XRP Price Shows Bullish Continuation with Potential Target of $10
The XRP price has risen from below $0.6 to over $2.8 in recent months. However, it faced bearish pressure, dropping back toward $2. Despite this, the XRP price continues to demonstrate strength, suggesting that bullish momentum remains intact.
XRP Price Shows Bullish Continuation
Currently, the XRP price is ranging within a tight channel, with bulls maintaining support at $2. A crypto analyst on TradingView noted this trend, indicating bullish potential despite recent declines. The key support level is $2, while resistance sits below $3. This development is viewed positively, as XRP appears to be establishing a bullish continuation on its daily chart.
A breakout from the current bullish channel could confirm this upward trend, potentially leading to an increase of over 300% from the current price level. The analyst stated, “Once we get a break out of that bullish channel, we will break all-time highs well into a new all-time high.”
How High Can Price Go From Here?
If XRP breaks out of the bullish channel, it may indicate momentum towards a new all-time high. Currently, XRP is approximately 37% below its all-time high price of $3.84 set in 2027. An 80% increase from the current price would return it to new all-time highs.
The analyst predicts that a breakout could see the XRP price rise to between $10 and $11, representing a fivefold increase and marking its first foray into double-digit territory. This move is anticipated in Q1 2025.
Historically, the first quarter has been bullish for cryptocurrencies. In previous years, XRP closed Q1 positively, achieving gains of 58.8% in 2023 and 2.37% in 2024. So far, XRP is up 15.9% in 2025, indicating a potential continuation of this trend.
