XRP Price Target of $10 Remains Intact Despite Recent Volatility
Ripple's cryptocurrency, XRP, has dropped below the $3.0 support level amidst a market correction. Analysts maintain a target price of $10 for XRP despite this volatility.
XRP Price Analysis
- XRP is currently testing support at $2.85.
- Analyst Dark Defender suggests an ABC correction pattern; failure to hold $2.85 could lead to a drop to $2.64.
- Potential upward targets are $3.33, $4.36, $5.85, and $10.47.
- Another analyst, Crypto Patel, indicates XRP is 200% away from reaching $10, with strong bullish momentum.
- Key support levels noted at $0.80 and resistance near $2.90.
- A breakout above these levels may trigger a significant rally.
Ripple's Expansion into Stablecoins
- Ripple is launching the RLUSD stablecoin in partnership with SBI Holdings in Japan by early 2026.
- This initiative aims to capture a share of the growing $300 billion stablecoin market.
- The RLUSD will be fully backed and regulated, targeting enterprise use cases.
- The stablecoin market is projected to grow into the trillions, presenting significant opportunities for regulated digital currencies.