As XRP enters a zone where key technical signals overlap, an analysis said it could open up to the $27 range over the medium to long term. The scenario would require XRP to break above $1.66, the upper boundary of its current falling wedge, and then reclaim $2.

On June 11 local time, blockchain outlet The Crypto Basic reported that XRP faced strong selling pressure this month and at one point slid to around $1.05, its low for the year. It later rebounded to around $1.14 as buying interest came in, but it was still down 16 percent from early in the month.

With market weakness continuing, crypto analyst Egrag Crypto said multiple technical indicators are pointing to the same zone.

He cited Fibonacci circles, Fibonacci channels, Fibonacci extensions and a falling wedge pattern. Egrag Crypto assessed that any single indicator has limited predictive power, but when several signals overlap in the same area, the likelihood of sustained price movement rises. He pointed to the current chart setup as most important because XRP is inside a falling wedge while also entering a key Fibonacci time window.

The falling wedge began forming after XRP fell from its all-time high of $3.60 in July 2025. The pattern developed as both highs and lows kept declining, and late in 2025 there were several attempts to break above the upper trendline, but they failed after being blocked by selling.

The key inflection point is $1.66. Egrag Crypto said a break above this level is needed for a stronger upside scenario to open up. He calculated that, based on the current price, it would require about a further 49 percent rise.

He warned that merely touching the upper trendline would not be enough. He said XRP must decisively break above the top of the wedge and then reclaim $2, a broader resistance level. He argued that confirmation of a return to $2 would strengthen the case for a bigger rally.

If those conditions are met, the next target zone would be based on Fibonacci extension ratios. The first major target is $8.48, corresponding to the 1.272 extension. Above that, $13.70, the 1.414 extension, is also cited. Egrag Crypto presented $18.06 as an intermediate target and mentioned $27.68, aligned with the 1.618 extension, as a long-term target.

The outlook is not only to the upside. Egrag Crypto said investors should not become overly optimistic without confirmation signals. If a wedge breakout fails, XRP could be pushed down to lower support zones, in which case it could retest $1.21 and then open to $0.90 and $0.60, he said.

Another analysis also cited a short-term rebound signal. Analyst Ali Martinez (알리 마르티네즈) said the Tom DeMark Sequential indicator generated a buy signal on XRP's three-day chart. He described it as a signal pointing to a possible rebound after the recent weakness.

In contrast, another view said Ethereum is more favorable in the short to medium term. Credible said the XRP-Ethereum trading pair indicates the market prefers Ethereum over XRP until it falls at least about 30 percent further to the middle of the current range. He also mentioned the pair may already have formed a macro bottom within the current range. In his view, XRP would be able to show strength versus Ethereum again only after an additional drop of more than 30 percent that forms a higher low.

As a result, views on XRP are being presented as a mix of a potential short-term rebound and a medium- to long-term high scenario. For now, breaking above $1.66 and reclaiming $2 are being cited as the conditions that must be confirmed first.

#XRP - Macro Confluence Is Building : This chart is not about one single tool. It is about confluence. We have multiple TA frameworks pointing toward the same macro decision zone: ▫️Fib Circles = timing + price rhythm ▫️Fib Channels = expansion path ▫️Fib Extensions = target… pic.twitter.com/DhfwuMzgHZ