Analyst to XRP Holders: I Can Smell Double Digits

Key Points

1. XRP is approaching a critical resistance zone of $2.70 to $2.90, which analysts view as a make-or-break level for further price momentum.

2. Technically, XRP is forming a tightening wedge pattern, with the 21-week exponential moving average (EMA) acting as support around $2.30, reinforcing a bullish setup.

3. Positive market sentiment is driven by the conclusion of Ripple’s legal battle with the SEC, speculation around a spot XRP ETF, and discussions about XRP in U.S. digital reserve frameworks.

4. Price projections vary, with some analysts forecasting $3.00-$3.50 if resistance is broken, while others like EGRAG Crypto predict $9.50-$15 under favorable conditions.

5. Risks include potential failure to break above $2.90, regulatory delays, ETF rejections, or broader market downturns, which could trigger a retracement to $2.10-$2.30.