Dark Defender Ties Double-Digit XRP Call to a $1.56 Break

Crypto analyst Dark Defender said “double digits will be instant” if XRP (XRP) breaks above $1.56, framing the level as a condition in his bullish Elliott Wave setup.

In his Tuesday, Oct. 20 technical outlook, Dark Defender marks $1.29 as support and $1.44-$1.56 as the next resistance band. The setup describes the recent correction as a completed Wave 2 in an ABC pattern: Wave A bottomed around late August, Wave B brought XRP near $1.65 in September, and Wave C ended at $1.29.

His chart places $1.29 at the 50% Fibonacci retracement of the preceding rally. It also lists extensions at $1.88, $2.90 and $4.10 for a possible Wave 3. The daily relative strength index is near 42, and the analysis notes a possible bullish crossover. Dark Defender’s double-digit call goes beyond the chart’s highest listed extension.

TokenPost previously covered ChartNerd’s $5.89 XRP target for 2028-2029.