Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
Analysts say XRP could target $18 if $0.65 to $0.70 support holds

Analysts say XRP could target $18 if $0.65 to $0.70 support holds

CointurkCointurk2026/06/30 18:42
By:Cointurk

Despite XRP’s ongoing weakness, some analysts believe that the possibility of a long-term rally remains on the table. With months of sideways movement in the market leading to a loss of confidence, their assessments suggest that holding on to key support levels could turn the outlook around for the popular cryptocurrency.

Critical support range for XRP

Crypto analyst Crypto Tolga argues that rising pessimism around XRP could be setting the stage for a powerful breakout in the long run. According to Tolga, this cycle is unfolding differently from previous ones, with the $0.65 to $0.70 band standing out as the most critical support zone for XRP.

If XRP manages to maintain the $0.65 to $0.70 range as the cycle’s main bottom, Crypto Tolga foresees the potential for one of XRP’s strongest rallies to date.

According to the analyst, as long as this region remains intact, the long-term target of $18 may come back into focus. When compared to XRP’s current price of around $1.06, the $18 mark would represent a surge of approximately 1,600%.

While this projection appears highly ambitious, it is supported by expectations of improved market conditions, growing institutional adoption, and expansion within the XRP Ledger ecosystem. Widely associated with Ripple, the XRP Ledger is an open-source blockchain infrastructure used for payments and asset transfers.

Previous price cycles and market structure

Analysts’ cautiously optimistic views are also reinforced by XRP’s historical price behavior. In the past, the asset has demonstrated sharp upward moves following extended periods of consolidation. This has led some investors to anticipate that a similar break could occur once again.

Mini glossary: Open interest refers to the total amount of outstanding positions in futures contracts that have not yet been settled. On-chain activity describes transfer, wallet interactions, and network usage data directly on the blockchain.

Recent market data also supports this cautious optimism. A noticeable drop in open interest in futures trading suggests that leveraged traders have been exiting the market. Despite this, XRP has managed to remain above the psychologically important $1.00 mark.

$1.10 as a decisive short-term threshold

Meanwhile, a rise in on-chain activity suggests demand is being driven largely by spot buying. Many analysts view this dominance of direct purchases over speculative leverage as a sign of a healthier, more sustainable market structure.

XRP must first overcome the $1.10 resistance for optimism to take hold in the market; a convincing break above this level could help kickstart a fresh upward move.

In the near term, $1.10 is being watched as the most critical technical threshold. Unless this barrier is breached, XRP is likely to continue trading within a defined range as buyers look to build momentum for another attempt higher. Conversely, if the $0.65 to $0.70 support zone remains intact and the overall cryptocurrency market turns bullish, analysts expect that XRP could gain much broader room to move over the long run.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

CoreWeave's surge gives AI cloud a breather, now all eyes are on the Anthropic IPO and Nvidia

CoreWeave’s Q3 revenue and guidance both exceeded expectations, with its stock price surging 25% in a single day and the new cloud sector soaring over 12%. Reports of Anthropic’s potential $1.5 trillion IPO valuation, OpenAI’s quarterly revenue surpassing $10 billion for the first time, and these three positive catalysts together have boosted confidence in the AI computing power industry chain, which was previously troubled by doubts about AI returns. Next week’s Nvidia earnings report and Anthropic’s IPO will be the true test of whether this rally can continue.

华尔街见闻•2026/11/12 00:53
CoreWeave's surge gives AI cloud a breather, now all eyes are on the Anthropic IPO and Nvidia

AI Computing Power and Semiconductors Stage a Strong Rebound—Why Is Wall Street Cautious About U.S. Stocks? Key Indicators Reveal the Bottom Hasn't Been Reached

The sharp volatility in the US stock market has prompted investors to carefully analyze various data to determine whether the sell-off has ended. Early indicators suggest that it may be too soon to declare that the market has resumed its normal upward trajectory.

智通财经•2026/11/12 00:47
AI Computing Power and Semiconductors Stage a Strong Rebound—Why Is Wall Street Cautious About U.S. Stocks? Key Indicators Reveal the Bottom Hasn't Been Reached

Nvidia (NVDA.US) Governance Crisis Escalates: Jensen Huang Exposed for Another Affair, Board Considers Dismissal, and Wall Street Begins Pricing in a “No Jensen” Scenario

The world's most valuable semiconductor company is experiencing the most severe corporate governance crisis since its establishment.

智通财经•2026/11/12 00:32