|
Getting your Trinity Audio player ready...
|
- XRP’s Fibonacci extensions point to $8–$12 as the next major price target.
- Last week’s $700M liquidation reset the market, clearing excess leverage.
- Breakout confirmation depends on holding $3.10–$3.70 resistance and rising volume.
Stay ahead with real-time updates and insights—Join our Telegram channel!
The cryptocurrency market thrives on volatility, and few tokens showcase it better than XRP. After a wave of liquidations wiped out over $700 million in leveraged positions, the asset is now regaining momentum, with technical indicators pointing to a potentially dramatic next leg.
Fibonacci Extensions Highlight Next Price Targets
Analyst Cryptoinsightuk emphasizes the importance of Fibonacci extensions in predicting XRP’s trajectory. By analyzing the token’s recent corrective swings, the 4.236 extension level emerges as a key zone, aligning with prices between $8 and $12. Historically, such extensions mark the terminal phase of strong uptrends, often following deep retracements that precede explosive rallies.
I've given you my case as to why I think $XRP's next leg takes us out to $8.00 – $12.00. This is the area I've said I'll deleverage heavily.
— Cryptoinsightuk (@Cryptoinsightuk) October 13, 2025
Isn't it funny looking at this recent liquidation event and throwing a fib on there to see where the price would take us to if we see a… pic.twitter.com/qBt2wclIIl
XRP’s current setup mirrors previous patterns where substantial corrections set the stage for multi-thousand-percent gains. Rising spot volumes and improved market depth suggest that bulls may now have the ideal conditions to push the token higher.
Market Reset Clears the Path
Last week’s liquidation acted as a market “reset,” purging excessive leverage and restoring equilibrium between buyers and sellers. XRP prices briefly fell to $1.60 before stabilizing near $2.58, creating a healthier foundation for a potential rally. Analysts view such events as necessary for sustained upward momentum, giving bulls a cleaner slate for the next push.
Cross-Exchange Chart Alignment Reinforces Bullish Case
One of the most compelling aspects of this setup is its confirmation across multiple platforms. Both Coinbase and Binance daily charts display matching swing points and extension levels. This symmetry reduces the likelihood that the bullish pattern is an isolated anomaly, suggesting that the $8–$12 target reflects a consensus view across the global XRP market.
Also Read: 1.5 Billion XRP Moved in a Day — Analyst Warns This Could Be the Start of a Massive Rally
Before this move can fully materialize, XRP must break and hold above the $3.10–$3.70 resistance range. Sustained daily RSI recovery and rising trading volumes are crucial. Should broader market sentiment sour or these levels fail to hold, the token could retreat toward support levels near $1.80. Smart position management remains essential in navigating this volatile market.
XRP’s potential surge isn’t rooted in hype but in disciplined technical analysis. If the token capitalizes on post-liquidation momentum, it could stage one of its most dramatic moves in years. While risks remain, the path to $8–$12 is clearly laid out for traders watching closely.
Stay ahead with real-time updates and insights—Join our Telegram channel!
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
