- Dark Defender says XRP formed a double-bottom near February support.
- XRP’s RSI returned to levels previously linked to recoveries.
- Elliott Wave analysis still projects XRP targets between $8-$18.22.
Crypto analyst Dark Defender has reinforced his bullish outlook for XRP, stating that a newly formed double-bottom structure on the weekly chart continues to support a potential rally toward the $8 to $18.22 range despite the asset’s recent struggle to maintain upward momentum. According to Dark Defender, XRP has returned to the same support region that marked its February Wave 4 low, while the Relative Strength Index has fallen back to levels that previously coincided with important market bottoms and subsequent recoveries.
The analyst shared the update on X as XRP traded near $1.15, arguing that the current decline has not altered the broader technical structure that continues to point toward a larger move higher over the longer term. His chart shows XRP revisiting a critical support zone between approximately $1.12 and $1.25, creating what he described as a second test of the February low and forming a double-bottom pattern that many traders view as a sign of strengthening support.
Dark Defender noted that fear has continued to spread across the market as prices remain under pressure. However, he maintained that the recent weakness has not invalidated his bullish thesis, which remains centered on the development of a larger Wave 5 advance.
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XRP support zone remains central to bullish outlook
The analyst’s chart combines Elliott Wave analysis, Fibonacci extensions and Ichimoku Cloud data, all of which continue to support his expectation of higher prices if XRP successfully holds its current support structure. According to the Elliott Wave count presented in the chart, XRP has already completed Waves 1 through 4 and may now be preparing for Wave 5, which is typically considered the final impulsive phase of a broader bullish cycle.
Besides the price structure, Dark Defender pointed to XRP’s weekly RSI, which has returned to levels last seen during the February correction when the asset established a local bottom before beginning another upward move. Although the RSI remains slightly above the traditional oversold threshold, the analyst argued that momentum conditions are beginning to resemble previous periods when sellers gradually lost control and buyers returned to the market.
Meanwhile, XRP continues to trade near support provided by the weekly Ichimoku Cloud rather than breaking decisively below it, a development that Dark Defender believes strengthens the argument that the broader trend remains intact despite ongoing volatility.
The chart also outlines several Fibonacci extension targets that could come into play if XRP begins a sustained recovery, including projected levels near $1.88 and $3.56 before extending toward significantly higher price zones above $5. Moreover, Dark Defender continues to maintain his long-term target range between $8 and $18.22, arguing that the current double-bottom structure could become the foundation for the next major phase of XRP’s market cycle.
Conclusion
Dark Defender believes XRP’s latest retest of its February support zone has created a double-bottom structure while momentum indicators revisit historically important levels. In his view, maintaining support above the current range keeps the path open for a larger Wave 5 advance that could eventually drive XRP toward the $8 to $18.22 target zone.
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