Ripple’s latest developments and statements by CTO David Schwartz have renewed interest in XRP and attracted attention, especially during a major price surge.$XRP
With XRP experiencing a massive price surge of around 13% over the weekend, the community has begun engaging in various speculations and discussions about the future of the cryptocurrency.
One prominent figure in the XRP community shared his opinion that this potential could be possible, referencing Schwartz’s tweet, “We could see $10 target if the right conditions are in place.”
In this article, we will examine the latest developments around XRP, important statements from Ripple's CTO David Schwartz, and the market movements following the price increases.
The XRP community is currently very excited about the token’s massive price rally. The 13% surge over the weekend allowed multiple resistance levels to be broken and trading volumes to increase significantly. While this rally is in line with broader market trends, David Schwartz’s tweet highlighting the “10x” potential has further fueled the excitement.
Following Schwartz’s tweet, discussions have intensified regarding the possibility of XRP reaching $10. The community is evaluating whether this price target can be achieved, and recent price action and XRP’s past performance reinforce this optimism. The cryptocurrency’s volatile nature could further pave the way for such fluctuations.
Ripple’s remarkable transactions over the weekend have caught the attention of market observers. According to Whale Alert data, a total of $200 million worth of XRP was transferred, including large transactions of 50 million and 40 million XRP. The transfer of such large amounts to anonymous wallets has raised questions in the XRP community about Ripple’s strategic moves and the liquidity of the market.
Ripple’s transactions come on the heels of transfers of approximately 182 million XRP over the weekend. These transactions represent a total value of more than $411 million and further underscore Ripple’s strategic position within the market. Analysts note that these large transfers could be preparations for future market initiatives or partnerships.
XRP’s price action at $2.20 is being closely watched by analysts. Analyst Ali Martinez emphasized that maintaining this level is critical to preventing XRP from pulling back. Among the resistance levels, $2.70 is seen as the next target for bullish momentum. However, if XRP closes below $2.20, a drop to $1.96 is possible.
XRP is currently trading at around $2.20, down almost 28% in the past week. The community remains hopeful but cautious despite the current price volatility. Since such volatility is quite common in the cryptocurrency market, understanding technical support levels correctly is critical for traders.