In the quiet corridors of the market, where whispers of hope and despair intertwine, XRP has lately leapt upwards-about 25%, no less. Imagine that! One moment, groveling at its lows; the next, it dances daringly. Will Taylor, that sagacious observer of market folly, suggests this surge has rekindled the age-old debate: is XRP embarking on a grand expedition toward the $8-$12 territory, or merely playing a brief game of hide and seek with our patience?
He claims to be “up in the air”-a charming expression for being utterly perplexed-while still holding a long position. His hesitation, one might say, springs from the classic conflict: the charts show stretch marks on the shorter timeframes, yet XRP has a notorious penchant for accelerating after momentum spikes rather than quitting suddenly. A true conundrum for the modern trader-more tangled than a parliament of butterflies! 🦋
Chart Tales and Whispers of Future Fortunes
On the hourly chart, XRP’s RSI-an indicator of overbought euphoria-has been repeatedly overexcited, crossing into “bearish” territory. A warning? Perhaps. A sign of impending correction? Certainly. But then Taylor points out-rather fantastically-that XRP’s history shows it often bursts through these overbought zones, not after, but right at the cusp of its greatest leap. Think of it as a corporate executive doing a daring dance before the fall, or perhaps a clown juggling flaming torches-dangerous but delightful.
He notices that on the four-hour graph, XRP’s RSI is “about as high as I’ve pretty much ever seen,” which is quite a boast. Past episodes, he reminds us, saw XRP taking quick dips only to soar higher-sometimes by 36%, sometimes by a staggering 129%! It’s as if XRP is a stubborn mule that refuses to listen to the sobering bells of overbought signals and insists on charging ahead, heedless of conventional wisdom.
“When XRP’s daily RSI gets overbought,” Taylor declares, with the gravity of a Greek tragedian, “XRP often rips in price.” One might wonder if the man is secretly rooting for chaos or simply a connoisseur of market madness. Either way, he’s not one to shy away from pattern recognition, framing these behaviors as if they’re as predictable as a sunrise-though, secretly, he knows better.
Targets: The Promised Land or Just a Mirage?
With the eye of a seasoned hawk, Taylor lays out the possible horizons-ranging from a modest 39% increase to a lofty $3.13, or, dare we dream, nearing the all-time high of approximately $3.66. But the pièce de résistance? The audacious hope of XRP soaring to $8-$12-numbers that would make even the most hardened skeptic choke on their morning tea. ☕️
He sketches multiple Elliott Wave theories-each more complicated than the last-ranging from an ABC correction to a fifth wave climax. The truth? Even he admits, “I don’t know.” That honesty is as refreshing as a cool breeze on a suffocating summer day. His verdict: the rally looks impulsive, not corrective, supported by volume, candles, and sheer audacity-the kind of movement that makes old traders tip their hats or scratch their heads in disbelief.
Liquidity, that elusive fairy, is also in his sights. XRP’s recent moves have gobbled up most of the upside liquidity, leaving downside zones around $1.70 to $1.66. While he expects a push upwards-like a determined mountaineer-the nearby resistance levels suggest caution. A “clean” entry, he implies, remains elusive; it’s more a dance of patience than a quick sprint.
Concluding with a dash of humor, Taylor jests that he’s “90% spot,” meaning he’s mostly holding onto his XRP, wary of the next twist in the tale. His bottom line? XRP has dazzled with a “fantastic aggressive move,” but the real story begins in the coming days. Will the candles glow brightly or fade into shadows? Only time will tell, dear reader, only time.
29 minutes of $XRP TA. 🕒
– Cryptoinsightuk (@Cryptoinsightuk) January 6, 2026
Should the daily candles continue their mighty ascent and the pairs affirm their bullish aspirations, the $8-$12 dream lives on. Otherwise, we might witness XRP resetting via consolidation-like a tired traveler taking a breather-before attempting another daring leap. As of now, XRP sits at $2.25, teetering on the edge of hope and despair. 🌪️
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2026-01-07 13:19