XRP looks set for a major rebound, according to crypto analyst Captain Redbeard (@Brett_Crypto_X), who recently declared on X, “XRP is ready to bounce from here… Next stop: $10 — see you there!” The bold call comes as XRP trades at $2.18, holding strong above key technical levels and showing early signs of a bullish reversal. Strong Support Signals a Potential Reversal XRP is currently consolidating above a crucial support zone between $2.00 and $2.10—a range that coincides with the 0.618 Fibonacci retracement level from its February–April rally. This level, often referred to as the “golden ratio,” is widely recognized in technical analysis as a prime area for trend reversals. The 200-day Exponential Moving Average (EMA), which sits just below at around $2.00, is also providing dynamic support. In the chart shared by Captain Redbeard, XRP appears to be forming a double bottom, a classic bullish reversal pattern , right above this support band. This structure, if confirmed by a breakout above $2.40–$2.50 resistance, could mark the beginning of a major upward move. $XRP is ready to bounce from here.. Next stop: $10 — see you there! pic.twitter.com/aOKT3Zgyso — Captain Redbeard (@Brett_Crypto_X) June 28, 2025 Technical Indicators Turn Bullish Several technical indicators are reinforcing the bullish outlook. The Relative Strength Index (RSI) on the daily chart is gradually climbing toward the 60 level, showing a recovery in momentum after recent selling pressure. The Moving Average Convergence Divergence (MACD) is on the verge of a bullish crossover, further hinting that XRP could be preparing for a rally. Volume trends also support this view. Selling pressure has declined significantly on recent dips, while buying volume is slowly picking up, suggesting accumulation by long-term investors. A clean break above the 0.382 Fibonacci resistance at $2.46 would likely confirm bullish control and open the way to retesting the $2.80–$3.00 zone. Macro Factors and Institutional Momentum XRP’s technical strength is being reinforced by favorable macro and fundamental developments. Ripple’s strategic advancements are boosting confidence in the long-term value of the XRP Ledger. Additionally, the growing global interest in real-world asset (RWA) tokenization plays directly into XRP’s core use case as a liquidity and settlement asset. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Broader market sentiment has also improved, with the U.S. Federal Reserve signaling a more dovish stance and institutions showing increased appetite for digital asset exposure. These factors are creating a more supportive environment for altcoins like XRP. $10 Target: A Long-Term Vision with Growing Traction While Captain Redbeard’s $10 target may seem ambitious, it reflects a growing belief among XRP proponents that a combination of regulatory clarity, institutional adoption, and network utility could eventually drive a massive rally. Historically, XRP has shown it’s capable of rapid parabolic moves under the right conditions, as seen in 2017 and again in early 2021. For now, XRP’s ability to hold the $2.00 support and break above nearby resistance levels remains the immediate focus. If bulls succeed, Redbeard’s forecast could mark the start of XRP’s next major leg up, and possibly its journey to a two-digit valuation. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Analyst Says XRP Is Ready to Bounce from Here, Sets 2-Digit Price Target appeared first on Times Tabloid .
