XRP on the threshold of a huge start about $ 11 .. Are expectations come soon?

It seems that the XRP digital currency is approaching a major turning point in its price path according to a new analysis issued by the famous analyst Cryptoinsightuk, which believes that the currency is preparing for what he described as a “semi -curved expansion” that may raise the price to $ 11 during the current session, and this expectation is based on an accurate technical analysis that includes historical graphs, liquidity data, and indicators of financial derivatives.

Bitcoin penetration leads the market

The analyst started his analysis by indicating that Bitcoin recorded the highest weekly closure in its history, and the total market value of the digital currencies reached its new peak, and this explains, according to his opinion, as a prelude to a close expansion period, and indicates that Bitcoin has not yet reached the following sale orders, which means that there is more rising momentum on the road.

A previous experience from November 2024 shows that Bitcoin jumped 31 % within 6 days after a similar penetration, and if this scenario is repeated, the following is the jump usually is the transfer of momentum to alternative currencies, on top of which is XRP.

XRP accumulate liquidity above the level of $ 3

The analyst believes that XRP has started to form dense liquidity areas above the level of $ 3.10, which may represent a “technical fuel” for a rapid launch when penetrating this area, and indicated that although the currency had previously reached $ 3.03, penetration attempts have failed so far, but it reflects a gradual increase in purchasing pressure.

The analyst connects these moves to the 2024 scenario when the XRP was slightly late in moving compared to Bitcoin, but it was caught at it quickly and climbed from 0.70 to $ 3.30 in less than 3 weeks.

Signs from the derivative market

Among the strong indicators that the analyst supported his analysis was the data market data, as he noticed that the price difference between contracts and the actual currency turned into positive, which means that traders began to pay additional bonuses to enter purchase deals, which usually coincides with an upcoming rise, and that the financing rates are still low, which means that the sales centers have not been closed yet, and may face “closing pressure” that is paid with the price strongly To the top.

XRP control against other currencies

Long -term graphics showed that the XRP/Bitcoin pair has exceeded resistance levels that have not been hacked since last March, and a bullish intersection appeared on the weekly relative power index of the XRP/ethereum husband, which enhances the possibility of continuing upward momentum.

Is $ 11 a realistic goal?

The analyst believes that the decisive turning point will be when XRP exceeds its highest historical level, which may launch an acceleration wave of about $ 11, and it is believed that this will happen in conjunction with Bitcoin’s arrival to approximately $ 125,000 as capital recycling will begin from Bitcoin to alternative currencies, led by XRP.