Cryptocurrency analyst Dark Guardian releases new XRP analysis: Breakthrough is imminent
Cryptocurrency analyst Dark Defender (Twitter account @DefendDark) has released a new XRP analysis report titled "The Break-Out." The chart depicts an Elliott wave-driven structure extending from the current price of $1.3921 to a forecast high of $10.1101. "First of all, we want to go to $7," he wrote in the post.
Chart detail analysis
The daily chart shows that XRP has currently completed the ABC adjustment pattern at its current position. The low point of Wave C is close to the 50% Fibonacci retracement level of $1.2939. The circled breakthrough area is located right around the current trading price, which is $1.3921, between the 61.80% level of $1.3798 and the 70.20% level of $1.4445.
Based on this basis, the Guardian of Darkness predicts an upward five-wave push structure:
- Wave 3 targets a Fibonacci extension of 361.80%, or $7.0786.
- Wave 4 will pull back to US$4.1043.
- Wave 5 will complete the entire trend at US$10.1101, corresponding to an expansion of 427.20%.
As he said before, whether or not the CLARITY Act is passed, the breakthrough form of XRP has been established. The primary goal is to reach $7.
Market Background
The Guardian of Darkness made this prediction before the Senate vote. His earlier view was that XRP does not rely on the CLARITY Act. He predicts that even if the bill fails to pass the Senate, the waves in the chart will still appear.
The Senate vote on September 15 was 49 votes in favor and 50 votes against. After months of negotiations, all Democratic lawmakers voted against it. Four Republican lawmakers also voted against it, preventing the bill from receiving a simple majority. Senator Loomis has warned that the next window for crypto legislation may be in 2030. The failure of the bill confirmed her view. However, the analysis of the Guardian of Darkness has not changed.
Future trend of XRP
The breakthrough area in the chart is currently active. XRP prices are just above the key Fibonacci support level. If the push sequence unfolds as expected, according to the timeline of the chart, the third wave will push XRP to $7.0786 by October, which will set a new all-time high for the digital asset.
November will usher in the fourth wave of adjustments, and XRP will fall back to US$4.1043. Subsequently, the chart shows that the fifth wave will complete the entire movement, with the target pointing to $10.1101. The Guardian of Darkness said that XRP will rise regardless of whether the CLARITY Act is passed or not. Although the Senate vetoed the bill, the chart suggests a strong upward move is about to occur.
Disclaimer :本文内容仅供信息参考,不构成任何财务建议。文章中表达的观点可能包含作者的个人意见,并不代表媒体平台的立场。建议读者在进行任何投资决策前进行充分的研究。读者采取的任何行动均需自行承担风险。本平台不对任何财务损失负责。

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