• XRP continued its expected price movement on March 29, aligning with recent market trends.
• XRP maintained stability, following its projected trajectory amid broader crypto market fluctuations.

XRP’s price action has been closely monitored by crypto analyst Dark Defender, whose March 18 prediction has largely played out as expected by March 29. The analyst’s recent update demonstrates a strong alignment between the projected wave pattern and the actual market movements, reinforcing the effectiveness of his technical analysis approach.

March 18 Forecast: Predicting the Drop

On March 18, Dark Defender shared an analysis suggesting that XRP was in a corrective ABC wave pattern, predicting a potential decline. Utilizing Fibonacci retracement levels, the forecast pinpointed key support levels where XRP might stabilize. The projection suggested that XRP would reach a Wave 5 peak in the $2.50-$2.60 range before undergoing a correction to the 23.6% Fibonacci level.

Ripple: March 29 – XRP Follows the Script

By March 29, XRP had moved almost exactly as Dark Defender predicted. The price peaked at Wave 5 on March 19 before declining to $2.06—an alignment with the projected Fibonacci level. This validation of the analysis highlights the predictive power of Elliott Wave Theory in tracking XRP’s movements.

Currently, XRP is trading at $2.14, showing a modest 1.32% gain in the past 24 hours. This minor rebound could indicate the next phase in the projected pattern, suggesting further opportunities for traders to anticipate XRP’s direction.

Market Reaction: Skepticism and Praise

Dark Defender’s update sparked mixed reactions. Some traders lauded the accuracy of his analysis, while others questioned whether the alignment was due to market trends or simply a matter of chance. Notably, analyst Arthur Harrison pointed out that Dark Defender’s forecasts often seem more precise when predicting downturns rather than bullish runs.

Despite skepticism, Dark Defender’s reliance on Fibonacci retracement levels and Elliott Wave Theory continues to prove effective. As traders closely monitor Ripple’s next moves, the key question remains: Will the pattern continue as predicted, or will market forces introduce unexpected volatility?

For now, XRP investors will be keeping a close eye on the charts, looking for the next signal in this unfolding price action.