Dark

bullish

Value

when

<p style="text-align: justify">Crypto analyst Dark Defender has set a new bullish target for XRP, identifying a potential move to $4.11 following what he describes as the completion of the digital asset’s most recent corrective wave. XRP recently dipped to $1.1989, just below the 38.2% Fibonacci retracement level of $1.2133 that Defender projected as the likely endpoint of the correction, before reversing direction.</p>
<h2 id="corrective-structure-and-wave-analysis">Corrective structure and wave analysis</h2>
<p style="text-align: justify">The daily chart for XRP reveals a completed ABC corrective pattern, according to Defender’s analysis. This pattern began after XRP’s climb to $1.68 in late August and has traced a series of retracements since then.</p>
<p style="text-align: justify">After topping near $1.68, XRP saw a pullback with the first corrective wave, Wave A, finding a low in early September. The price later rallied again near the end of September, forming Wave B around $1.65. The market then entered a sustained downturn known as Wave C, composed of a five-wave impulse nestled within a descending channel over September and October.</p>
<p style="text-align: justify">Wave 5, the final segment of this sequence, finished when XRP undercut the expected $1.2133 level and bounced at $1.1989. Dark Defender states that this move signals the completion of the corrective phase, suggesting that the next major sequence could now emerge.</p>
<blockquote>
 <p>Instead of panicking, let’s understand the mechanics. We expected the last leg, the 5th Wave Path, at $1.2133, and XRP hit $1.1989 and bounced. So Wave 2 is technically in. The next is Wave 3 towards $4.11.</p>
</blockquote>
<h2 id="key-levels-and-future-targets">Key levels and future targets</h2>
<p style="text-align: justify">Defender’s assessment relies on the application of Fibonacci retracement levels, widely used by technical analysts to identify potential reversal zones. For the current move, the 38.2% retracement at $1.2133 was central to determining the possible end of the correction. Should that support falter, the 23.60% Fibonacci level at $1.1204 sits below as another potential cushion. On the upside, the chart highlights the 85.40% retracement at $1.5692.</p>
<p style="text-align: justify">The conclusion of Wave 2 at $1.1989, by Defender’s count, means the next anticipated move is Wave 3, which he sees as targeting $4.11 and potentially setting a new all-time high for XRP. This parallels a broader interpretation of Elliott Wave Theory, which often expects the third wave to be the most significant move in a sequence.</p>
<p style="text-align: justify;background: linear-gradient(135deg,#ffffff 0%,#fffdf9 100%);border:1px solid #f1e4d8;border-left:4px solid #F69434;padding:14px 16px;border-radius:12px;color:#1e293b;font-size:15px;line-height:1.7">Mini dictionary: Elliott Wave Theory is a form of technical analysis that interprets market price cycles as a sequence of five upward or downward waves, followed by three corrective waves, helping traders forecast price direction and potential reversal points.</p>
<table style="border:1px solid #f1e4d8;padding:8px">
 <thead>
  <tr>
   <th>Key Level</th>
   <th>Type</th>
   <th>Value</th>
  </tr>
 </thead>
 <tbody>
  <tr>
   <td>Wave 5 low</td>
   <td>Correction end</td>
   <td>$1.1989</td>
  </tr>
  <tr>
   <td>Fibonacci 38.2%</td>
   <td>Main support</td>
   <td>$1.2133</td>
  </tr>
  <tr>
   <td>Fibonacci 23.60%</td>
   <td>Deeper support</td>
   <td>$1.1204</td>
  </tr>
  <tr>
   <td>Fibonacci 85.40%</td>
   <td>Upside target</td>
   <td>$1.5692</td>
  </tr>
  <tr>
   <td>Wave 3 target</td>
   <td>Next bullish phase</td>
   <td>$4.11</td>
  </tr>
 </tbody>
</table>
<p style="text-align: justify">At the time of analysis, XRP was trading near $1.2533 after its rebound from the recent low. Market participants are now watching for signs that a new upward move could be underway, in line with Defender’s forecast.</p>
<h2 id="analyst-and-background">Analyst and background</h2>
<p style="text-align: justify">Dark Defender is a well-followed independent analyst who shares technical analyses of cryptocurrency price patterns, primarily focusing on XRP and broader altcoin markets. His projections attract attention among traders seeking clues from Elliott Wave patterns.</p>
<p style="text-align: justify">As always, market predictions based on technical analysis carry inherent risks and are subject to market volatility. Investors are encouraged to perform due diligence and consider multiple viewpoints before making any trading decisions.</p>
<p>The post <a href="https://en.coin-turk.com/xrp-analyst-dark-defender-targets-4-11-after-wave-2-correction/" rel="noopener noreferrer nofollow">XRP analyst Dark Defender targets $4.11 after Wave 2 correction</a> appeared first on <a href="https://en.coin-turk.com" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

XRP analyst Dark Defender targets $4.11 after Wave 2 correction

Table of Contents

COINTURK NEWS

Other articles published on Oct 31, 2026

Join our free newsletter for daily crypto updates!