{"id":11813,"date":"2026-05-23T04:11:12","date_gmt":"2026-05-23T04:11:12","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/xrp-primary-elliot-wave-remains-intact-and-its-pointing-above-8\/"},"modified":"2026-05-23T04:11:12","modified_gmt":"2026-05-23T04:11:12","slug":"xrp-primary-elliot-wave-remains-intact-and-its-pointing-above-8","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/xrp-primary-elliot-wave-remains-intact-and-its-pointing-above-8\/","title":{"rendered":"XRP Primary Elliot Wave Remains Intact And It\u2019s Pointing Above $8"},"content":{"rendered":"

XRP is trading in one of its most important technical zones of the year, with a new two-week chart analysis arguing that the larger Elliott Wave structure has not broken down.\u00a0<\/p>\n

The setup, which was shared by crypto analyst Dark Defender, places XRP near the end of a narrowing resistance and support apex, where the next major move could decide whether the cryptocurrency will still be trapped below short-term resistance or beg a stronger upward rally to defined resistance levels.<\/p>\n

XRP\u2019s Elliott Wave Count Still Points To A Larger Bullish Structure<\/h2>\n

Dark Defender\u2019s analysis is built around <\/a>the view that XRP\u2019s primary Elliott Wave structure is still intact on the two-week candlestick timeframe chart. The chart shows XRP moving through a larger five-wave sequence, with the current price action around the end of Wave 4.\u00a0<\/p>\n

According to Elliott Wave theory, Wave 4 is the second corrective phase in a five-wave impulse that comes before the final Wave 5 expansion, provided the entire impulse structure is not invalidated by a breakdown.<\/p>\n

As shown in the chart below, XRP is being squeezed between a descending orange resistance line and a rising blue support line. The XRP price touched the blue support line<\/a> in March and has created a few bullish 2-week candlesticks since then. The current candlestick touched the descending orange resistance line again, and this shows that XRP is running out of space<\/a> to continue consolidating.<\/p>\n

\"XRP\"<\/p>\n

The analyst highlighted support between $1.36 and $1.31. That range is important because XRP is already trading around $1.36, meaning the price action is testing the lower part of the setup in real time.\u00a0<\/p>\n

A clean hold above this zone would keep the bullish wave count alive, while a loss of the area would discredit the possibility that the current structure is still preparing for a Wave 5 move.<\/p>\n

Fibonacci Price Levels To $8<\/h2>\n

The most important short-term battle is around the orange resistance line. Dark Defender said XRP will break that orange resistance and deliver a strong, strong run through the end of May. Since the rejection at $3.65 in July 2025, XRP has formed lower highs under that descending trendline, which is now around $1.47.<\/p>\n

The projected path on the chart shows XRP breaking above $1.47 and then extending into the higher Fibonacci extensions. The first notable extension is a 161.80% extension at $1.8818. The 361.80% extension, a Fibonacci level associated with extended Wave 3 and Wave 5 completions in strong impulsive structures, maps to $3.5632. It is the 644.40% extension, however, that anchors the full bullish prediction of $8.7822, which is labeled as the Wave 5 target.<\/p>\n

\"XRP\"<\/p>\n","protected":false},"excerpt":{"rendered":"

XRP is trading in one of its most important technical zones of the year, with a new two-week chart analysis arguing that the larger Elliott Wave structure has not broken down.\u00a0 The setup, which was shared by crypto analyst Dark Defender, places XRP near the end of a narrowing resistance and support apex, where the…<\/p>\n","protected":false},"author":1,"featured_media":11814,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[149],"tags":[1655,1759,1313,1778,151,150,326,327,153,154],"class_list":["post-11813","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-xrp","tag-dark-defender","tag-descending-resistance","tag-elliott-wave-theory","tag-fibonacci-level","tag-ripple","tag-xrp","tag-xrp-news","tag-xrp-price","tag-xrpusd","tag-xrpusdt"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/11813","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=11813"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/11813\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/11814"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=11813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=11813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=11813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}