Top Analyst Highlights Key Level To Trigger XRP Surge $8

Crypto market analyst Dark Defender (@DefendDark) has presented a detailed technical outlook for XRP, suggesting the asset may have reached the end of a Monthly Wave 4 correction and is preparing for an impulsive move into Monthly Wave 5. In a recent post on X accompanied by a 4-hour XRP/USD chart, the analyst pointed to the completion of an ABC corrective structure and emphasized the importance of the $1.8815 Fibonacci level. Hi all! I hope you all are well! #XRP touched the Monthly Wave 4 dip yesterday and had a wick below our target Fibonacci Level at $1.8815 , which is normal. The daily candle closed above this significant level. The chart explains everything itself. Sags below $1.88 can occur… pic.twitter.com/NLEMIU96FE — Dark Defender (@DefendDark) April 8, 2025 $1.8815 as a Crucial Technical Trigger According to the chart, XRP’s recent decline pushed it to the 161.8% Fibonacci extension at $1.8815 before briefly dipping below it. The price action formed a wick under the level but ultimately closed above it, which the analyst described as normal for this phase. The candle close above this threshold was highlighted as a significant technical signal. “I trust $1.8815 as a trigger to Wave 5,” Dark Defender noted. The chart says holding this level may initiate Monthly Wave 5, which targets $8. The path to this higher target starts from the current price zone and extends upward in line with standard Elliott Wave Theory principles. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Wave Count Analysis Confirms Bullish Structure A similar move in early January sent XRP to its multi-year peak of $3.39. The asset concluded Wave 4 in that formation at the start of the year when it fell to around $2. However, it quickly picked up steam, starting Wave 5 and sending the asset to its highest level since January 2018. Following this, the asset experienced an ABC correction, forming Monthly Wave 4 and placing it near the 161.8% Fibonacci extension level. Dark Defender acknowledged that the digital asset may experience volatility around $1.88, mentioning that “sags below $1.88 with some side moves” are possible. However, he maintains that the level remains valid so long as daily candles close above it. The structure suggests that this price action is consistent with the bullish outlook. Monthly Wave 5 Target The chart forecasts a significant upward move from the current zone, with the Monthly Wave 5 path targeting $8. While no exact timeframe is given, the implication is that this could unfold over the coming weeks or months. The steepness of the projected wave suggests a rapid expansion phase if support continues to hold. Another well-respected analyst recently predicted a move to the $5 to $8 range , suggesting the asset will experience a massive green candle this month. If Dark Defender’s prediction comes true, XRP will see a new all-time high in no time. 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 urged to do in-depth 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 Top Analyst Highlights Key Level To Trigger XRP Surge $8 appeared first on Times Tabloid .

Source: TimesTabloid