What happened
Crypto analyst Dark Defender posted a fresh two-week XRP chart breakdown Friday, per NewsBTC, arguing the token's primary Elliott Wave structure has not broken down despite months of grinding sideways. The read places XRP near the end of Wave 4, the second corrective phase before a final Wave 5 expansion, with the price compressed between a descending orange resistance line near $1.
47 and a rising blue support line in the $1. 31 to $1. 36 zone.
XRP touched that support in March, printed a few bullish two-week candles off it, and is now retesting the upper resistance for what the analyst frames as the decisive contact. The published path projects a break above $1. 47, followed by Fibonacci extensions at $1.
8818 (161. 8%), $3. 5632 (361.
8%) and $8. 7822 (644. 4%), the last labeled as the Wave 5 completion target.
Why it matters
XRP has spent most of the year stuck under the descending trendline drawn from the July 2025 rejection at $3. 65, and the bull case has been losing patience. A two-week timeframe call is not a day-trader's signal.
It's the analyst staking the longer structural read on the same candle that's printing right now, which means the next two weeks decide whether the impulsive count survives or gets retired. Dark Defender's framing is unusually specific: the breakout, in his words, runs "through the end of May. " That's a dated catalyst, not a vague directional view, and it gives the market a hard window to price against.