Prominent cryptocurrency analyst Dark Defender (@DefendDark) has highlighted a new wave structure forming on XRP’s weekly chart, indicating the possibility of a significant upward move. According to the analysis, this development may lead to a price surge toward the $18.22 to $23.20 range. Dark Defender has previously predicted a move to $18.22 , adding credence to his confidence in the asset’s potential. This projection aligns with the wave patterns previously outlined by the analyst. Hi there. #XRP is forming another Wave Structure in the weekly frame, creating the upcoming surge to $23. This new wave structure aligns with our previous targets and our historical pattern in November 2024. XRP in the new weekly frame aims for $18.22 – $23.20 in the short… pic.twitter.com/OOKbxe6s4K — Dark Defender (@DefendDark) May 29, 2025 His latest chart illustrates a five-wave Elliott Wave structure currently in progress. The asset recently completed wave 1 and is consolidating in the second wave. The chart shows that the third wave, which is often the largest, could hit double-digits with a highlighted mid-level target zone between $5.85 and $6.39. The analyst points out that the 261.8% Fibonacci extension level corresponds closely with this zone, reinforcing its importance as a technical milestone. Historical Pattern Reappears The technical setup references a pattern that previously emerged in November 2024. Shortly after Donald Trump’s election victory and former SEC Chair Gary Gensler’s resignation announcement , XRP began a remarkable surge, climbing over 500% to a multi-year peak of $3.39. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Analysts have consistently drawn parallels to the November breakout , as XRP appears to be mirroring crucial technical patterns from that period. Dark Defender’s chart highlights a long-term weekly resistance line, which XRP has remained below for weeks. His analysis suggests that a breakout above a similar resistance trendline contributed to this price surge, and the chart shows that wave three will break above the current trendline. Long-term XRP Targets Looking forward, Dark Defender expects the asset’s journey to culminate in a target range between $18.22 and $23.20, close to the 361.8% Fibonacci extension level. The Elliott Wave pattern shows a correction in wave 4, but the chart suggests that the asset will remain above $6.39 before resuming its bullish journey and reaching the ultimate target range. XRP is currently trading at $2.26, up 0.51% from yesterday. Analysts believe that the digital asset has spent enough time consolidating , and while Dark Defender did not provide a specific timeline for this price surge, the asset is very close to the resistance level, and the breakout to kickstart wave 3 could occur anytime from now. 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. Follow us on X , Facebook , Telegram , and Google News The post XRP forming another Wave Structure, Making Path to $23 appeared first on Times Tabloid .
