Analyst to XRP Holders: I Can Smell Double Digits
2025-07-10 15:04:35
Main Idea
Crypto analyst XRPunkie predicts a potential breakout for XRP, with prices possibly reaching double digits ($10-$15) in the near future, contingent on overcoming key resistance levels and favorable market conditions.
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.
Description
XRP has recently experienced a modest pump, but according to crypto analyst XRPunkie, the real breakout is yet to come. In a recent post on X, XRPunkie noted that the $2.70 to $2.90 range is the key resistance zone to watch. He emphasized that clearing this level could mark a full reversal in trend and open the door to new all-time highs (ATH). “July–August gonna be explosive. I can smell double digits. $10–$15 soon,” he wrote, reflecting growing optimism in the XRP community. Critical Price Zon...
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