XRP Bull Run Reloaded: Analyst Says Momentum | Crypto News
Crypto chartist Dark Defender says XRP’s current month-to-month construction has flipped back to the same high-momentum regime that preceded its 2017–2018 vertical run, arguing that a contemporary impulsive wave is underway after last yr’s breakout. In a detailed thread accompanying a multi-year month-to-month chart, the analyst urged followers to section XRP’s historical past into “Left – Middle – Right,” contrasting a 2017 impulsive setup, a 2021 corrective detour, and what he calls today’s renewed continuation part.
XRP Is Repeating 2017
On the left facet of the chart, Dark Defender highlights the 2017 template: candles closing above prior highs, price holding above Ichimoku Cloud help, elevated Relative Strength Index, and month-to-month closes above a key exponential shifting average. “XRP had an impulsive wave by the end of 2017. This caused the RSI spike with a huge momentum… Volume and the speed were high, so was Momentum,” he wrote, including that the thrust concluded a “five-wave” advance before a multi-month triangle consolidation shaped. The RSI, he famous, flattened but stayed above his smoothed baseline, which he interprets as a bullish continuation signal moderately than exhaustion.
The center part—anchored around 2021—marks the counterpoint. Dark Defender characterizes this period as a corrective A-B construction, with an A-wave decline from the 2018 peak and a B-wave rally that topped at $1.96. Momentum signatures weakened, and the development misplaced its structural helps. “First and foremost, the structure in 2021 was a CORRECTIVE STRUCTURE,” he wrote.
“The price was below the Ichimoku Clouds, hence bearish… The Triangle did not have any candles above the orange resistance… The exponential moving average… was broken downside.” He also reminds readers that “the lawsuit was ongoing,” situating the sample in a period of headline risk and depressed development high quality.
The right-hand panel is where his thesis turns decisively bullish. Dark Defender says a “CRUCIAL BREAK” he flagged on November 10, 2024 preceded a lasting upside extension that, in his view, reestablished an impulsive regime. “We announced a CRUCIAL BREAK… that XRP was going to break the ATH. Yes, 1 day before the extensive break,” he wrote, linking back to his prior post.
He argues that the next advance delivered the required guidelines for development validation: month-to-month Heikin Ashi closes above earlier highs, price reclaiming and holding above the Ichimoku Cloud, a sequence of closes above the purple EMA baseline, and a resurgent RSI profile that he explicitly compares to the 2017 impulse. “The IMPULSIVE WAVE structure has not yet been finalised,” he added, cautioning that a February 2025 pullback was corrective within a bigger advance moderately than the end of the transfer.
Technically, the thread’s comparative anatomy hinges on constant indicators across timeframes and instruments. In 2017 and again now, candles closed above resistance within triangle setups instead of failing at the boundary; price lived above Cloud help moderately than beneath it; and the moving-average “red line” acted as dynamic help moderately than resistance.
Meanwhile, the RSI sequence that degraded in 2021—“medium strength… followed by the low strength”—has flipped back to what he calls a “similar high momentum like in 2017, but not in 2021.” In his abstract, the 2017 section was “entirely an impulsive 5 Wave structure,” 2021 was “Corrective and therefore Weak,” and 2024–2025 displays a “NEW IMPULSIVE STRUCTURE” with continuation potential.
The analyst’s tone is unambiguously constructive. “Considering all the above facts, I remain bullish on XRP and the broader blockchain,” he wrote. “We are entering a new era… and I think the future of Ripple and XRP is bright, following the lodestar, Polaris.” He closes with a attribute chorus to “think positively,” but the core of the argument rests on the guidelines of trend-confirmation gadgets now in place on the month-to-month chart.
Whether XRP finally reproduces the magnitude of its 2017 transfer will rely on how long those indicators persist—month-to-month closes, momentum sustainability above the Cloud, and respect for the EMA baseline—yet Dark Defender’s comparative framework is express: the market circumstances that fostered XRP’s last explosive part are, in his studying, back on the board.
While the analyst refrained from naming an express price goal in his latest post, he had outlined one earlier this month. In an October 2 post on X, Dark Defender wrote, “We were right on XRP. RSI weekly break, weekly trend break, targets are clear. Nothing can stop what’s coming,” sharing a projected $10.47 goal as the fruits of XRP’s anticipated wave-5 construction.
At press time, XRP traded at $2.80.
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