XRP Bulls Eye $11 Long-Term Target

XRP has been pulling back since September 23 after a strong rally from its August low near $0.985 and a bounce from a low on September 14 to 15.

According to an analyst, both recent pullbacks were slow and choppy, while the rallies before them were fast and strong, indicating that the larger trend still points up.

The latest drop made a fresh low on Friday, completing a textbook correction pattern, but there is no confirmed reversal yet, the analyst said.

XRP must break two nearby price levels to clear the way for an upside breakout: $1.56 and $1.66.

If XRP clears $1.66, the next level to watch is $2.14 to $2.99, but this is not a guaranteed target zone unless the September low holds.