Crypto Potato 2025-06-10 13:04:25

Ripple’s (XRP) Next Leg Up Will Be ‘Brutal:’ Is $10 Possible?

TL;DR Ripple’s native token has been stuck in a consolidation phase for over a month now, with little indication of an upcoming breakout. However, analysts remain optimistic, claiming that the next leg up will be nothing short of spectacular. A price target of $10 emerged once again. Brutal Leg Up Coming? Aside from a few brief and unsuccessful attempts to shoot past the $2.6 resistance in mid-May, XRP has been struggling to get out of its relatively tight range between $2.1 and $2.4. It tested the lower boundary last week, but the bulls managed to defend it and sent the token toward the upper one. After a 2.5% jump on a daily scale and a 4.5% increase since last week, XRP now trades above $2.3. Looking at a more macro graph, though, shows that the asset has been within a symmetrical triangle since the December and January highs. According to xoom’s chart, XRP is currently testing the upper boundary, and a breakout could send its price flying. This will help determine the direction of the next move, as the symmetrical triangle is generally a neutral indicator. It is characterized by a descending trendline connecting lower highs and an ascending trendline connecting higher lows. XRP coil coil coil… break out. pic.twitter.com/qddmdMBfeh — xoom (@Mr_Xoom) June 9, 2025 Golden Cross and $10 Next? Cobb, a popular member of the XRP Army, cited information posted by Steph Is Crypto, which showcases that XRP’s chart on the 2D has flashed a major bull sign – the completion of a golden cross. The technical pattern occurs when a short-term moving average crosses above a longer-term MA and suggests a potential uptrend. Both analysts praised the move, with Steph predicting that the next 1-2 months will make millionaires. Cobb, on the other hand, said the next leg up will be “brutal” and suggested, in a separate post , that even a price target of $10 is not out of the question. XRP next leg up is going to be brutal Face melting and sidelined tears like you have never seen before https://t.co/f3zkcgHY7Y — Cobb (@Cobb_XRPL) June 9, 2025 Although even ChatGPT believes XRP at $10 is possible this year, under certain conditions, investors should be aware that such a massive increase from the current levels would put the asset’s market cap at well over $500 billion. This would make XRP the second-biggest cryptocurrency by market cap, at least when compared to ETH’s current numbers. It’s not impossible, but certainly feels like a stretch, especially when we observe the current price moves. The post Ripple’s (XRP) Next Leg Up Will Be ‘Brutal:’ Is $10 Possible? appeared first on CryptoPotato .

Наиболее читаемые новости

SkyBridge Capital’s Scaramucci Warns Crypto T...
2025-07-02
DeFi Development Corp Considers $112.5M Conve...
2025-07-02
Bitcoin Nears $110,000 as Altcoins Gain Amid...
2025-07-02
Litecoin (LTC) Shows Potential for Q4 2025 Ra...
2025-07-02
Pi Coin Price Prediction – Controversy Erupts...
2025-07-02
Analysts Watch MAGACOIN FINANCE, XRP, and Sol...
2025-07-02
Congress Urged to Investigate Fed Chair Over...
2025-07-02
Peter Thiel, Tech Billionaires to Form Bank f...
2025-07-02

Связанные новости

Прочтите Отказ от ответственности : Весь контент, представленный на нашем сайте, гиперссылки, связанные приложения, форумы, блоги, учетные записи социальных сетей и другие платформы («Сайт») предназначен только для вашей общей информации, приобретенной у сторонних источников. Мы не предоставляем никаких гарантий в отношении нашего контента, включая, но не ограничиваясь, точность и обновление. Никакая часть содержания, которое мы предоставляем, представляет собой финансовый совет, юридическую консультацию или любую другую форму совета, предназначенную для вашей конкретной опоры для любых целей. Любое использование или доверие к нашему контенту осуществляется исключительно на свой страх и риск. Вы должны провести собственное исследование, просмотреть, проанализировать и проверить наш контент, прежде чем полагаться на них. Торговля - очень рискованная деятельность, которая может привести к серьезным потерям, поэтому проконсультируйтесь с вашим финансовым консультантом, прежде чем принимать какие-либо решения. Никакое содержание на нашем Сайте не предназначено для запроса или предложения