Indicator That Endorses XRP Rally to $6.39 Will Turn Bullish This Week, Says Dark Defender

Crypto market analyst Dark Defender has shared a new XRP/US Dollar weekly chart update, reinforcing his ongoing Elliott Wave-based projection.According to his latest analysis, XRP has completed a key technical breakout and is now entering what he identifies as the fifth and final wave of a broader impulsive cycle on the monthly timeframe.Hi all,XRP had a clear break on the weekly time frame after surpassing $2.2222 and touching $2.3620.We expected a correction and had it to $2.07 ($2 levels were the target)Monthly Wave 5 is progressing full speed.Weekly RSI will turn bullish this week, which endorses our... pic.twitter.com/lUoX6t27Sa— Dark Defender (@DefendDark) May 10, 2025Key Breakout Confirmed Above $2.2222The chart in his tweet indicates that XRP successfully surpassed the $2.2222 level and briefly reached $2.3620 before undergoing a corrective retracement to approximately $2.07.Dark Defender emphasized that the correction was anticipated and aligned with the previously defined $2 target zone. In his view, this correction has confirmed the completion of Wave 4 and paved the way for the initiation of Wave 5.Wave 5 Structure to Unfold in Sub-Waves with Interim VolatilityIn this context, Wave 5 is expected to follow a classic sub-wave structure, unfolding in five smaller waves as part of the upward trend. This structure implies intermittent upward and downward price movements as XRP advances toward the upper resistance range of $5.85 to $6.39.The target zones are marked in the chart with Fibonacci extension levels. The 261.8% extension lands near $5.8563, providing technical validation for the projection’s upper bound.Weekly RSI Crossover Signals Renewed Bullish MomentumAdditionally, Dark Defender highlighted that the weekly Relative Strength Index (RSI) is set to turn bullish within the current week. This observation is visually supported in the chart by a circled crossover between the RSI (purple) and its moving average (yellow), which appears to be occurring near the lower mid-range.We are on twitter, follow us to connect with us :- @TimesTabloid1— TimesTabloid (@TimesTabloid1) July 15, 2023The crossover is interpreted as a signal of renewed bullish momentum, coinciding with the timing of Wave 5’s emergence. The chart suggests that this RSI reversal supports the thesis of an impending upward expansion in price.Analyst Maintains Confidence in Long-Term Bullish ScenarioThe analyst reiterated that the market should expect both upward and downward volatility during the development of the fifth wave, as is typical in sub-wave patterns. The overall direction, however, remains pointed toward higher levels within the established range.Dark Defender concluded the update confidently, asserting that the bullish market structure remains intact and that XRP is now “ready” for the next phase. His post ended with a personal message wishing his followers a good weekend, reflecting a tone of confidence and optimism.As of the time of analysis, XRP is trading around $2.38, maintaining a price structure that aligns with the projected wave formation outlined.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 NewsThe post Indicator That Endorses XRP Rally to $6.39 Will Turn Bullish This Week, Says Dark Defender appeared first on Times Tabloid.