Analyst Says A Doubling Is on the Horizon for XRP. Here’s the Signal

Crypto analyst RWA_Investor recently shared a bullish outlook for XRP, stating that the asset could be set for a significant upward move if it successfully breaks through a major resistance zone.

The analyst stated in a recent tweet that “once the 1.50–1.60 neckline resistance is broken, a doubling is on the horizon.” He added that a “massive short squeeze across the board” could soon occur, further accelerating price momentum if XRP moves above the highlighted resistance area.

The post was accompanied by a technical chart outlining a falling wedge formation, a pattern many traders consider a potential bullish reversal when confirmed by a breakout. According to RWA_Investor, the pattern continues to develop as expected, with price action respecting important technical levels.

Focus on the 61.8% Fibonacci Reversal Level

A central part of the analyst’s thesis is XRP’s interaction with the 61.8% Fibonacci retracement level. In the chart, the area around $1.28 is marked as the 61.8% retracement zone, while the broader support region extends toward the 78.6% retracement level near $1.21.

RWA_Investor described the setup as a “61.8% bullish reversal,” suggesting that XRP’s recent reaction from this region strengthens the bullish case. The chart illustrates a projected move in which XRP completes its current corrective structure before advancing toward the neckline resistance between $1.50 and $1.60.

The analyst’s projection then anticipates a breakout above that zone, potentially opening the door to significantly higher price targets. Several levels are marked on the chart, including $1.91, $2.40, $2.69, $2.89, and approximately $3.13, indicating potential areas of interest if bullish momentum continues.

Short Squeeze Narrative Gains Attention

Beyond the chart pattern itself, RWA_Investor emphasized the possibility of a broad short squeeze. Such events occur when traders holding short positions are forced to buy back assets as prices rise, adding further upward pressure to the market.

The analyst suggested that a confirmed breakout above the neckline could trigger this type of market reaction. In that scenario, increasing buying activity from both new entrants and short sellers covering positions could contribute to stronger price acceleration.

Market participants responding to the post largely focused on the importance of the resistance area. Trader Larktrades noted that XRP’s falling wedge appears to be respecting the 61.8% Fibonacci reversal level and described the $1.50 to $1.60 range as the key neckline resistance. According to the trader, a break above that zone combined with a wider short squeeze would represent a strong technical development.

Another market participant, Rise Trade, took a more measured approach, commenting that the price reaction around the current area may ultimately matter more than the level itself. The remark highlights a common view among technical traders that confirmation through actual market behavior remains essential before a bullish breakout can be validated.

For now, RWA_Investor’s analysis centers on one key condition: XRP must decisively clear the $1.50 to $1.60 resistance region. Until that occurs, traders will continue monitoring whether the falling wedge pattern and Fibonacci support structure can provide the foundation for the larger move outlined in the analyst’s chart.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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