Is XRP Really Going to $11? You Won’t Believe What Experts Are Saying! 😲

by

Ah, dear reader, after what seems like an eternity of indecision, the cryptocurrency world has finally decided to shake off its slumber. The whispers of a potential ascent for XRP, that elusive digital currency, have begun to echo through the halls of speculation, suggesting it might just reach the lofty heights of $11. One can only imagine the jubilation-or perhaps the incredulity-of those who have clung to their digital dreams.

On the grand tapestry of time, the third-largest cryptocurrency has been weaving a rather intricate triangle pattern since the twilight of last year. Each swing, a delicate dance, has narrowed the range until, in a moment of sheer audacity, July’s breakout propelled the price beyond its previous confines. It soared to a dizzying $3.38, only to retreat to a more modest $3.22, which, if one were to be honest, feels less like a retreat and more like a brief intermission in a long-winded play.

$XRP targets $11 after breaking out of a bullish flag on the weekly chart!

– Ali (@ali_charts) August 10, 2025

The structure, my friends, is as simple as a well-crafted joke: a prolonged phase of compression, a breakout, and now we find ourselves in the early stages of what one might call post-breakout consolidation. How delightful! 🎭

More numbers

Now, let us delve into the realm of numbers, where the Fibonacci map of our last grand rally reveals that the $3.40 area stands as the first formidable obstacle. Here lies the 1.0 extension, a veritable gatekeeper. Should XRP clear this hurdle with the grace of a ballet dancer, we might just find ourselves eyeing $5.75 before even daring to entertain the much-discussed target of $11.20 at the 1.618 extension. Oh, the suspense! 🎢

But, dear reader, let us not forget the lurking specter of risk. The $2.25 zone remains a crucial point of interest, a former resistance now masquerading as support, and the 0.786 Fibonacci retracement level. Should this support falter, it would surely deflate the bullish scenario faster than a balloon at a child’s birthday party, leading us to a retest of $1.63 or, heaven forbid, even $1.29. 🎈

At this very moment, the market holds its breath, watching to see if XRP can maintain its position just above the breakout. If it can muster the strength to push through $3.40 with the vigor of a caffeinated squirrel, the conversation about $11 may shift from the realm of wild predictions to a tantalizing possibility. And who knows? Perhaps we shall all gather to toast to our newfound fortunes. 🥂

Read More

2025-08-10 18:33