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Following
XRP August's positive closing, XRP ushered in a critical turning point.
Cryptocurrency analyst Dark Defender released a monthly XRP chart on September 1, pointing out that the August closing price was a turning point. The green positive line closed that month constituted a key signal. The analyst believes that this marks the beginning of a new wave of push for this digital asset.
Lay the foundation in August
XRP has experienced months of consolidation after peaking at US$3.65 in 2024-2025. Prices are compressed into a downward channel, forming the A-B-C adjustment structure marked on the chart. The C wave bottomed out around $1, putting assets into key support areas.
The August monthly line reversed this trend. XRP soared sharply in the second half of the month, rising more than 50% in less than three days. The price broke through the initial resistance level of the downward structure, and the monthly closing price remained firm above this resistance. This closing price is now the starting point for the next wave of market prices.
August closed on a bullish green monthly line.# XRP is breaking through initial resistance. These signals mean a new round of pushing the market! Resistance: $1.88,$4.11,$5.85. Target: $7.07 and higher. You have survived all difficulties, don't forget how far you have come.
Chart structure analysis
The chart shows that the A-B-C adjustment is completed at the low point of Wave C. The one-eye balanced cloud surrounds the adjustment area and strengthens its supporting role. Relative strength indicators also confirm this. After a decline during adjustment, the indicator is currently in the circled area at the bottom of the chart and is about to cross its signal line. Dark Defender circles both price movements and relative strength indicators, viewing the latter's golden cross as a confirmation signal of a reversal.
Starting from the low point of the C wave, analysts predicted a wave of push, targeting multiple Fibonacci extensions. The first resistance level is $1.88 (161.8%). After that,$4.11 (261.8%) became the next resistance level. The chart also shows that $7.07 is at the 361.8% expansion level.
Dark Defender labels the final goal as "D.D.", That is, a two-digit interval. Another well-known analyst recently set targets of $15,$27 and $50 for XRP. Although Dark Defender did not give specific numbers, these goals all fell within the double-digit range described in it.
Resistance and Target
Dark Defender lists three resistance levels: $1.88,$4.11 and $5.85. The target is $7.07 and a double-digit range. The current price of $1.3825 is between the 50% retracement level of $1.2939 and the 85.4% retracement level of $1.5692. If it can break through US$1.88, it will confirm the judgment of driving the market.
Analyst Message
Dark Defender said to the holder at the end of the post: "You have survived all difficulties, don't forget how far you have come." The chart shows that XRP is breaking through initial resistance. If the market is pushed forward as scheduled, US$7.07 will be the first important destination and will then enter the double-digit range.
