XRP News Today: XRP’s $1.88 Support Holds Firm Amid Potential 6.3% Decline

Analyst Dark Defender recently provided a detailed technical analysis of XRP’s performance on its weekly chart. The analysis, posted yesterday, reiterates the long-standing forecast shared within Dark Defender’s private analysis group, “the Chambers at the Dark’s Side.”

The analysis highlights that XRP’s $1.88 support level, which was previously identified, has held firm, aligning with prior predictions and reinforcing the credibility of the analyst’s charting. The attached chart shows XRP maintaining a clear Elliott Wave pattern within a broader ascending channel. Notably, the “C Wave,” which had previously bounced at $2.08, remains a focal point. Dark Defender notes that this bounce occurred very close to the $2.07 Fibonacci support level, which is consistent with the projected technical indicators.

Despite the bounce, the analysis allows for further downside movement. The chart explicitly outlines that the C Wave could decline as far as $1.95, representing a potential flash crash zone that remains within the expected correction framework. The possibility of a decline to $1.95 is not presented as a sudden development but rather as an anticipated movement that aligns with Fibonacci retracement levels. As illustrated in the chart, the region between $1.926 and $2.07 comprises a strong confluence of historical support zones. Support Trend 2, which runs diagonally beneath the wave pattern, further confirms the strength of the current technical foundation, even in the event of a downward extension of the C Wave.

This outlook is consistent with Dark Defender’s previous statements that the technical chart formations are often predictive and not reactive to news. The latest update continues to support that thesis, stating that “the charts were ahead of the news.” This stance reinforces the analyst’s long-held view that XRP’s market movements are strongly guided by established technical cycles.

Despite short-term volatility, the analyst emphasizes that XRP’s larger structural integrity remains unaffected. The monthly Wave 5 pattern, which signifies the final leg in an extended upward Elliott Wave sequence, is reportedly still in place. This wave suggests the potential for a larger bullish move upon the completion of current corrections, especially if the $1.95 support ultimately proves to be the low of this retracement. The confirmation of the support holding at $1.88, in conjunction with the longer-term bullish structure, signals that no fundamental shift has occurred in the broader technical outlook. Dark Defender assures followers that the forecasted path remains valid, with no alteration to the previously identified targets or formation.

An X user, Jeff Gold, responded to the post with a personal note on the effort involved in aligning with these forecasts. Gold remarked on the discipline required to distinguish legitimate technical patterns, saying, “Don’t let people tell you it was luck. You worked for it so be proud.” This response highlights the commitment of many retail analysts and traders who closely monitor and apply technical models in real time.

Dark Defender’s update continues to reinforce XRP’s bullish long-term structure while providing a cautionary outlook for probable near-term retracements. The $1.88 and $1.95 levels are framed as key zones within a healthy technical cycle, and the larger upward trend remains valid under the current wave model.