Dark Defender Maps Out XRP Multi-Year Breakout Pattern to $18

@media only screen and (min-width: 0px) and (min-height: 0px) { div[id^=“wrapper-sevio-6a57f7be-8f6e-4deb-ae2c-5477f86653a5”]{width:320px;height:100px;} } @media only screen and (min-width: 728px) and (min-height: 0px) { div[id^=“wrapper-sevio-6a57f7be-8f6e-4deb-ae2c-5477f86653a5”]{width:728px;height:90px;} }

Crypto analyst Dark Defender has presented a long-term technical outlook for XRP, emphasizing a recurring historical pattern that could shape the asset’s future price trajectory.

In a post on X, the analyst shared a chart based on the XRP/U.S. Dollar pair on the three-month timeframe, outlining what appears to be a large “cup” formation spanning several years.

The chart illustrates two major rounded bottom structures. The first formation, which occurred between 2014 and 2017, preceded a significant upward move that pushed XRP to a peak near $1.72. Dark Defender uses this earlier structure as a reference point, labeling it as a “historical pattern” that may now be repeating on a larger scale.

The second and current formation begins after the 2018 market peak and extends into the present cycle. According to the analyst, XRP is nearing the completion of this broader cup structure, with price action gradually curving upward toward resistance levels last tested during previous rallies.

Projected Breakout and $18.22 Target

Dark Defender identifies a key resistance zone around the $1.72 level, which aligns with the peak reached during the prior cycle. The chart shows XRP approaching this level again, suggesting that a breakout above it could confirm the continuation of the pattern.

Based on the measured move from the earlier formation, the analyst projects a potential upside target of $18.22. This figure is derived by applying the same magnitude of the previous breakout to the current structure. The chart also includes a “historical pattern” extension on the right side, visually indicating how the price could evolve if the pattern repeats.

At the time of the post, XRP is shown trading near $1.33, with recent candles indicating consolidation below the resistance zone. The analysis suggests that maintaining upward momentum toward the $1.72 level remains a critical step before any larger move can be validated.

Mixed Reactions From Market Participants

Focus Remains on Key Resistance Levels

Dark Defender’s analysis places primary emphasis on the importance of historical price behavior and pattern repetition. The chart suggests that XRP is approaching a decisive phase, where interaction with the $1.72 resistance level could determine the next directional move.

While the projected target of $18.22 remains conditional on a confirmed breakout and sustained momentum, the analysis frames the current market structure as a continuation of a long-term technical setup.

Disclaimer*: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.*


XRP-2.07%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin