Dark Defender: XLM Has a Bullish Setup & RSI. XRP Will Make the Same Move. Here's why

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Crypto analyst Dark Defender has shared a new technical outlook on Stellar (XLM), arguing that the digital asset continues to maintain a bullish market structure despite recent price fluctuations.

In a recent tweet, the analyst highlighted what he described as a bullish setup for XLM, supported by price action and momentum indicators.

According to Dark Defender, XLM’s Wave 3 formation remains active and could still extend toward the 361.80% Fibonacci target level. He noted that the asset’s ability to reach that objective depends largely on how the price performs around the $0.29 area, which appears to be a significant level in his analysis.

The chart attached to the post presents a detailed Elliott Wave structure, showing XLM progressing through a series of projected wave movements. The analyst outlined a path that could see the asset move higher after completing a corrective phase, with the projected Wave 3 peak targeting the region near $0.39, corresponding to the 361.80% Fibonacci extension level.

Chart Highlights Key Resistance and Fibonacci Targets

Dark Defender’s chart identifies several Fibonacci levels that may act as important milestones during a potential upward move. Among the levels displayed are the 161.80%, 200%, 261.80%, and 361.80% extensions, with the highest target sitting near $0.3936.

The analysis also emphasizes the importance of the $0.29 price zone. On the chart, that area aligns closely with the 261.80% Fibonacci extension, making it a key resistance level that traders may monitor in the coming weeks. Dark Defender suggested that XLM’s ability to maintain strength above this region could determine whether the projected Wave 3 expansion reaches its maximum target.

In addition to the wave count, the analyst noted the Relative Strength Index (RSI) as another bullish factor. The chart shows a sharp rise in RSI, with the indicator moving above previous readings and approaching overbought territory. Dark Defender cited this development as evidence that momentum is currently favoring the bulls.

Comparison With Previous Analysis

The analyst also referenced an earlier chart published on March 16, stating that the complete analysis is available on his website, where he compares the current setup with the structure he identified earlier this year.

By highlighting similarities between the two analyses, Dark Defender appears to be reinforcing his view that XLM remains on track within a larger bullish trend. His latest chart suggests that recent price action has continued to respect the broader wave structure that he has been tracking for several months.

XRP Mentioned as Potential Follower

Beyond Stellar, Dark Defender also made a notable comment regarding XRP. In the same post, he stated that XRP will make the same move as XLM.

While he did not provide additional details in the post itself, the statement indicates that he sees comparable technical conditions developing on XRP’s chart. The remark aligns with his long-standing practice of comparing the market structures of XLM and XRP, the digital assets that traders often analyze together for their historical similarities.

For now, Dark Defender’s focus remains on XLM’s ability to sustain momentum and challenge the $0.29 level. If that resistance gives way, his analysis suggests that the 361.80% Fibonacci extension near $0.39 could become the next major target, with XRP potentially following a similar path according to his outlook.

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