A prominent crypto analyst from Crypto Insight UK has issued a detailed forecast suggesting XRP must experience one final bearish shakeout before launching toward an ambitious $10 price target. The analysis comes amid growing technical evidence pointing to major XRP price movements in the coming months.
Key Technical Levels and Liquidity Analysis
According to the analyst’s latest assessment, XRP faces a critical test at the $2.01-$1.95 support zone – an area dense with stop-loss orders and untapped liquidity. This technical setup suggests one final capitulation move is likely before a sustained uptrend can begin.
Broader Market Context
The prediction comes against a backdrop of significant cross-asset strength, with Bitcoin maintaining support above $100,000 despite recent market turbulence. The analyst suggests Bitcoin’s dominance could surge to 65.5%, potentially triggering the final XRP capitulation phase.
Technical Indicators Point to Bullish Divergence
Once the predicted liquidity sweep occurs, the analyst anticipates a textbook bullish divergence on the daily RSI, characterized by a lower price low but higher RSI low. This technical pattern often precedes significant price rallies.
FAQ Section
What is the predicted bottom for XRP?
The analyst targets the $1.95-$2.01 range as the final support zone before a potential rally.
What technical indicators support the $10 target?
The analysis cites RSI divergence, liquidity analysis, and broader market conditions as key supporting factors.
How does Bitcoin’s price action affect XRP’s outlook?
Bitcoin’s dominance reaching 65.5% could trigger the final XRP capitulation before the predicted rally.
At press time, XRP trades at $2.17, with significant support levels established at $2.01 and $1.95. Traders should maintain strict risk management given the potential for increased volatility during the predicted price movements.