The post Analyst Reveals How High XRP Price Can Go This Bull Cycle appeared first on Coinpedia Fintech News
XRP is trading in a tight consolidation phase, forming what analysts call a coiling pattern. This pattern often comes before a strong breakout. Caleb Franzen, founder of Cubic Analytics, said on Thinking Crypto podcast that XRP has been producing higher highs over recent months, but the price has since narrowed, allowing the market to reset for a possible next leg upward.
Franzen’s technical analysis points to key Fibonacci extension levels. His near-term targets are around $4.40 and $6.00, while the broader structure from the first quarter highs and lows suggests potential levels near $5.40 and $11.55.
Support and Resistance Levels
- Critical Support: $2.68
- Immediate Targets: $4.40 and $6.00
- Long-Term Range: $5.40 to $11.55
As long as XRP stays above $2.68, the bullish structure remains intact. A fall below that level would signal weakness and could mean trimming positions or adjusting exposure. Holding above support keeps the path open for higher targets.
Technical Structure and Market Discipline
Franzen bases his analysis purely on price movement. He believes that market structure provides the most reliable signal for both risk management and opportunity. The economy remains strong and flexible, even if not perfect.
Growth in key areas continues to support the rise in risk assets. Real GDP grew 3.8% in Q2 and is expected to reach 3.9% in Q3. Unemployment among people aged 25 to 54 is at 3.8%, near record lows, and labor force participation is improving.
Industrial production and retail sales are both increasing, while wages are rising about 4.1% year over year. These trends create a healthy environment for asset prices to keep climbing. He added that even the government shutdown hasn’t hurt markets — if anything, it may have helped.
Conclusion
XRP continues to hold within its mid-range structure. If the token maintains support above $2.68, it could advance toward $4.40 and $6.00 in the coming weeks. A sustained breakout beyond these levels would open the door for a move toward $11.55, marking a new high in the next bullish phase.
