XRP News Today: XRP Holds $1.88 Support Amid Potential 6% Decline

Analyst Dark Defender recently provided an in-depth technical analysis of XRP’s weekly chart performance, reiterating the long-term forecast shared within the private analysis group, “the Chambers at the Dark’s Side.” The analysis underscores the significance of XRP’s $1.88 support level, which has held firm as predicted, thereby validating the analyst’s charting accuracy.

The attached chart illustrates XRP maintaining a clear Elliott Wave pattern within a broader ascending channel. The “C Wave,” which previously bounced at $2.08, remains a critical point of interest. Dark Defender notes that this bounce occurred near the $2.07 Fibonacci support level, aligning with the projected technical indicators. Despite this bounce, the analysis suggests potential further downside, with the C Wave possibly declining to $1.95, representing a potential flash crash zone within the expected correction framework.

The possibility of a decline to $1.95 is not a sudden development but an anticipated movement consistent with Fibonacci retracement levels. The region between $1.926 and $2.07 is highlighted as a strong confluence of historical support zones. Support Trend 2, running diagonally beneath the wave pattern, further confirms the strength of the current technical foundation, even if the C Wave extends downward.

This outlook aligns with Dark Defender’s previous statements that technical chart formations are often predictive rather than reactive to news. The latest update supports this thesis, stating that “the charts were ahead of the news.” This stance reinforces the analyst’s 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 intact. The monthly Wave 5 pattern, signifying 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, along 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, highlighting the discipline required to distinguish legitimate technical patterns. Gold’s remark underscores 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.