Two prominent crypto analysts have separately pointed out what they describe as a major technical setup for the XRP price, with one pointing to a chart structure he has been following since October 2023 that continues to chart the asset’s price action – and the other capturing an unusual moment that briefly showed
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On-chain analyst and technical researcher Dark Defender (@DefendDark) returned to X with an update to a chart he originally published on October 25, 2023, arguing that the structure has remained the only technical framework for
According to the afterthe chart continues to closely track XRP price behavior – a claim that carries weight given the asset’s volatile journey over two and a half years of market cycles.
XRP's price 2023 fractal remains valid anticipating an explosion in the crypto's value. Source: DarkDefender via X
The technical structure of XRP
Dark Defender’s analysis is built around Elliott Wave theory and Fibonacci extension levels, a framework that maps price action using recurring structural patterns rather than short-term momentum signals. According to his broader body, the analyst has identified key Fibonacci targets above current prices, including levels around $2.58 and $3.56, with the correction phase that defined XRP’s recent price action now appearing technically resolved on the weekly chart.
The analyst has stated that a directional move is considered inevitable as long as the XRP price maintains its critical support structure – a condition that the chart currently meets.
The longer-term targets referenced in his analysis extend significantly higher, with a Wave 5 projection pointing towards $5.85 and beyond the Fibonacci levels, according to reporting by BYDFi based on his previous charting work. These remain projections that depend on the broader wave structure.
The only card that has remained valid since 25 Oct 23.
Just look at the levels, how well they played.
It will continue.
Huge success for #XRP is on its way. https://t.co/huo84RHclY
— Dark Defender (@DefendDark) May 10, 2026
The moment of $43,032
Separately, crypto analyst Steph Is Crypto (@Steph_iscrypto) posted a video about The currency calculator on the same page simultaneously listed the real rate of XRP at around $0.57, confirming that this figure was a platform error rather than a real market event.
The incident immediately caught the attention of the XRP community. While this is clearly a data error, it comes at a time when technical analysts are already building bullish frameworks for the asset. This adds an ironic footnote to a week of increasing analyst conviction about XRP’s direction. However, the analyst interpreted the glitch as an expression of future possibilities for the XRP price.
The bigger picture for the XRP price
XRP is currently trading near the $2.11 area and is above key support but below the resistance levels that analysts identify as the threshold for a confirmed breakout. The CLARITY Act, currently passing the US Senate, remains the key regulatory catalyst for this asset in the near term – with digital prediction markets putting its probability of passage by 2026 at more than 60%.
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A clean legislative outcome, combined with the technical structure that Dark Defender describes, could prove to be the combination that finally turns XRP’s long-term consolidation into something more decisive.
XRP price trends sideways on the daily chart. Source: XRPUSD on Tradingview
At the time of writing, the
Cover image of Grok, XRPUSD chart from Tradingview