Analyst Predicts XRP Could Skyrocket: Is $11.55 The Next Stop? 😱

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XRP is currently going through one of those “I’m not quite sure what I’m doing” phases – trading sideways like a teenager who just can’t decide whether to go out or stay home. This is what the fancy folks in the crypto world call a “coiling pattern,” which, if you’re lucky, leads to a breakout. Caleb Franzen, the founder of Cubic Analytics and expert at knowing when to buy and when to run for cover, recently told the Thinking Crypto podcast that XRP has been hitting new highs lately. But right now, it’s narrowing down like it’s trying to fit into a pair of skinny jeans. The market is just resetting, preparing for what might be its next big leap. 🤞

Franzen’s analysis, which sounds like he’s speaking a different language involving numbers and lines, points to some Fibonacci extension levels. Yes, Fibonacci. Who knew math could be this exciting, right? He’s got some near-term targets in mind: around $4.40 and $6.00. But wait-there’s more! According to his big-picture charting, we could see XRP potentially hitting $5.40 and $11.55, which might make you want to cancel your dinner plans and get in on this action. 🍽️

Support and Resistance Levels

  • Critical Support: $2.68 (not quite rock-bottom, but close enough to give you the jitters)
  • Immediate Targets: $4.40 and $6.00 (just enough to keep you excited but not enough to retire on)
  • Long-Term Range: $5.40 to $11.55 (I mean, at this point, why not shoot for the stars?)

As long as XRP can hold above the magical $2.68 line, everything is peachy keen. But if it falls below that, well, buckle up, because things could get bumpy. You might want to reconsider your position, or at least, take a few deep breaths. Holding above that line, though? You’re looking at some serious potential for bigger gains, my friend.

Technical Structure and Market Discipline

Franzen’s analysis isn’t just based on random guesses or a dartboard; it’s based on the price movement. He’s all about that market structure, which he claims is the most reliable indicator of both risk and opportunity. The economy’s doing just fine, thank you very much. Real GDP grew by 3.8% in Q2, and it’s expected to hit 3.9% in Q3. Unemployment is at 3.8% for those 25-54, which is just a fancy way of saying people have jobs and are spending money. 📈

On top of that, industrial production and retail sales are climbing, and wages are rising at 4.1% year over year. All of this is great news for risk assets like XRP, meaning your favorite cryptocurrency might just keep climbing. Oh, and that government shutdown? Apparently, it didn’t really hurt anything. If anything, it gave the markets a little extra “oomph.”

Conclusion

So, where does this leave us with XRP? Well, if it stays above the critical $2.68 line (fingers crossed), it could very well inch its way toward $4.40 and $6.00 soon. And who knows? A big breakout could send it to $11.55, which would be enough to make anyone want to grab a celebratory latte. Just remember: crypto is a rollercoaster, so enjoy the ride, but hold on tight. 🚀💸

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2025-10-07 20:05