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XRP has jumped roughly 25% off its recent lows (at one point), and 
Cryptoinsightuk co-founder Will Taylor says the move has reopened the debate 
over whether XRP is starting a larger impulse that could ultimately point 
toward the $8–$12 zone or whether it’s a short-term squeeze that needs to cool 
first. Taylor said he’s “up in the air” on the immediate next step, even as he 
remains long. His hesitation is rooted in a simple conflict: the lower 
timeframes look stretched, but XRP has a track record of accelerating after 
momentum spikes rather than immediately mean-reverting. What The XRP Charts 
Tell Us On the hourly, Taylor noted XRP’s RSI has repeatedly hit overbought 
territory and “we’ve crossed bearish on the hour,” a short-term warning that 
often precedes pullbacks or sideways digestion. On the four-hour, he described 
RSI as “about as high as I’ve pretty much ever seen it,” and tried to 
contextualize what happened the last few times XRP got similarly overheated. 
In one prior episode, he said XRP pulled back briefly, then continued higher 
by “a further like 36%.” In another, he described a rally sequence where price 
consolidated and then ran again, adding “another 129%” into the next leg. 
Related Reading: Same XRP Setup That Led To Over 1,000% Increase In 2017 Is 
Playing Out Again That’s the core of his dilemma: overbought conditions can be 
a sell signal in many markets, but Taylor argues XRP’s strongest phases often 
begin with RSI entering overbought, not ending there. “When XRP’s daily RSI 
gets overbought, XRP rips in price a lot of the time,” he said, pushing back 
on the reflex to fade strength. On the daily chart, he highlighted what he 
sees as a constructive technical shift. XRP has closed above a short-term 
range that previously capped price for multiple days, and printed its “highest 
daily close in XRP since the 13th of November.” Taylor emphasized how quickly 
XRP cleared that ceiling this time: after multiple failed attempts in the 
prior weeks, “we break straight through.” XRP Price Targets From there, Taylor 
laid out the upside logic using historical RSI analogs. He said three previous 
daily overbought signals during the current cycle coincided with major 
extensions, citing moves of roughly 414% in one instance and 36% and 49% in 
others. He framed this as pattern recognition rather than prediction: “this is 
complete fact,” he said, referring to the historical relationship between 
daily RSI overbought and subsequent upside but he still translated those rough 
percentages into possible zones. A smaller continuation on the order of ~39% 
would, in his words, take XRP to around $3.13. A larger extension could 
revisit all-time highs near $3.66. The most aggressive interpretation, aligned 
with his broader wave thesis, would move XRP “up towards our goals of like $8 
to $12 for this wave.” Related Reading: Only 1 Week Left As XRP RSI Breakout 
Sets Up $10 Path, Analyst Predicts Structurally, Taylor said the market is at 
a point where multiple Elliott Wave counts can be argued. He sketched 
competing interpretations: XRP may be working through an ABC-type move off the 
lows, may be approaching a fifth wave higher, or could still be in an extended 
third wave within a larger five-wave advance. “My honest answer is right now I 
don’t know,” he said. Even without committing to a wave count, Taylor said the 
“impulsive” character of the rally stands out. He pointed to “the length of 
these candles supported by volume” across exchanges, arguing the move looks 
different from earlier, more corrective price action. For him, the practical 
test is near-term continuation: he wants to see “some more really aggressive 
candles” over the next day or two to support the idea that XRP is leading a 
broader leg rather than squeezing and stalling. Liquidity is the other piece 
he’s watching. Taylor said XRP has “on the hourly taken most of our upside 
liquidity,” while flagging downside liquidity zones around $1.70 down to 
$1.66. He said in established trends he would “expect a continuation to the 
upside,” but those downside pools, combined with stretched RSI and nearby 
resistance on XRP’s relative pairs, keep him from treating the current level 
as a clean new entry. Taylor said these mixed signals are why he has 
considered reducing leverage on his XRP long, noting he is “90% spot.” His 
bottom line was simple: XRP has delivered “a fantastic aggressive move,” but 
the next few sessions matter. 29 minutes of $XRP TA. 
pic.twitter.com/aJ4yiC7Sdr — Cryptoinsightuk (@Cryptoinsightuk) January 6, 
2026 If XRP keeps printing strong daily candles and the relative pairs start 
closing above resistance, his $8–$12 zone framing remains a live bull-case 
roadmap. If not, the same overbought signals and nearby liquidity pockets 
increase the odds that XRP first resets through consolidation or a retracement 
before any larger leg can develop. At press time, XRP traded at $2.25. 
Featured image created with DALL.E, chart from TradingView.com

Cryptocurrency price in CLP