Dark Defender (@DefendDark), a well-known cryptocurrency analyst on X, recently revealed that XRP has hit its bottom, and he expects an upward move from here. The analyst previously set the bottom target between $1.88 and $1.91, and XRP hit this range when it fell early in the week.
Dark Defender referenced his analysis from February 22 and shared the chart outlining XRP’s price structure and projected movement, reinforcing his long-standing prediction.
The chart illustrates a wave correction pattern, where XRP’s price has moved through significant Fibonacci retracement levels. Dark Defender compared this dip to a prior $0.3917 level, which previously led to a sharp reversal in price.
Hi all. We set the bottom to $1.88 to $1.91 long ago and want to share the structure discussed last Tuesday, February 22nd.
We hit our target correction level.
The similar Fibonacci dip level was $0.3917, and then #XRP had a tremendous reversal. I see this level as identical to… pic.twitter.com/0NvfbLziLn
— Dark Defender (@DefendDark) February 28, 2025
This crucial resistance level contributed to XRP’s massive surge in late 2024. Given this historical context, the analyst suggests that XRP could be positioned for a similar bullish move.
Technical Structure and Fibonacci Levels
The chart shared by Dark Defender shows a three-wave corrective structure labeled A-B-C. XRP completed Wave A after its price drop in the first few days of February when tariff threats from the Trump administration pushed the entire market downward. The digital asset is currently at the peak of Wave B, and before any positive price movements, Dark Defender expects a pullback.
The chart shows Wave C bottoming at the $1.88–$1.91. Fibonacci retracement levels indicate wave B peaked near the 61.8% retracement at approximately $2.44 before price action moved lower. The 70.2% Fibonacci level at $2.34 also appears to play a role in this correction phase.
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Following February 22 when this chart was published, XRP experienced a notable decline . The asset has begun its recovery and could experience a significant bullish move soon.
This multi-wave formation aligns with broader market trends and historical price movements. The reference to the $0.3917 correction and subsequent rally suggests similar technical dynamics may unfold. The implication is that XRP could be in a pre-reversal phase, contingent on whether support at the projected bottom holds.
XRP’s Next Steps
XRP is trading at $2.14, and Dark Defender’s analysis aligns with other recent perspectives on its market structure. The analyst recently noted that XRP is at a critical decision point , identifying $2.6052 and $2.77 as crucial levels that could contribute to the digital asset’s growth.
His recent review of the weekly Heikin Ashi chart supports the notion of an impending price shift. This analysis suggests that XRP’s price structure is in a formation that could lead to significant movement, echoing broader bullish sentiment.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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