Dark Defender, a outstanding XRP analyst, has drawn important consideration to the token, suggesting that XRP could also be establishing a transfer that might take the market without warning. Despite its wrestle to decisively break above the $3 mark, XRP is now forming a Falling Wedge sample that indicators the potential for a highly effective breakout by October.
Falling Wedge Signals XRP Breakout By October
In a current XRP value evaluation, revealed on Monday, Dark Defender famous that the third-largest cryptocurrency has as soon as once more revered its key help ranges at $2.85, regardless of being rejected at $3.13. The XRP value tapped into the first help trendline, highlighted in orange on the chart, which has constantly held as a structural base.
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Importantly, the Relative Strength Index (RSI) is edging nearer to oversold territory, a sign usually related to potential value reversals. While skepticism spreads throughout the market, Dark Defender insists that the XRP bullish construction stays intact and that disbelief itself is an indication that many could possibly be caught off guard by what’s to come back.
The analyst notes that the cryptocurrency has been consolidating inside a Falling Wedge sample between July and September. According to him, October could possibly be the month when XRP lastly breaks free from the wedge and delivers a rally robust sufficient to shock the broader market.
Building on this momentum, Dark Defender has forecasted three potential value targets for XRP by October: $4.17, $4.92, and $5.85. These ranges correspond to higher Fibonacci Extension zones, particularly 261.8%, 361.8%, and 236.8%, respectively. Meanwhile, XRP has its closest helps set at $2.80 and $2.64, making certain a robust base for the projected Falling Wedge breakout.
XRP Bullish Run Just Starting
Following his earlier predictions, Dark Defender additional bolstered his bullish case by asserting that XRP has not begun its true rally. He advised an influence shift is underway, hinting that what the market has seen thus far is simply the starting of a bigger bullish wave.
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This perspective arrives at a time when XRP has already delivered a exceptional efficiency in 2025. According to CoinMarketCap’s knowledge, the cryptocurrency has gained 384% Year-to-Date, a surge fueled by growing demand, rumors of a potential XRP ETF, and renewed confidence after the conclusion of the Ripple-SEC lawsuit.
With XRP reaching a excessive of $3.65 earlier this 12 months and buying and selling simply over 5% shy of reclaiming its former all-time excessive of $3.84, Dark Defender stays sure that the asset’s actual development remains to be forward. Based on this view, the current pullback beneath $3 isn’t seen as a weak point, however fairly as a consolidation section earlier than the subsequent leg greater.
He highlighted that XRP is nearing the top of this corrective ABCDE consolidation section and getting ready for a lift-off. According to his chart evaluation, as soon as the cryptocurrency reclaims the $3.33 stage, it may pave the best way for double-digit costs.
Featured picture from iStock, chart from Tradingview.com
