Ripple’s XRP has dipped under $3 this week, but analysts remain firm on a long-term price target of $10. They argue that strong fundamentals, new market moves, and technical charts support the bullish case.
Volatility Tests Investors’ Patience
XRP slipped to around $2.85 earlier this week. That move sparked concern among traders, especially after the token briefly lost the $3.0 support line.
But was this unexpected? Not really. Crypto markets have been shaky across the board. Bitcoin also wobbled near $60,000, and Ethereum retreated from its highs. The sell-off wasn’t isolated to XRP.
Some traders panicked, yet analysts say the broader trend is still intact. “This is just a test of support,” one crypto strategist told Bloomberg. “The structure hasn’t broken.”
Key Resistance Levels In Sight
So where does XRP go from here? Analysts are zeroing in on resistance around $2.90. If XRP clears this hurdle, momentum could build again.
Crypto Patel, a widely followed analyst, noted that XRP’s chart is “setting up for an upside rally.” He argues that once the $2.90 zone is convincingly broken, traders may quickly shift sentiment back to bullish.
Others point to technical formations, including an ABC correction pattern. Dark Defender, another analyst who has been tracking XRP closely, suggested the current pullback was predicted and fits neatly within long-term bullish models.
Why Analysts Still Talk About $10
The $10 target sounds ambitious at first glance. After all, XRP has been battling regulatory hurdles and market swings for years. Yet, the bullish case rests on several pillars.
First, Ripple’s expanding use cases. The company is actively pushing its RLUSD stablecoin into Japan. That’s a strategic market, given Japan’s appetite for cross-border payment solutions. A Ripple executive called it “a natural next step for our global strategy.”
Second, liquidity improvements. XRP is one of the most traded tokens globally, and deeper liquidity makes it easier for institutional players to adopt.
And third, sentiment. Cryptocurrencies thrive on belief and momentum. If XRP gains a foothold above $3 again, analysts argue that a 200% rally could be in play.
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$2.90: near-term resistance
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$3.50: breakout confirmation
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$10: long-term target if momentum holds
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Market Comparisons Put Things in Perspective
It helps to compare XRP’s performance with other major coins. Looking at returns over the past six months shows how the token stacks up:
Cryptocurrency | 6-Month Return | Current Price (approx.) |
---|---|---|
Bitcoin (BTC) | +42% | $60,800 |
Ethereum (ETH) | +38% | $3,150 |
Ripple (XRP) | +25% | $2.85 |
While XRP has lagged behind Bitcoin and Ethereum, analysts stress that it often moves later in the cycle. In other words, patience might pay.
Ripple’s Push Into Japan Could Be A Catalyst
Ripple’s RLUSD stablecoin is entering the Japanese market. That’s not small news. Japan has one of the most progressive regulatory frameworks for crypto assets, and Ripple already has strong ties with SBI Holdings there.
The move could bring new liquidity, adoption, and credibility to XRP itself. After all, Ripple’s ecosystem often benefits when the company expands its footprint.
One Tokyo-based analyst said Japanese institutions are “hungry for blockchain solutions that actually solve payment bottlenecks.” Ripple is positioning itself as that solution provider.
Sentiment On The Ground
What do traders think? It’s mixed. Some are tired of waiting for XRP to break out, while others view this pullback as a golden chance to accumulate.
Social media chatter reflects both moods. On X (formerly Twitter), traders shared charts predicting rallies back to $5 within months. But skeptics pointed out that XRP has teased big rallies before without follow-through.
For long-term holders, though, the case feels different this time. Regulatory clarity in the US, fresh use cases abroad, and growing liquidity pools all add up. “The pieces are finally aligning,” one investor commented in a forum.
The Road Ahead
XRP remains one of the most polarising tokens. Love it or hate it, the token continues to draw attention.
In the short term, all eyes are on whether it can reclaim $3 decisively. Medium-term, traders will watch the $3.50 zone for confirmation of strength. Longer-term, the dream of $10 still sits on the horizon.
Whether or not it gets there depends on momentum, adoption, and—perhaps most importantly—whether Ripple’s global expansion keeps delivering real-world traction.