.58
- ATH target at the 261.08% extension of $5.85
