$XRP is currently trading at around $1.52. Analyst Moustache has charted a falling broadening wedge on the weekly chart that has been forming for nearly two years, calling it a “textbook” pattern that theoretically points to $10—that would mean roughly 560% upside.
But I think leverage is what really matters, not the chart pattern. $XRP open interest on Binance has climbed back to $516.6 million, above the 2026 low of $350–400 million but still well below the $1.3 billion level from October 2025. The price has rebounded faster than open interest, suggesting spot buying is driving this move and leveraged money hasn’t returned—which is usually a sign that the trend is less overheated.
Another set of data points to caution: whale wallets’ combined holdings have stayed largely steady at around 3.9 billion tokens over the past week, while the RSI remains below 50.
I’m inclined to think $10 is a target for the next cycle, not something that’s happening this week. Which do you think is more likely to happen first: a move above $1.62 or a drop below $1.50?
But I think leverage is what really matters, not the chart pattern. $XRP open interest on Binance has climbed back to $516.6 million, above the 2026 low of $350–400 million but still well below the $1.3 billion level from October 2025. The price has rebounded faster than open interest, suggesting spot buying is driving this move and leveraged money hasn’t returned—which is usually a sign that the trend is less overheated.
Another set of data points to caution: whale wallets’ combined holdings have stayed largely steady at around 3.9 billion tokens over the past week, while the RSI remains below 50.
I’m inclined to think $10 is a target for the next cycle, not something that’s happening this week. Which do you think is more likely to happen first: a move above $1.62 or a drop below $1.50?