Analyst: Elliott Wave Could Push XRP to $36 in This Bull Cycle
Dark Defender’s latest projection highlights a compressed weekly structure that, in his view, is primed for a major impulse once the Elliott Wave sequence completes. The chart shows a pattern originating in June that is now approaching the tipping point where momentum could return with force, potentially driving prices toward the $36 target cited in the analysis. That target represents a roughly 1,300% gain from recent levels, which would be market-moving if realized.
Why it matters: a validated breakout from this weekly structure would likely attract fresh inflows and shift sentiment across the altcoin market, but the call depends on technical confirmation — volume, a clean wave count and macro liquidity conditions. Traders should treat the $36 projection as a scenario rather than a certainty and maintain risk management while watching for the decisive breakout signals Dark Defender outlines.