In July 2025, XRP achieved a new peak, approaching $3.66. According to cryptocurrency analyst Dark Defender, this price movement represents merely the initial step in a broader trend. Through Elliott Wave analysis, he suggests that XRP’s long-term trajectory could stretch to $333 and subsequently to $1,043.
Underlying Wave Structure Target
Dark Defender interprets the ascent from approximately $0.30 to $3.66 as the first sub-wave within Grand Wave 3. The subsequent correction to $1.13 is viewed as the completion of the second sub-wave. The analyst anticipates that this correction sets the stage for a stronger bullish phase.
In this scenario, the third sub-wave is expected to target the range between $74 and $117. Specifically, $74.39 corresponds to the 141.4% Fibonacci extension, while $117.09 aligns with the 261.8% extension. A correction is projected in the fourth sub-wave, followed by a potential climb to $333.11 in the fifth sub-wave.
Dark Defender asserts that XRP’s move from the $0.30 zone to $3.66 is just the first step of Grand Wave 3, and believes the market is on the verge of its largest-ever wave.
Fibonacci Levels and Long-Term Strategy
The analyst’s chart links each target to specific Fibonacci levels. Accordingly, the 200% extension aligns with $30.30, the 261.8% extension with $117.09, and on a macro level, the 161.8% extension matches $333.11. The most ambitious target of $1,043.60 corresponds to the 361.8% extension in the larger wave structure.
Dark Defender mentions that the current setup is a continuation of the long-term thesis he has advocated for years. He regards the recent peak as foundational within a larger framework, suggesting that the $1.13 low acts as a launch point for future phases.
2027 Projection and Subsequent Phase
In a broader wave count, the Wave 3 target stands at $1,043, with completion anticipated by 2027. The analysis indicates that the A B C correction phase from 2025 onwards concluded around $1.13. This extended period of consolidation is seen as marking the beginning of a new cycle.
The analyst shares his methodical examination of the weekly chart from $1.13 up to $333 and $1,000 regions, noting that the comprehensive alignment has already begun unfolding.
The third sub-wave emerges as the next focal point. In Elliott Wave theory, third waves typically exhibit the most intense price movements. Hence, according to Dark Defender’s scenario, this segment is where the primary momentum is anticipated to unfold.
