Two prominent cryptocurrency analysts separately pointed to what they described as an important technical setup for the price of XRP, with one pointing to a chart structure it has been tracking since October 2023 that continues to map the asset’s price action — and the other capturing an unusual moment that briefly showed XRP trading at over $43,000 on a major price aggregator.
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Technical analyst and researcher Dark Defender (@DefendDark) returned to X with an update on the chart he originally posted on October 25, 2023, arguing that the structure remained the only technical framework for XRP that remained valid during the intervening period.
According to mailThe chart continues to accurately track XRP’s price behavior – a claim that carries weight given the asset’s volatile journey across two and a half years of market cycles.
XRP's price 2023 fractal remains valid anticipating an explosion in the crypto's value. Source: DarkDefender via X
Technical structure of XRP
Dark Defender’s analysis is based on Elliott Wave Theory and Fibonacci Extension Levels, a framework that plots price action against recurring structural patterns rather than short-term momentum signals. According to its broader body, the analyst has identified key Fibonacci targets above current prices including levels around $2.58 and $3.56, with the correction phase that defined XRP’s recent price action now technically visible on the weekly chart.
The analyst stated that a directional move is seen as inevitable as long as the XRP price maintains the crucial support structure – a condition that the chart currently meets.
The longer-term targets indicated in his analysis extend much higher, with a wave 5 projection pointing toward $5.85 and Fibonacci levels extended beyond that, BYDFi reports based on his previous charting work. These expectations remain dependent on the stability of the broader wave structure.
The only chart that has been valid since 25 Oct 23.
Just look at the levels and how well they play.
And it will continue.
Huge success for #XRP On her way. https://t.co/huo84RHclY
— Dark Defender (@DefendDark) May 10, 2026
Moment $43,032
Separately, cryptocurrency analyst Steph Is Crypto (@Steph_iscrypto) to publish A video on X captures an unusual data anomaly – the price of XRP briefly traded at $43,032.32 on a major cryptocurrency price tracking platform. The currency converter on the same page at the same time listed the actual price of XRP at around $0.57 USD, confirming that this number is a glitch in the platform and not a real market event.
The incident drew immediate attention across the XRP community. Although it is clearly a data error, it arrives at a time when technical analysts are already building bullish frameworks for the asset – adding an ironic footnote to a week of growing analyst conviction about XRP’s direction. However, the analyst viewed the glitch as an expression of the future possibilities for the XRP price.
The bigger picture of XRP price
XRP is currently trading near the $2.11 region, where it is above major support but below resistance levels that analysts identify as the threshold for a confirmed breakout. The CLARITY Act, currently advancing through the US Senate, remains the most significant near-term regulatory catalyst for the asset – with digital prediction markets pricing the odds of passing in 2026 at over 60%.
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A clean legislative outcome, combined with the technical structure that Dark Defender describes, could be the combination that finally resolves the lengthy XRP consolidation process into something more conclusive.
XRP price trends sideways on the daily chart. Source: XRPUSD on Tradingview
As of this writing, XRP price is trading at around $2.11, holding above a crucial support level as it enters the technical and regulatory setup that analysts have been building toward what many in the community consider a pivotal window.
Cover image of Grok and XRPUSD chart from Tradingview
