Analyst frames XRP advance as opening phase of a larger wave

XRP is trading around $1.16 following what CaptainAltcoin describes as a sharp correction, with the token down 2.00% over 24 hours and 7.37% over the past seven days. Its live market capitalization stands at $73.7 billion. Despite the recent weakness, analyst Dark Defender maintains a broadly bullish interpretation of XRP’s larger technical structure. According to CaptainAltcoin, Dark Defender’s latest weekly chart analysis treats XRP’s rise from roughly $0.30 to $3.66 as the first major stage of an Elliott Wave formation he calls “Grand Wave 3.” The analyst therefore views the advance as part of a larger move, although the available coverage provides no additional chart levels, measurements or independent confirmation for that framework. CaptainAltcoin is the only outlet reporting this analysis, so the Grand Wave 3 characterization and Dark Defender’s outlook remain single-source claims rather than a broader publishing consensus. The report does not identify data beyond the approximate starting and peak prices cited in the analysis, and no other supplied outlet corroborates or contradicts the technical reading. The wider crypto market is comparatively steady, with total capitalization at $2.61 trillion and an overall flat trend. Bitcoin is down 0.16% over 24 hours, while the Fear & Greed index stands at 25, labeled Extreme Fear. In that cautious market setting, XRP’s seven-day decline is sharper than Bitcoin’s daily move, while the analyst’s interpretation focuses on the token’s preceding advance rather than its recent pullback. Subsequent weekly chart updates would provide the next stated basis for evaluating the analysis.