XRP price analysts project $10 next, ‘optimistic’ target of $20

Key Points

  • XRP price analysts project a potential rise to $10, with an optimistic target of $20 if bullish trends continue.
  • A daily close above $2.20 is crucial for signaling a strong trend reversal towards double digits.
  • Technical analysis indicates XRP has reclaimed key support levels, suggesting potential for further gains.

Summary

The article discusses the recent movements and future projections for XRP's price. After a pullback to $1.61, analysts are optimistic about XRP reaching double digits, with a conservative target of $10 and an ambitious goal of $20. The cryptocurrency has shown a 15% increase over the past week, with a significant recovery above $2.00, which is seen as a key "value area." Analysts like DOM and Maelius have highlighted the importance of XRP maintaining support levels above $2.00 and $2.20 for further upward movement. The Elliott Wave Theory suggests that XRP could be in the process of completing its third wave, potentially leading to a final wave that could push the price towards $10 by the end of the year or even higher into 2026. The analysis also points to a symmetrical triangle pattern, indicating a possible rally to new all-time highs. However, the article emphasizes that these projections are speculative and involve risk, advising readers to conduct their own research before making investment decisions.

cointelegraph
April 16, 2025
Crypto
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