TimesTabloid
2025-10-08 23:30:41

Analyst: XRP Poised For $11 Price Rally

Caleb Franzen, founder of Cubic Analytics, has provided a new set of XRP price targets derived from Fibonacci extension levels, offering insights into potential future movements of the asset as it consolidates near the $3 region. Despite the recent market recovery led by Bitcoin (BTC) and BNB, XRP has remained under pressure. After peaking at $3.66 in July 2025, the token has struggled to maintain momentum, dropping to $2.88 amid renewed bearish sentiment. The downturn has coincided with growing fear among retail investors, reflected in a six-month high in FUD metrics . XRP’s Current Technical Position During an interview on the Thinking Crypto podcast hosted by Tony Edward, Franzen characterized XRP’s recent consolidation as a coiling phase, a period of tight price movement that often precedes a significant breakout. He reviewed XRP’s performance from December 2024 to July 2025, noting a pattern of consecutive higher highs. The asset first climbed to $2.9 in December 2024, later advancing to $3.4 in January 2025, and eventually touching $3.66 by July. These incremental gains, he said, reflect a constructive longer-term structure despite short-term declines. However, since July, XRP’s movement has tightened, producing a sequence of lower highs. Franzen believes this development suggests a temporary cooling phase rather than the beginning of a broader downtrend. He emphasized that the market could be consolidating before another attempt at a sustained upward move. Projected XRP Price Levels Franzen’s Fibonacci analysis identifies several potential price targets if XRP resumes its uptrend. Based on the 161.8% Fibonacci extension, he expects XRP could advance toward $4.40, while the 261.8% extension points to $6. Applying the same Fibonacci method to the broader consolidation range between first-quarter highs and lows, he derived even more ambitious targets of $5.40 and $11.55. Franzen stressed that these projections remain valid only if XRP holds above $2.68, which he identified as a key support level. A decisive drop below this zone, he added, would invalidate the bullish setup and could signal the need for traders to reassess their exposure. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Diverging Analyst Opinions Other analysts have offered mixed short-term perspectives on XRP’s movement. Market commentator DustyBC observed that XRP recently experienced a wave of selling pressure following brief gains. He attributed the correction partly to renewed strength in the U.S. Dollar Index (DXY), explaining that such pullbacks are typical after extended rallies. According to DustyBC , XRP’s price is now positioned within a support range between $2.8 and $2.9, an area he had previously identified. He added that the ongoing wave structure remains incomplete until XRP surpasses the upper boundary of its recent consolidation. Similarly, analyst Lark Davis highlighted XRP’s difficulty in breaking above its descending resistance line. Davis noted that a confirmed breakout beyond the $3 level could trigger a push toward $4. Conversely, failure to do so might lead the token to retest the 20-day exponential moving average (EMA) at around $2.94 for potential support. Meanwhile, trader Matt Hughes expressed optimism about XRP’s resilience at current levels. He remarked that the asset’s ability to remain stable despite market volatility suggests underlying strength. Hughes predicted that once XRP successfully clears the $3.21 resistance area, a stronger breakout could follow. Franzen’s Fibonacci-based outlook, combined with the varied short-term assessments from other analysts, reflects an uncertain but closely watched phase for XRP. While the broader sentiment remains cautious, the token’s historical tendency to recover strongly after consolidation has kept long-term expectations alive among bullish traders. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Analyst: XRP Poised For $11 Price Rally appeared first on Times Tabloid .

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