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While initial speculation earlier in the week regarding the inclusion of XRP as a U.S. strategic crypto reserve asset enhanced price predictions, today’s crypto summit saw these ambitions narrowed down to Bitcoin exclusively.
A factor that seems to have subdued market sentiment, resulting in a notable 2.36% drop—though the leading altcoin still retains a 23.55% increase for the week.
Despite the setback, attention remains on XRP as increasing pressure builds for a potential breakout.
XRP Price Analysis: Is $10 Still Achievable?
Although today’s decline briefly jeopardized the formation of a symmetrical triangle that has been developing since mid-January, the breakout remains valid.
XRP / USDT 1D chart, symmetrical triangle pattern breakout. Source: Binance.
The daily candle fell below the upper resistance of the pattern but remained resilient, bouncing back from the crucial $2.20–$2.40 support zone that has influenced price movements consistently.
While the previous breakout attempt was unsuccessful, this one appears to have more strength, particularly as technical indicators favor bullish momentum.
The Relative Strength Index (RSI) has reset to a neutral 50 after retreating from overbought levels at 70, and the MACD line continues to trend above the signal line—both signs that the correction may have concluded.
This establishes a solid foundation for growth. Should further declines occur, the support zone is likely to trigger another rebound.
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A complete execution of the pattern suggests a potential XRP price target of $3.85, representing a 53% increase from current levels—marking the first step toward the sought-after $10 threshold.
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The post XRP Explosion Incoming? Key Levels Point to a Run Towards $10 appeared first on Cryptonews.
