Dark Defender, a prominent analyst in the cryptocurrency sector, has recently drawn significant attention to XRP, suggesting that the digital asset is currently setting the stage for a potentially surprising market movement. Despite its persistent struggle to decisively break above the $3 mark, XRP is now exhibiting a classic bullish formation known as a Falling Wedge pattern. This pattern, widely recognized in technical analysis, typically signals the potential for a powerful upward breakout, with projections pointing towards October as a pivotal month. This analytical insight has sparked considerable interest among investors, hinting at a potential shift in XRP's market dynamics.
Falling Wedge Pattern: A Precursor to XRP's October Breakout
In a comprehensive XRP price analysis published recently, Dark Defender highlighted that the cryptocurrency has consistently demonstrated respect for its key support levels, particularly around the $2.85 mark. This resilience was observed even after the asset encountered rejection at the $3.13 resistance level. The XRP price has repeatedly tapped into its primary support trendline, prominently illustrated in orange on the analyst's charts, which has proven to be a robust structural base. This consistent adherence to support underscores an underlying strength, even during periods of price consolidation.
Furthermore, a critical indicator, the Relative Strength Index (RSI), is gradually moving closer to oversold territory. The RSI is a momentum oscillator that measures the speed and change of price movements, and a reading near oversold levels often precedes a potential price reversal, suggesting that selling pressure may be exhausting itself, paving the way for a rebound. While a palpable sense of skepticism might be circulating throughout the broader market concerning XRP's near-term prospects, Dark Defender firmly maintains that the bullish structure for XRP remains intact. He suggests that this very market disbelief acts as a strong counter-indicator, implying that many market participants could be caught unprepared by the forthcoming price action, thus enhancing the potential for a surprising rally.
The analyst further elaborated that XRP has been undergoing a period of consolidation, specifically within a well-defined Falling Wedge pattern, which has been observable between July and September. This technical pattern is characterized by converging trendlines, both resistance and support, sloping downwards, indicating a gradual decrease in trading range and often preceding a bullish breakout. According to Dark Defender's assessment, October is anticipated to be the crucial month when XRP is expected to finally break free from this wedge formation. Should this breakout materialize, it could unleash a rally powerful enough to genuinely surprise the broader cryptocurrency market, signifying a robust bullish impulse.
Strategic Price Targets and Critical Support Zones
Building on this optimistic momentum, Dark Defender has meticulously forecasted three specific price targets for XRP by October: $4.17, $4.92, and $5.85. These levels are strategically aligned with significant upper Fibonacci Extension zones, precisely at 261.8%, 361.8%, and 236.8%, respectively. Fibonacci extensions are powerful tools utilized by traders to identify potential price targets or areas where resistance might be encountered beyond established highs, providing a roadmap for future price action. Concurrently, XRP benefits from robust immediate support levels, set at $2.80 and $2.64. These critical support zones are indispensable for providing a sturdy foundation, ensuring the necessary stability for the projected Falling Wedge breakout to unfold successfully and sustainably without significant pullbacks.
XRP's Bullish Trajectory: The Beginning of a Larger Wave
Further reinforcing his earlier predictions, Dark Defender has strengthened his bullish case by asserting that XRP has not yet commenced its true and significant rally. He postulates that a fundamental power shift is actively unfolding within the market dynamics, suggesting that what the market has observed thus far is merely the initial phase of a much larger, more impactful bullish wave. This perspective encourages investors to adopt a long-term view, implying that current price movements are foundational steps paving the way for more substantial gains in the foreseeable future.
This highly optimistic assessment comes at a time when XRP has already demonstrated a remarkable performance throughout the year 2025. According to data compiled by CoinMarketCap, the cryptocurrency has recorded an impressive 384% Year-to-Date gain. This substantial surge can be attributed to a confluence of several key factors, including increasing demand for the asset across various platforms, persistent rumors surrounding the potential introduction of an XRP Exchange-Traded Fund (ETF), and a significant resurgence of investor confidence following the definitive resolution of the protracted Ripple-SEC lawsuit. These developments have collectively contributed to a notably positive sentiment surrounding XRP, fueling its recent upward momentum.
Having previously achieved a high of $3.65 earlier this year, and currently trading just over 5% shy of reclaiming its former all-time high of $3.84, Dark Defender remains unwavering in his conviction that the asset's most significant growth phase is still on the horizon. From his comprehensive analytical viewpoint, the recent price pullback below the crucial $3 psychological level should not be misinterpreted as a sign of underlying weakness. Instead, he views this period as a vital consolidation phase, a necessary market digestion and preparation period before the next major upward leg. This consolidation is seen as a healthy and integral part of a larger bullish trend, allowing the market to gather strength and momentum for future advances.
He further emphasized that XRP is nearing the culmination of its corrective ABCDE consolidation phase. This intricate technical pattern, frequently observed during periods of market uncertainty, typically precedes a significant and decisive price movement. As this phase reaches its completion, XRP is anticipated to be primed for a substantial "lift-off." According to Dark Defender's detailed chart analysis, once the cryptocurrency successfully reclaims and sustains the $3.33 level, it could effectively pave the way for an impressive ascent towards double-digit prices, signaling a new era of growth and heightened investor interest for XRP.
