Analyst Says XRP in Wave 4 Correction, Not Bear Market
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Analyst Says XRP in Wave 4 Correction, Not Bear Market

Crypto analyst Dark Defender argues XRP is in Elliott Wave 4, a historically bearish but temporary phase, rather than a full bear market. The wave began in February 2025 and must complete before the next uptrend can begin, the analyst said.

Oct 22, 2026, 08:18 PM1 min read

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Elliott Wave 4 Thesis

Crypto analyst Dark Defender contends that XRP is not in a bear market but rather in Wave 4 of the Elliott Wave pattern, according to an X post. Wave 4 is historically a bearish phase but represents a temporary correction within a larger uptrend rather than a regime change. Dark Defender has maintained a bullish long-term stance on XRP despite the recent price decline, arguing that the current downtrend is consistent with this wave structure.

Timeline and Completion

According to Dark Defender, Wave 4 has been in effect since February 2025 and must complete its full cycle before Wave 5 can begin. The analyst did not specify an end date for the correction or provide a target price, but implied that once this wave plays out, XRP could enter a new uptrend that could reach new peaks. The precise duration and endpoint of Wave 4 was not detailed in available reporting.

Analyst Context

Dark Defender has been among the more vocal XRP supporters in the analyst community. The argument hinges on Elliott Wave methodology, a technical framework used to identify cyclical market patterns but one that lacks predictive validation in peer-reviewed studies. Readers should note that single analyst calls, even from established voices, do not constitute market consensus or guarantee future price action.

Why It Matters

For Traders

If Wave 4 completion is imminent, some traders may view current prices as near a potential reversal point, though Elliott Wave timing is inherently uncertain.

For Investors

The thesis suggests current weakness is cyclical rather than structural, but long-term conviction should rest on on-chain adoption and regulatory clarity, not pattern recognition alone.

For Builders

XRP infrastructure and application development should proceed independent of short-term price cycles and technical analyst opinion.

This article is for information only and is not financial advice. Read the full disclaimer.

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