XRP’s price action continues to attract investor attention following signs of a breakout above a multi-year descending trendline.
The token, which traded around $3.00 at press time, recorded a 1.38% decline in the past 24 hours, according to CoinMarketCap. Despite the short-term pullback, technical indicators and liquidity metrics suggest that the market is preparing for its next significant move.
According to prominent XRP community voice “XRP Cro,” XRP is about to explode. He shared this thought in a recent X post, insisting that $10 is not a dream but the new baseline.
“These current prices won’t matter soon,” he added.
XRP to Rally Beyond $10
Meanwhile, an accompanying chart further elaborated on this assertion, indicating that XRP has completed an extended consolidation phase and is on the cusp of a breakout from a descending triangle on the weekly chart.
He points to Fibonacci extension levels, which highlight critical resistance and breakout targets. These levels identify the upside targets for XRP upon breakout. Some of the targets include a rally to $7.92, $13.29, and $25.99, with the first mark of $10 appearing to be the baseline scenario if bullish sentiment holds.
Furthermore, he highlighted that XRP had previously demonstrated Fibonacci retracements during corrective cycles, lending technical weight to the new projections. The recent price movement shows a breakout from its long-term descending channel, suggesting renewed upward potential.
Trading Metrics Show Mixed Momentum
Market data showed volatility throughout the trading day. XRP opened near $3.04, briefly climbed to $3.07, and later returned to $3.00 under heightened selling pressure. The 24-hour trading volume stood at $5.93 billion, representing a 21.12% decrease, indicating reduced activity. The volume-to-market-cap ratio was 3.31%, indicating moderate liquidity levels.
Despite this decline, XRP’s market capitalization remained at $179.82 billion, ranking it the third-largest cryptocurrency with a fully diluted valuation of $300.35 billion. The asset’s broad holder base of 476,930 wallets reflects continued network participation and long-term accumulation trends.
Analysts Expect Fast-Paced XRP Breakout
Remarkably, other analysts also lent their voices to the bullish prospect of the XRP price. For perspective, following the recent XRP market performance, market analyst Altcoin Gordon noted that XRP’s next big move could arrive quickly, describing the likely rally as “fast and aggressive.” He identified the $3.66 level as a possible short-term target. Meanwhile, data from CoinCodex showed that XRP might reach $4 within six months if current technical conditions persist.
Although short-term sentiment remains cautious due to declining volume, traders are awaiting a breakout above the $3.05 resistance. Long-term strength above that level could validate the bullish Fibonacci targets and set the stage for XRP’s next directional phase.
The CoinRemark Team
