XRP price analysts predict the next target is $10: Has the bull run been confirmed?

Introduction

The recent upward trend in the price of XRP (XRPUSD) has rekindled optimism among investors and technical analysts. Over the past seven days, XRP has risen approximately 15% from a recent low of $1.61, sparking expectations that it could break into the double-digit range. Many analysts believe that as long as it can break through the key resistance level of $2.20, this cryptocurrency token could experience a strong trend reversal. This price prediction has attracted significant attention from those looking to buy or sell XRP.

Why is the next rise to $2.20 for XRP crucial?

Technical analysts emphasize the importance of XRP reclaiming the $2.20 price level. Recently, in a rebound driven by positive sentiment following former U.S. President Donald Trump's announcement of tariff exemptions, XRP has shown resilience, bouncing back from its short-term support level of $1.96 and reclaiming the critical price level of $2.00.

The renowned crypto analyst DOM clearly stated in a post on X on April 13, "$2.20 is now the only target." XRP price analysts predict the next target is $10, and if XRP decisively breaks through this key level, the next direct upward target is $2.50. The cryptocurrency has also regained the critical election VWAP (Volume Weighted Average Price) of $2.03, adding positive momentum for further upward movement. To maintain a bullish scenario, analysts emphasize that XRP must firmly hold above the psychological level of $2.00 and the election VWAP.

Instant support provides confidence and risk mitigation

On the downside, immediate support is at $2.10, represented by the 100-day Exponential Moving Average (EMA). Liquidity data shows that there is significant buy support at this level, indicating that a possible short-term pullback could provide buying opportunities for those targeting higher levels. Traders expect this support area to become a strong bottom, helping XRP maintain its bullish momentum and break through $2.20. This aligns with broader trends in the crypto market, as tokens with strong network fundamentals typically attract investor interest.

Is a New High in Sight? XRP Price Analysts Predict the Next Target is $10

Multiple cryptocurrency analysts expect XRP to potentially reach double-digit prices in the near future. According to the XRP price analysis, the next target is said to be $10, based on predictions from a lower weekly timeframe using Elliott Wave Theory, analysts anticipate that XRP will hit a conservative target of around $10 before the end of this market cycle. Additionally, they noted a more optimistic scenario, suggesting a target price between $15 and $20, expected to be achieved by early 2026.

Analysts explain that the recent price movement of XRP and the changes in the Relative Strength Index (RSI) show an astonishing similarity to the performance during the 2017 bull market cycle. If history repeats itself, the extended Elliott Wave pattern may further extend XRP's bullish momentum, pushing valuations into double digits. Another analyst also reinforced this bullish sentiment, describing XRP as currently being in a "major bull market." They noted that XRP's unique and bullish price movement relative to other cryptocurrencies positively reinforces the potential for further upside.

Conclusion

Although XRP still faces short-term resistance at $2.20, analysts remain optimistic as technical indicators strengthen bullish momentum. Analysts believe that it is only a matter of time before XRP challenges and breaks through key resistance, placing double-digit price levels within the realm of possibility. However, investors should proceed with caution, recognizing the inherent risks of cryptocurrency investment and understanding that past trends do not always predict future price movements.

In conclusion, XRP price analysts predict that the next target is $10, and a bullish scenario is expected in the market, which could push XRP to unprecedented new highs in the coming years. For those who want to understand what to do next or how to develop an investment strategy, XRP price analysts predict that their next price target is $10 and recommend keeping an eye on supply, network developments, and key launch dates to gain insights into future price movements. The XRP/USDT trading pair remains a popular choice for tracking value and liquidity in the crypto market.

Risk Warning: The XRP token may experience a significant price drop due to fading popularity, and the lack of substantial application scenarios may impact its long-term development prospects.

Author: Orisi.T, Gate.io researcher *This article only represents the author's views and does not constitute any trading advice. Investment carries risks, and decisions should be made cautiously. *This content is original and copyright belongs to Gate.io. If you need to reprint it, please indicate the author and source; otherwise, legal responsibility will be pursued.