A rare chart pattern in XRP’s history is pointing to a number that sounds almost too big to believe, $11, and the analyst behind the call says it’s not a guess, it’s based on math the market has followed before. XRP price is sitting at a make-or-break support zone right now. Hold it, and the next big rally could begin. Lose it, and a deeper pullback becomes more likely.
Where Does $11 Actually Come From?
This isn’t a random guess. It comes from a common pattern in technical analysis where one price swing tends to match the length of an earlier one. Looking back at XRP’s 2021 high and the moves since, the chart suggests XRP may have already completed two legs of a bigger pattern. If a third leg is now forming, and it moves the same distance as the first one, that math points almost exactly to $11.
Level That Decides Everything
For the path toward $11 to stay alive, XRP needs to hold the $1.10 to $1.38 zone. If it holds, the door stays open for a strong, sustained rally. If it breaks, or if the bounce looks weak and choppy instead of strong and structured, that would point toward a bigger pullback instead of a breakout.
What’s Happening Right Now, Up Close
Zooming into the shorter-term chart, XRP looks like it’s finishing a smaller pullback, currently testing support between $1.10 and $1.29. One more small dip wouldn’t be surprising, possibly down to $1.21 or even $1.15, though reaching that exact level isn’t necessary.
The main sign that this dip is over would be XRP climbing back above $1.49. After that, the next real test is whether it can break above its high from August 22.
Why This Will Take Time
XRP can rally fast once it gets going, like it did right after its August low. But pullbacks and corrections like the one happening now tend to drag on much longer than the rallies that follow them. Reaching $11 isn’t something that happens overnight. It would take holding support now, then building real strength over the coming weeks and months.
$11 is a real target based on the chart’s structure, but it’s a long-term possibility, not a next-week prediction. The immediate focus is simple: can XRP hold its current support? If yes, the bigger bullish story stays alive. If not, a deeper correction becomes the more likely path instead.
Was this writing helpful?
Story Ends Here
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author’s own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Read the Next News
