XRP has jumped roughly 25% off its recent lows (at one point), and Cryptoinsightuk co-founder Will Taylor says the move has reopened the debate over whether XRP is starting a larger impulse that could ultimately point toward the $8\u2013$12 zone or whether it\u2019s a short-term squeeze that needs to cool first.<\/p>\n
Taylor said he\u2019s \u201cup in the air\u201d on the immediate next step, even as he remains long. His hesitation is rooted in a simple conflict: the lower timeframes look stretched, but XRP has a track record of accelerating after momentum spikes rather than immediately mean-reverting.<\/p>\n
On the hourly, Taylor noted XRP\u2019s RSI has repeatedly<\/a> hit overbought territory and \u201cwe\u2019ve crossed bearish on the hour,\u201d a short-term warning that often precedes pullbacks or sideways digestion.<\/p>\n On the four-hour, he described RSI as \u201cabout as high as I\u2019ve pretty much ever seen it,\u201d and tried to contextualize what happened the last few times XRP got similarly overheated. In one prior episode, he said XRP pulled back briefly, then continued higher by \u201ca further like 36%.\u201d In another, he described a rally sequence where price consolidated and then ran again, adding \u201canother 129%\u201d into the next leg.<\/p>\n That\u2019s the core of his dilemma: overbought conditions can be a sell signal in many markets, but Taylor argues XRP\u2019s strongest phases often begin with RSI entering overbought, not ending there. \u201cWhen XRP\u2019s daily RSI gets overbought, XRP rips in price a lot of the time,\u201d he said, pushing back on the reflex to fade strength.<\/p>\n On the daily chart, he highlighted what he sees as a constructive technical shift. XRP has closed above a short-term range that previously capped price for multiple days, and printed its \u201chighest daily close in XRP since the 13th of November.\u201d Taylor emphasized how quickly XRP cleared that ceiling this time: after multiple failed attempts in the prior weeks, \u201cwe break straight through.\u201d<\/p>\n From there, Taylor laid out the upside logic using historical RSI analogs. He said three previous daily overbought signals during the current cycle coincided with major extensions, citing moves of roughly 414% in one instance and 36% and 49% in others. He framed this as pattern recognition rather than prediction: \u201cthis is complete fact,\u201d he said, referring to the historical relationship between daily RSI overbought and subsequent upside but he still translated those rough percentages into possible zones.<\/p>\n A smaller continuation on the order of ~39% would, in his words, take XRP to around $3.13. A larger extension could revisit all-time highs near $3.66. The most aggressive interpretation, aligned with his broader wave thesis, would move XRP \u201cup towards our goals of like $8 to $12 for this wave<\/a>.\u201d<\/p>\n Structurally, Taylor said the market is at a point where multiple Elliott Wave counts<\/a> can be argued. He sketched competing interpretations: XRP may be working through an ABC-type move off the lows, may be approaching a fifth wave higher, or could still be in an extended third wave within a larger five-wave advance. \u201cMy honest answer is right now I don\u2019t know,\u201d he said.<\/p>\n Even without committing to a wave count, Taylor said the \u201cimpulsive\u201d character of the rally stands out. He pointed to \u201cthe length of these candles supported by volume\u201d across exchanges, arguing the move looks different from earlier, more corrective price action. For him, the practical test is near-term continuation: he wants to see \u201csome more really aggressive candles\u201d over the next day or two to support the idea that XRP is leading a broader leg rather than squeezing and stalling.<\/p>\n Liquidity is the other piece he\u2019s watching. Taylor said XRP has \u201con the hourly taken most of our upside liquidity,\u201d while flagging downside liquidity zones around $1.70 down to $1.66. He said in established trends he would \u201cexpect a continuation to the upside,\u201d but those downside pools, combined with stretched RSI and nearby resistance on XRP\u2019s relative pairs, keep him from treating the current level as a clean new entry.<\/p>\n Taylor said these mixed signals are why he has considered reducing leverage on his XRP long, noting he is \u201c90% spot.\u201d His bottom line was simple: XRP has delivered \u201ca fantastic aggressive move,\u201d but the next few sessions matter.<\/p>\n 29 minutes of $XRP<\/a> TA. pic.twitter.com\/aJ4yiC7Sdr<\/a><\/p>\nXRP Price Targets<\/h2>\n