XRP could see a price surge to $11, according to an analyst.

crypthub

about 9 hours ago

XRP's Recent Performance & Consolidation

Caleb Franzen of Cubic Analytics notes XRP has struggled to maintain momentum after peaking in July 2025, dropping to $2.88 amidst increased fear and negative sentiment. Despite recent recoveries in Bitcoin and BNB, XRP remains under pressure and is currently consolidating near the $3 region. Franzen describes XRP’s current movement as a “coiling phase,” suggesting a potential breakout after a period of tight price action. The asset experienced incremental gains from December 2024 to July 2025, showing a constructive longer-term structure.

Fibonacci-Based Price Projections

Franzen's Fibonacci analysis provides several potential XRP price targets if an uptrend resumes. These targets range from $4.40 to $6 based on shorter-term extensions, and even higher to $5.40 and $11.55 using broader consolidation ranges. He emphasizes that these projections are contingent on XRP maintaining support above $2.68. A drop below this level would invalidate the bullish setup.

Diverging Analyst Views & Support Levels

Other analysts offer mixed short-term perspectives, attributing recent selling pressure to the strengthening U.S. Dollar Index. XRP is currently positioned within a support range between $2.8 and $2.9. A confirmed breakout above $3 could trigger a push toward $4, while a retest of the 20-day EMA at around $2.94 is also possible.