XRP Primed for "Surprise" Breakout by October, Analyst Predicts
Despite recent struggles to definitively conquer the $3 mark, XRP is signaling a potentially massive market shift by October, according to prominent analyst Dark Defender. A distinctive "Falling Wedge" pattern has emerged, hinting at a powerful upward trajectory that could catch many off guard.
Falling Wedge Pattern Signals Major Shift
Technical analysis by Dark Defender reveals that XRP has consistently respected its key support levels around $2.85, even after being rejected at $3.13. This consistent behavior forms a "Falling Wedge" pattern, a bullish indicator often preceding a significant price surge. The Relative Strength Index (RSI) is also reportedly nearing oversold territory, a condition frequently associated with impending price reversals. Dark Defender remains staunchly bullish, suggesting that current market skepticism merely underscores the potential for a surprising breakout.
October Breakout and Ambitious Price Targets
The current consolidation phase, observed between July and September, is expected to culminate in a breakout during October. Dark Defender projects ambitious price targets for XRP, ranging from $4.17, $4.92, to $5.85. These targets are strategically aligned with upper Fibonacci Extension zones (261.8%, 361.8%, and 236.8%, respectively), providing a structural basis for the predictions. Critical support levels at $2.80 and $2.64 are identified as foundational buffers for this projected move.
Unlocking XRP's True Potential
Dark Defender maintains that XRP's "true rally" has yet to begin, viewing recent price movements as mere consolidation before a substantial upward leg. He highlights that XRP is nearing the conclusion of its corrective ABCDE consolidation phase. Should the cryptocurrency successfully reclaim the $3.33 level, it could pave the way for prices to enter double-digit territory. This optimistic outlook comes on the heels of XRP's impressive 384% Year-to-Date gain in 2025, buoyed by rumors of a potential XRP ETF and renewed investor confidence following the resolution of the Ripple-SEC lawsuit.
