In the world of cryptocurrency, XRP continues to be in the spotlight, particularly due to insights from Dark Defender, a well-known XRP analyst. Dark Defender has emphasized potential price movements for XRP that could take the market by surprise. Despite facing challenges in breaking above the crucial $3 mark, XRP is reportedly establishing a Falling Wedge pattern that indicates a strong breakout may be forthcoming by October.
In a recent price analysis, Dark Defender pointed out that XRP has consistently respected its key support levels, notably at $2.85, even as it faced resistance at $3.13. The cryptocurrency has interacted with a primary support trendline, which has acted as a reliable structural base for the asset. A noteworthy observation is that the Relative Strength Index (RSI) is approaching oversold territory, a sign that could indicate a price reversal might be on the horizon. In contrast to growing skepticism in the market, Dark Defender believes that XRP’s bullish structure remains strong, suggesting that the prevailing disbelief could lead many to be caught off guard by imminent developments.
According to Dark Defender, XRP has been consolidating within the Falling Wedge pattern since July, and he predicts that October could be the month XRP finally breaks free, potentially igniting a rally robust enough to astonish the wider market. To support his bullish outlook, Dark Defender has laid out three potential price targets for XRP by October: $4.17, $4.92, and $5.85. These targets align with upper Fibonacci Extension levels, specifically at 261.8%, 361.8%, and 236.8%. On the downside, XRP’s immediate support levels are identified at $2.80 and $2.64, forming a strong foundation for the anticipated breakout.
Reiterating his bullish stance, Dark Defender asserted that XRP has not yet initiated its true rally. He hinted at a transformative shift taking place within the market, suggesting that the ongoing developments represent merely the start of a more extensive bullish wave. This comes at a time when XRP has already shown impressive performance in 2025, with a staggering increase of 384% Year-to-Date, driven by heightened demand, discussions surrounding a possible XRP ETF, and revived investor confidence following the resolution of the Ripple-SEC lawsuit.
Earlier in the year, XRP reached a peak of $3.65 and is now trading just over 5% below its former all-time high of $3.84. Dark Defender maintains that the asset’s significant growth is still to come, viewing the recent decline below $3 not as a setback but rather as a phase of consolidation prior to the next upward movement. He emphasized that XRP is likely nearing the end of a corrective ABCDE consolidation phase and is gearing up for a substantial rally. According to his analysis, once XRP regains the $3.33 level, it could set the stage for potentially reaching double-digit prices.
