Analyst to XRP Holders: XRP Is Ready

In a market often driven by momentum and speculation, technical patterns can offer a more grounded view of potential outcomes. One such pattern has been forming over several years for XRP. According to popular analyst Dark Defender (@DefendDark), it may be approaching resolution.

The analyst shared a detailed monthly chart of XRP, stating that “XRP is ready.” His chart was placed on a wall, suggesting XRP’s trajectory is a “writing on the wall.” The visual analysis suggests a bullish long-term setup, reinforced by a confluence of chart structures and Fibonacci targets.

The chart spans data from 2017 through to projections into 2026. It presents a classic rounding bottom formation, which is traditionally associated with accumulation and eventual breakout.

This curvature has been forming for nearly eight years, and recent price action shows XRP challenging and breaking above a major horizontal resistance near $1.88. The analysis revealed that this level previously acted as a ceiling and has now flipped to potential support.

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Potential Targets for XRP

The analyst highlighted a “Coffee Cup Target,” a reference to the cup-and-handle pattern visible on the chart. Using this structure, a vertical measurement from the base of the cup to the rim at $1.88 projects a bullish target near the $23 mark.

Other analysts have set similar targets for the digital asset, and Dark Defender’s analysis suggests that this is not a speculative level, but rather a technical projection based on established theory.

The breakout above the neckline is supported by a downward trendline break marked in orange on the chart. This combination of multiple bullish patterns forms the basis of the analyst’s confident statement about XRP’s future.

XRP Fibonacci Targets and Market Structure

To supplement the cup target, the chart also displays Fibonacci extension levels. The analyst highlighted specific targets at Fib—261.8% and 361.8%, which line up with $5.85 and $18.22. Fibonacci levels are commonly used in technical analysis to forecast areas of potential resistance or price reaction based on prior trend moves.

Dark Defender has also highlighted these levels as potential targets on XRP’s journey to higher levels. Dark Defender’s chart presents a clear, technically grounded case for XRP’s bullish potential. If the asset holds above the broken resistance, technical momentum could carry it toward these long-range objectives.

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 advised to conduct thorough 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.*