XRP’s weekly chart has formed a tight pattern that is now poised for a significant move. Crypto analyst Dark Defender predicts this setup could drive the price as high as $36 in the current bull cycle. His analysis is based on an Elliott Wave pattern that began forming in June, with the chart indicating that momentum is building for a strong upward push.
Technical analysis of XRP’s weekly chart reveals that the cryptocurrency has been consolidating within a narrowing triangle of support and resistance over recent months. This pattern suggests that a breakout is imminent, especially since XRP is currently trading near the triangle’s peak, where volatility often surges.
Dark Defender’s forecast relies on a five-wave Elliott structure that started in mid-June with Wave One, an initial surge that pushed XRP to a new all-time high of $3.65 before stalling. Since then, Wave Two, a corrective phase, has kept the price moving sideways, forming lower highs under descending resistance and higher lows above support. The chart shows this correction is nearing its end, with price action compressed within the triangle.
The implication is clear: once the correction ends, Wave Three—typically the most powerful and extended phase of an Elliott cycle—should begin, bringing substantial gains.
Key levels to watch are support at $2.22, which has held throughout the consolidation, and resistance at $2.85, which has limited rallies since summer. A weekly close above $2.85 would confirm the start of Wave Three, while a drop below $2.22 would postpone the bullish scenario.
Fibonacci extension levels outline potential targets after Wave Three begins. The first, at the 261.8% extension, is near $5.85. The main Wave Three target is the 361.8% level around $18.22. After a Wave Four pullback, Wave Five is projected to complete the pattern at the 423.6% extension, approximately $36.76.
Currently, XRP is trading at $2.31, down 8.2% over the past 24 hours.
Frequently Asked Questions
Of course Here is a list of FAQs about what could drive XRP to a 1300 surge designed to be clear concise and helpful for all levels of interest
Beginner Fundamental Questions
1 What does a 1300 surge mean for XRPs price
A 1300 surge from a price of around 250 would push XRP to approximately 36 This is a massive exponential increase in value
2 Is it even possible for XRP to reach 36
While possible in theory during a major bull market a price of 36 would give XRP a market value larger than many major global companies It would require an enormous influx of capital and widespread adoption making it a highly optimistic and speculative target
3 What is a bull market in crypto
A bull market is a prolonged period where prices are rising or are expected to rise across the market Its typically driven by investor optimism positive news and increased buying activity
4 What are the main benefits of XRP
XRP is designed for fast and cheap crossborder payments between financial institutions Its key benefits are settlement in 35 seconds and very low transaction fees compared to traditional international wire transfers
Advanced MarketDriven Questions
5 What specific factors could cause such a massive price surge
A combination of factors would be needed
Clear Regulatory Win A definitive positive outcome for Ripple in its ongoing SEC case establishing XRP as a nonsecurity in the US
Mass Institutional Adoption Widespread use of Ripples technology by major banks and payment providers
FOMO in a Bull Market Extreme Fear Of Missing Out driving retail and institutional investors to pour money into a proven clean asset postregulation
Positive Macroeconomic Trends A weaker US dollar and low interest rates could push investment into riskon assets like crypto
6 How does the Ripple vs SEC lawsuit impact the price
The lawsuit created massive uncertainty suppressing the price for years A final resolution in Ripples favor would remove this huge cloud of doubt potentially triggering a powerful price rally as institutional fear vanishes
7 What role does adoption play in driving the price
Realworld adoption