XRP analyst Dark Defender forecasts major rally, sets $1.2133 as key level

Crypto market analyst Dark Defender, known for technical insights on digital assets, has issued a bullish projection for XRP, stating that the current period of price decline may be the final phase before a significant upward move. According to Dark Defender’s analysis, XRP has nearly completed a Wave 2 correction in line with Elliott Wave theory. This technical approach divides price movements into impulsive and corrective phases, and the anticipated next stage, Wave 3, is often associated with strong upward momentum in markets. Elliott Wave theory suggests that Wave 3 typically outpaces earlier moves in both magnitude and duration, often exceeding the high established during Wave 1. Dark Defender believes that XRP is positioned for such an advance once the correction phase ends. Currently, XRP trades at $1.2893.

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