XRP price is once again drawing bold long-term predictions after Korean analyst Ninedex revived the possibility of a massive breakout toward $20 if XRP repeats a market structure similar to its explosive 2018 rally.

For now, though, XRP is still battling weak momentum and growing fear across the market.

The token is currently trading around $1.34-$1.35, down nearly 13% from its May high near $1.54. Despite the pullback, Ninedex says XRP is still holding one of its most important long-term support zones inside a multi-year ascending channel that has guided price action since 2013.

Why XRP Still Sees Upside

According to Ninedex, XRP remains above a key support area around $1.30-$1.40, which aligns with the Fibonacci 0.382 retracement level and the lower edge of the channel’s middle range.

The analyst noted that XRP has stayed inside this middle layer since its huge 2017-2018 breakout cycle, when the token briefly surged above $3 before correcting sharply. In his view, staying within this structure is what helped XRP remain one of crypto’s major assets over the years.

His primary upside target remains $5 if XRP reaches the upper boundary of the current channel. However, if XRP breaks into the upper channel again as it did in 2018, he believes a much larger move toward $20 becomes possible.

Technical Signals Flash Mixed Picture

Ninedex also pointed to improving technical indicators. He highlighted that XRP’s weekly stochastic RSI bounced from deeply oversold territory near 15 points to around 20 points, historically an area where reversals often begin.

Meanwhile, XRP’s MACD indicator recently formed a bullish golden cross, suggesting momentum may slowly be shifting back toward buyers.

Still, shorter-term indicators remain weaker. XRP’s RSI currently sits near 41, showing momentum remains below neutral levels, while trading volume has stayed relatively muted during the recent consolidation phase.

Fear Returns to the XRP Market

Data from Santiment showed XRP crowd sentiment has fallen sharply again, with bullish and bearish commentary nearly balanced across social platforms.

The firm described the market as entering a “FUD zone,” though historically these extreme fear conditions have sometimes appeared near short-term stabilization periods.

On the flip side, according to crypto analyst CW, XRP’s Estimated Leverage Ratio has dropped to 0.176, its lowest level since 2025. 

The analyst noted that most high-leverage positions have already been flushed out through liquidations, leaving behind more stable market positioning. CW also pointed out that the leverage ratio has been gradually climbing since bottoming in late March, suggesting XRP may currently be consolidating a longer-term bottom structure.