XRP has surged about 25% from its recent lows, reigniting debate over whether this marks the start of a larger upward move toward $8–$12 or is just a short-term squeeze that needs to cool off first. Cryptoinsightuk co-founder Will Taylor says he’s uncertain about the immediate next step, even while maintaining a long position. His hesitation comes from a conflict: shorter timeframes look overextended, but XRP has a history of accelerating after momentum spikes rather than quickly pulling back.
On the hourly chart, Taylor notes that XRP’s RSI has repeatedly entered overbought territory and has turned bearish—often a short-term warning of a pullback or consolidation. On the four-hour chart, he describes the RSI as exceptionally high and recalls past instances when XRP became similarly overheated. In one case, the price briefly dipped before rallying another 36%. In another, it consolidated and then surged an additional 129%.
This highlights his dilemma: while overbought conditions often signal a sell-off in many markets, Taylor points out that XRP’s strongest rallies frequently begin when the daily RSI becomes overbought, not end there. “When XRP’s daily RSI gets overbought, XRP rips in price a lot of the time,” he says, cautioning against automatically betting against the strength.
On the daily chart, Taylor highlights a positive technical shift: XRP has closed above a short-term range that had capped its price for several days, marking its highest daily close since November 13th. He emphasizes how quickly XRP broke through this ceiling after multiple failed attempts in prior weeks.
Looking ahead, Taylor outlines potential upside based on historical RSI patterns. He notes that three previous daily overbought signals in the current cycle were followed by significant rallies—roughly 414%, 36%, and 49%. While he presents this as factual observation rather than a prediction, he translates these percentages into possible price zones. A modest continuation of around 39% could lift XRP to about $3.13, while a larger move might retest all-time highs near $3.66. A more aggressive scenario, aligned with his broader wave analysis, points toward the $8–$12 range.
Structurally, Taylor acknowledges that multiple Elliott Wave interpretations are possible at this stage. XRP could be completing an ABC correction, approaching a fifth wave higher, or still be in an extended third wave within a larger advance. “My honest answer is right now I don’t know,” he admits.
Even without committing to a specific wave count, Taylor points to the “impulsive” nature of the rally, highlighted by large candles supported by volume across exchanges. For him, the key test is whether XRP can maintain momentum over the next day or two with more aggressive candles, suggesting a sustained move rather than a temporary squeeze.
Liquidity is another factor he’s monitoring. Taylor notes that XRP has absorbed much of the upside liquidity on the hourly chart, while identifying potential downside liquidity zones around $1.70 to $1.66. In established trends, he would typically watch for price to tap into these areas before continuing higher.While anticipating further gains, the analyst notes that potential downside risks, along with an overbought RSI and nearby resistance on XRP’s relative pairs, prevent him from viewing the current price as a clear new entry point. Due to these conflicting signals, he has considered reducing leverage on his XRP long position, emphasizing that his holdings are primarily spot (90%). His conclusion is straightforward: XRP has made an impressive, aggressive move, but the coming sessions are crucial.
If XRP continues to produce strong daily gains and its relative pairs break above resistance, his bullish outlook targeting $8–$12 remains valid. Otherwise, the current overbought conditions and nearby liquidity pools raise the likelihood that XRP will consolidate or pull back before any sustained upward trend can resume.
At the time of reporting, XRP was trading at $2.25.
Frequently Asked Questions
FAQs XRPs Recent Rally Analyst Price Predictions
Beginner Questions
1 What is XRP
XRP is a digital asset and cryptocurrency created by Ripple Labs Its designed to facilitate fast lowcost international money transfers and settlements between financial institutions
2 What does recent rally mean
A rally refers to a period where the price of XRP has increased significantly over a short time often driven by increased buying interest and positive market sentiment
3 Who is Will Taylor and why is his prediction important
Will Taylor is a market analyst who provides price forecasts for cryptocurrencies While his prediction of 812 is notable its important to remember that analyst predictions are opinions not guarantees and the market is highly volatile
4 What would cause XRP to reach 8 or 12
Such a high price would likely require a combination of major factors widespread adoption by banks and payment providers a clear and favorable global regulatory environment a massive overall crypto market boom and a significant reduction in available XRP supply
Intermediate Advanced Questions
5 How does the ongoing SEC lawsuit against Ripple affect this prediction
The lawsuit is the single biggest factor A final decisive legal victory for Ripple that clearly defines XRP as not a security could remove a major overhang and potentially trigger a huge price surge Uncertainty or negative rulings could severely limit any rally
6 What is the escrow and how does it impact price
Ripple holds billions of XRP in a cryptographicallysecured escrow It releases up to 1 billion XRP each month to fund operations and sales This controlled release is meant to provide supply predictability but large sales can sometimes put downward pressure on the price
7 Is this prediction realistic based on XRPs market cap
Its extremely ambitious Reaching 8 would give XRP a market capitalization of over 400 billionlarger than many of the worlds biggest companies today While not impossible in a crypto bull market it would require unprecedented levels of investment and adoption
8 What are the main use cases driving XRPs value
Its primary use case is as a bridge currency in RippleNets OnDemand Liqu