Analyst Dark Defender Turns Bullish on XRP, Citing 2017 Momentum Pattern Reemergence

Crypto analyst Dark Defender has shared a detailed technical outlook suggesting that XRP may be preparing for another major rally, echoing market conditions seen before its explosive 2017 bull run. According to Defender, XRP’s current monthly chart reflects strong similarities to its historical impulsive wave structures.

In his analysis, XRP has once again closed above previous candles, maintained levels above the Ichimoku Cloud, and shown high RSI momentum, all indicators of bullish continuation.

The analyst contrasted this setup with 2021’s corrective phase, when XRP’s price failed to break above resistance, remained below the Ichimoku Clouds, and saw the Exponential Moving Average (EMA) break down, marking a weak, non-impulsive structure amplified by the ongoing SEC lawsuit at the time.

Now, with XRP breaking out from a prolonged consolidation phase in late 2024 and forming what Defender calls a “new impulsive structure,” he argues the asset could mirror its 2017 trajectory. The RSI pattern currently shows high momentum, similar to pre-rally conditions eight years ago.

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Defender emphasized that XRP’s candles and averages remain firmly in bullish alignment, indicating renewed strength and structural integrity in its trend. “We are entering a new era,” he wrote, adding that the future of Ripple and XRP looks bright as blockchain adoption accelerates.