XRP’s ABCDE Correction Complete, Double-Digit Rally Still Possible
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Crypto chart analyst Dark Defender says XRP has successfully wrapped up an ABCDE wave correction on the daily chart, a consolidation phase he expected rather than a sharp selloff.
While acknowledging some bearish indicators, he stressed that XRP’s position today is fundamentally different from the 2017 and 2021 cycles.
According to his outlook, the consolidation range is likely to hold between $3.33 and $2.64, with growing demand helping absorb selling pressure.
“The case for XRP is stronger than ever,” he explained, noting that daily adoption and utility make historical comparisons incomplete.
Dark Defender argued that as long as XRP respects its established support levels, there’s “no limitation” for the token eventually moving into double-digit territory.
While he cautioned that his views are educational and not financial advice, he remains confident that the correction phase is ending and that the setup for the next major move is intact.
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