Will XRP Price Cross $10? Insights from Crypto Experts
XRP, the native token of Ripple Labs, seems to be attracting significant attention from cryptocurrency enthusiasts as it has formed a bullish price action pattern on the daily time frame. Amid this bullish outlook, a prominent cryptocurrency expert published a post on X (formerly Twitter) in which they boldly predicted that XRP could reach $11 in the coming days.
Experts’ Bold Predictions for XRP
In an article on X, experts noted that XRP is currently consolidating within a bullish pennant price action pattern that looks similar to a flag and bar pattern on the daily time frame. During this consolidation, the price appears to be stuck in a tight range and is facing resistance at the $2.73 mark.
The expert highlighted that before XRP breaks this resistance level, it will most likely fall back to the $2.05 mark. Also, if Ripple price If there is a further break above the resistance and a close above the $2.73 mark, a significant surge to the $11 level is likely in the future.
In addition to this bold prediction, XRP is currently trading close to $2.42 and has seen a price decline of 1.50% in the past 24 hours. During the same period, its trading volume fell by 25%, indicating reduced participation from traders and investors amid the bullish outlook.
XRP Price Prediction and Upcoming Levels
However, technical analysis from CoinPedia suggests that XRP has broken out of the bullish flag and extreme price action patterns, but is now retesting the $2.40 breakout level. Based on recent price action, if the asset holds this level and closes above it, it could signal further bullish momentum.
Based on the recent price action, if the altcoin remains above the $2.30 mark, there is a high chance that it will surge over 40% to reach the $4.50 mark in the future.
