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BTC 
XRP XRP technical signals showed a bullish reversal, and analysts pointed out potential targets
After market strategist Dark Defender released analysis, XRP regained attention. The analyst pointed out that the cryptocurrency may be about to end an important correction period and is expected to start a sharp upward trend soon.
Elliott Wave Analysis Signs Bullish momentum
Dark Defender, a well-known among cryptocurrency analysts, recently shared an Elliott Wave analysis that shows that XRP is close to completing its macro fourth wave correction. In Elliott's Wave theory, this stage usually foreshadows a strong fifth wave that will follow, and the fifth wave will often hit new highs as the market alternates between corrections and rises cyclically.
The strategist listed four areas of potential resistance that XRP could face if upward momentum strengthens: $2.90,$5.86,$9.04 and $18.23. Dark Defender does not view these numbers as short-term goals, but rather positions them as milestones that XRP may gradually approach as the overall market uptrend evolves.
XRP is currently trading at US$1.08, which means that if the Elliott Wave structure is established and the bullish scenario is realized, its upside potential will be considerable.
Elliot Wave Theory is a technical analysis method widely used in traditional and digital asset markets. Its core concept is that price movements are driven by investor sentiment and present repetitive fluctuations.
Small Dictionary: Elliot Wave Theory, a technical analysis model that holds that market trends behave in the form of five main waves (three upsides, two pullbacks) followed by three correction waves. Investors and analysts often use this to predict market turning points.
Market fundamentals and South Korean demand
In recent months, the basic fundamentals of XRP have stabilized, and institutional applications of XRP ledgers (a blockchain network developed by Ripple to enable fast and low-cost cross-border payments) have continued to increase. Ripple is a financial technology company that actively promotes global payment industry solutions and leads the development of the XRP ecosystem.
According to industry reports, institutional partnerships and the increasing popularity of tokenization applications on XRP ledgers have enhanced overall market confidence. If a rally occurs, improvements in liquidity and practicality may provide key support for technical breakthroughs.
A particularly noteworthy phenomenon is the continued strong demand for XRP among South Korean retail investors. Despite broader market challenges and a sharp decline in South Korea's stock market, XRP's trading volume on South Korea's major cryptocurrency exchanges is still about four times that of Bitcoin. This unique trend highlights XRP's strong position in the world's leading digital asset market.
Assets (South Korean trading volume)-Market sentiment
XRP: 4 times higher than BTC-Strong demand
BTC: Benchmark reference-Relatively low demand
Key technical levels and outlook
Traders also observed that as XRP consolidates above $1, bulls are still holding on to important support areas. The market is closely watching whether XRP can decisively break through US$1.10, which may be a confirmation signal that the upward momentum is increasing.
Dark Defender's forecast is optimistic, but only if XRP holds key support levels. If buyers retain control and bullish scenarios unfold, XRP could start a new round of macro gains, with a long-term goal even reaching $18.23.
Dark Defender sets resistance levels at $2.90,$5.86,$9.04, and $18.23, in turn, and considers them checkpoints for XRP during bullish wave advances. [TAG
While these milestones are subject to market conditions and broader cryptocurrency trends, analysts believe that the XRP long-term correction appears to be nearing its end, potentially setting the stage for a new round of price appreciation.
