XRP's Retreat Nearly Complete, Next Stop: $8 to $12, According to Analyst

According to the famous trader and YouTuber CryptoInsightUK, the strong retreat of the crypto market may be coming to an end. He told his followers on June 23 that XRP is "really getting very close" to the final stage of the correction structure that began in early April. The Last Trap or the Last Opportunity for XRP? In his latest video analysis, the analyst has outlined a scenario in which Bitcoin drops to the liquidity level of $92,000–$95,000 to "clear out the last remaining bid prices," dragging down major altcoins. "We have a little more downside that we talked about and are looking for," he said, noting that Bitcoin has dropped to $98,200 but has yet to form a higher-low/lower-low or higher-high/higher-high chain or a bullish RSI divergence formed the bottom in April. "I think we're close to the bottom. I don't think we're there yet." XRP, he argues, is following a similar pattern on a different scale. The 4-hour chart shows a clear liquidity shelf at $1.89 and a deeper block extending to $1.73. He notes, "In a world where Bitcoin reaches eighty, we can go and get it, can't we? Yes. ... It could be $1.85, possibly on a shelf." Although he acknowledges a risk of decline down to $1.60–1.55, that move is "not my base case." According to CryptoInsightUK, what makes this area attractive is the concentration of immediate demand on each consecutive decline. He emphasized the 'big red candle' of the selling volume marking last week's sweeping and the immediate spike in spot prices, calling it evidence of 'real accumulation rather than derivatives games.' Leverage ratios across major venues have shifted modestly positive, confirming that 'people are buying in,' a motive that could create further liquidity gaps as latecomers with excessive leverage are forced to exit. Launchpad for XRP Valued at 11 USD? Technically, traders are following the price divergence according to the textbook: prices making slightly lower lows while the 4-hour RSI makes higher highs, reflecting the setup before the 140% price surge in April. The fixed volume profile on Bitcoin—where the control point lies near $97,000—brings confluence, indicating the broader market is trying to rely on a key support level before transitioning to altcoins. If that model remains intact, CryptoInsightUK believes that XRP is in a position for a strong 'expansion' phase that will take this token to the commonly cited target of $8 and then, in an excessive expansion, to 'actually 11 to 12 dollars'. From an ideal entry level of $1.85, the forecast implies an increase of about 475%. 'I took a risk,' he said. 'Everyone is thinking about eight. I think we've expanded a bit too much'. This analyst's belief partly relies on his view of Bitcoin's dominance, currently hovering in what he calls the 'inverted box.' He argues that a final surge to higher levels could ignite the long-awaited altcoin season, with XRP - as a large-cap, high-beta coin - attracting disproportionate flows as Bitcoin's volatility subsides.