A prominent analyst, who previously forecasted XRP’s recent price crash with remarkable accuracy, now suggests the cryptocurrency is poised for a rally to $10. This optimistic projection coincides with Ripple’s latest revelations about the future of the XRP Ledger (XRPL), sparking renewed investor interest.
XRP Shows Signs of Recovery – Is a $10 Breakout on the Horizon?
Following a sharp decline amid a broader market downturn, XRP has begun to recover. The token gained approximately 1% today, trading at $2.29, while its 24-hour trading volume surged 41% to $11.72 billion. However, the Relative Strength Index (RSI) remains at 37, underscoring persistent selling pressure.
Over the past month, XRP has shed nearly 22% of its value, with a 10% decline over the last week. Additionally, XRP Futures Open Interest has dropped by about 2.25%, indicating a cautious stance among investors.
Despite these bearish signals, a well-regarded market expert has reignited optimism with a bold prediction of an imminent price surge.
Can XRP Reach $10?
Despite the current market downturn, analysts remain optimistic about XRP’s long-term trajectory. Notably, renowned expert CasiTrades—who previously predicted XRP’s crash with precise price targets—believes the cryptocurrency could climb to a range between $8 and $13.
In a recent post on X, CasiTrades responded to an inquiry about XRP’s future, suggesting that the asset could experience a strong rally once it surpasses its all-time high (ATH). Given this outlook, achieving the $10 milestone may first require breaking past its previous ATH of $3.84, set in 2018.
Further fueling market optimism, Ripple has recently shared significant insights regarding the future of the XRPL ecosystem. Let’s take a closer look at what’s in store for the platform.
