XRP is trading near $1.06 on the weekly Coinbase chart, according to technical analysis shared by Celal Kucuker, a cryptocurrency analyst recognized for his insights on digital asset trends.
Major support area and bullish setup
Kucuker’s analysis indicates XRP is positioned near a key support zone around $1, following a long-term decline from its 2025 high. He identified this level as crucial for the next trend phase, suggesting that the cryptocurrency could be ready for a turnaround if the support holds.
On his chart, XRP currently trades close to the 0.382 Fibonacci retracement level at $1.0542. This level has become a focal point for traders watching to see whether buyers will step in and reverse the asset’s multi-month downtrend.
Kucuker argued that Ripple, the company behind XRP, could spearhead the next bull run: “The XRP chart couldn’t be clearer. Ripple could lead this bull market. $10+ XRP is a very realistic target.”
Historical context and trendline analysis
The chart also points to XRP’s prior significant rally, which saw prices surge to an all-time high of $3.65. This earlier move represented a gain exceeding 500% from the marked base, serving as a benchmark for potential future price action.
Since that peak, XRP has established a series of lower highs and lows, but is now approaching a technical area that previously marked the beginning of its major rally. A downward trendline draws the boundary of the decline, and XRP now finds itself near the chart’s lower boundary. Kucuker further highlights that XRP had formed a higher low during its earlier accumulation phase, increasing the technical weight of the current level.
Mini dictionary: Fibonacci retracement, a technical analysis tool that uses horizontal lines to indicate areas of potential support or resistance at levels derived from the Fibonacci sequence, such as 0.382, 0.618, and 1.618. Traders use these to predict asset price movements and reversal points.
Fibonacci extension targets
Kucuker utilizes Fibonacci extensions to project upside price targets for XRP. The chart sets the 1.272 level at $5.98, the 1.414 at $7.88, and the 1.618 at $11.74. He brings special attention to the $7.87 and $11.65 zones, noting them as significant resistance points if XRP’s recovery gains momentum.
His analysis suggests that a move through the current resistance could mirror XRP’s previous performance, targeting gains of around 517% from present levels.
| Fibonacci Extension | Price Target |
|---|---|
| 1.272 | $5.98 |
| 1.414 | $7.88 |
| 1.618 | $11.74 |
Double-digit XRP target in focus
Highlighting the alignment between historical moves and current market structure, Kucuker affirms that reaching double-digit territory is plausible if market conditions remain favorable.
For XRP, the immediate focus is on whether it can maintain its position above the identified support. A decisive upward move across the descending trendline would reinforce the bullish case built on the chart.
Should this momentum hold, the Fibonacci extension levels at $5.98, $7.88, and $11.74 stand out as the next major resistance zones for traders to watch.
Kucuker’s technical setup relies on XRP holding above its key support area. If so, he suggests the coin could reach $10 and beyond within the next phase of the bull cycle.
Ripple, the company behind XRP, provides enterprise blockchain solutions focused on global payments. Its network aims to offer fast, low-cost international transactions for financial institutions and remittance providers.
