Dark Defender: The Narrative is Set to Evolve Favorably for XRP – Here's Why

XRP's Current Market Analysis: Crypto analyst Dark Defender maintains a positive outlook on XRP, suggesting that recent price volatility is part of a corrective phase rather than a sign of a bear market, supported by an Elliott Wave framework.

Monthly Wave 4 Structure: Dark Defender identifies XRP's movement through a Monthly Wave 4 structure, with specific price targets such as $1.88 and $3.80, indicating that recent price actions are normal retracements within a bullish cycle.

Completion of Wave C: The analyst notes that XRP's return to the $1.88 level marks the completion of the Monthly Wave 4 correction, reinforcing the importance of a consistent analytical approach during market fluctuations.

Future Projections: With the correction phase complete, Dark Defender projects a potential move towards $5.85 in the next cycle, emphasizing that current market conditions do not indicate a sustained bear market and viewing recent declines as technical opportunities.