- Technical analysis predicts a $10 target for XRP soon.
- Elliott Wave patterns support XRP’s bullish breakout.
As of April 27, 2025, XRP is moving up strongly and trading at $2.24. In the last 24 hours, the cryptocurrency has increased 1.95%, and 8.99% over the last week, and a whopping 332.23% over the last year. According to technical analysis and market trends, market experts are now predicting a potential breakout that has the potential to send XRP to a $10 price target soon.
The chart, published by XForceGlobal, indicates that XRP is running on an “Extended Flat” pattern, a formation often associated with significant price movements. It is anticipated that the price objective will reach $10, which is more than 300% more than its current level.
Elliott Wave Experts Predict XRP Will Shock the Market with $10 Breakout
XRP price action is easily identified by key Elliott Wave patterns in the TradingView chart. It is displaying a completed corrective wave structure A-B-C, and then an impulsive wave that will push up the price. Currently, the chart is indicating the current price of $2.1789, which is a bit lower than the current price and the projected target is at $10. This sits on a 100% Fibonacci extension level, a highly used crypto market price target indicator.
The evidence from past data confirms the positive price expectation. XRP price movements in the previous years followed a standard pattern where prices rose dramatically after significant periods of market consolidation. The chart also highlights a critical support level at $1.7566, labeled as the “Projected Low,” which XRP has already surpassed, reinforcing the bullish sentiment. A recognized Elliott Wave expert stated XRP might attain a 1,726% surge, thus adding support to the $10 price prediction.
Conditions in the market also matter. XRP has benefited from the use case of cross-border payments in the broader cryptocurrency market, which has now seen increased adoption and institutional interest. XRP is still being used by Ripple, the company behind it, to expand its partnerships, which could lead to more demand.
Performance in the market and key factors that influence the XRP growth
Steady buying pressure was reflected in the daily gain of 1.95 percent, whereas the 8.99 percent weekly gain indicates a sustained investor confidence. The 332.23% annual increase demonstrates that XRP has outshone most other cryptocurrencies and has been the center of attraction of many traders.
This upward trend is being contributed by several factors. Uncertainty for XRP investors has gone down as regulatory clarity in the cryptocurrency space has improved. The Ripple ecosystem has also gained confidence from its ongoing developments, such as its stablecoin initiatives. In addition, the general bullishness in the crypto market, fueled by macro factors such as inflation hedging, has had a hand in XRP’s rally.
The analysis also highlights the significance of XRP remaining above the $2 level so as to continue its bullish momentum. If this level breaks down, there may be a retest of lower support zones first before the $10 target is reached. But the current market structure gives XRP all the chances to gain more.
If the XRP reaches $10, it would be a massive milestone for crypto, which could entice more institutional investors and cement its place in the crypto market. Currently, the technical indicators and the market dynamics are in accordance with the optimistic forecasts, and therefore, XRP is a cryptocurrency to watch out for in the coming weeks.
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