XRP Countdown Begins—Analyst Predicts Explosive Run To $11

In his June 14 video analysis, the market commentator CryptoInsightUK argued that XRP is on the verge of a “parabolic expansion” reminiscent of its performance in late 2017, contending that a price of $11 per token is attainable this cycle once Bitcoin finishes its latest impulse leg. The analyst built his case on a blend of historical fractals, liquidity-mapping, and derivatives-market data, concluding that “people are under-estimating where XRP is going to go this cycle.”Is $11 XRP Inevitable?CryptoInsightUK opened the session by noting that Bitcoin had just logged the highest weekly close in its history and that the total crypto-asset market capitalisation had set a record: “We got the highest ever close for total market cap as well now, and I’m looking to see this expansionary period.”With Bitcoin pushing into a “deep area of liquidity” on the daily chart but not yet reaching the next concentration of sell-side orders, he believes the set-up mirrors the early-November 2024 breakout that preceded a six-day, 31 percent surge. “Bitcoin’s done most of its move in the six days following the breakout,” he recalled, overlaying that sequence on today’s structure to infer that a similar window could open imminently.For XRP, the key inflection lies a few cents above the psychological $3 mark. On the 15-minute chart, he observed that “XRP is starting to build some strong liquidity above us… up to about 3.10,” describing that overhead cluster as potential fuel for a decisive push. Although the token briefly touched $3.03 in intraday trading, repeated attempts have stalled just below resistance.The analyst juxtaposed this behaviour with the way XRP lagged Bitcoin during the 2024 breakout: the coin “stalls out a little bit” while Bitcoin rips, then “really catches up,” moving from roughly $0.70 to $2.70 in nineteen days, before extending to $3.30. Translating that fractal forward, he warned: “It’s not going to be exactly the same, but if it’s six to ten days [for Bitcoin]… what happens next? Altcoins take over.”He bolstered the thesis with derivatives metrics. During the last XRP rally, a flip from negative to positive contract premium coincided with a sharp rise in open interest. That pattern is repeating: “Premium actually went green… on an increase in open interest and that is happening again now.”Funding rates remain subdued, implying that shorts still constitute a meaningful share of outstanding positions; as price pressure builds, those shorts could be “squeezed to the downside,” providing what he called “really aggressive price action to the upside… pretty soon probably for XRP.” In his base case, an explosive move would coincide with Bitcoin reaching roughly $125,000, at which point capital rotation would funnel into XRP and other large-capitalisation altcoins.On higher-time-frame charts, the weekly close in the XRP/BTC pair reclaimed levels not seen since early March and printed what the analyst dubbed a “lovely green weekly candle,” propelling the pair through the resistance band tracked by trader CredibleCrypto’s so-called “Gandalf line.” XRP dominance, he argued, has completed a Wyckoff-style accumulation: the “sign of strength” and “last point of support” suggest a new up-leg is underway. Technical momentum is corroborated by a bullish cross forming in the XRP/ETH ratio on the weekly relative-strength index.The analyst conceded that timing remains uncertain and that elevated contract premiums can foreshadow long-side liquidation cascades, yet he maintained that the interplay between resurgent spot buying, rising open interest, and building liquidity clouds above $3 creates a self-reinforcing backdrop for a squeeze higher. “That is what I expect will come at some point,” he said, framing a breach of the all-time high as a trigger for acceleration toward his $11 objective.At press time, XRP traded at $2.8671.Weiter zum vollständigen Artikel bei NewsBTC Weiter zum vollständigen Artikel bei NewsBTC