XRP is showing a strong market structure with a confirmed breakout from long-term resistance. Analysts suggest that the asset could approach $10 in the upcoming cycle.
Breakout From Long-Term Structure
The XRP/USDT chart shows a decisive breakout from a descending trendline that limited price movements since mid-2021. This breakout is confirmed with momentum candles, signaling the end of a multi-year consolidation phase. Such moves on higher timeframes are often seen as precursors to extended bullish cycles.
Crypto Patel noted on social media that XRP is only 200% away from its $10 target, with strong community support driving optimism. The shift in structure provides market participants with renewed confidence in XRP’s ability to reach higher valuations.
Support and Resistance Levels
Current technical levels play a central role in shaping XRP’s price path. Strong historical support remains at $0.80, while recent activity has established a fresh base at $2. This support level now serves as the key line to defend in the short term.
Resistance at $2.90 is identified as the next major barrier. A confirmed close above this level could provide XRP with the momentum required to enter a new price discovery zone. Market behavior at this level will be closely monitored by traders.
Path Toward the $10 Target
The chart projection suggests XRP could advance toward $10, a level representing nearly a 200% upside from current positions. Technical analysis supports this projection, with the measured move aligning with the psychological milestone.
Consolidation between $2 and $2.90 remains a critical phase for XRP. Sustained price stability within this range would build the foundation for a stronger advance. Breaching $3 would also trigger heightened market participation through increased demand.
With community backing and institutional interest, XRP could be on the verge of a significant breakout, with $10 as a reachable target in the current cycle.
