The XRP price has rallied for three consecutive weeks, rising to its highest level since 2021. With the momentum in the crypto industry continuing, will the Ripple price jump to $10?

Will Technicals Propel XRP Price To $10?
Technicals show that a bullish case for the XRP price can be made. On the weekly chart, the coin has recently made a bullish breakout above $0.9351, its highest level on June 10. This was an important level since it was the neckline of the slanted triple-bottom pattern. Ripple price has also formed a golden cross as the 50-day and 200-day moving averages have crossed each other, while the Average Directional Index (ADX) has pointed upwards. Therefore, the next resistance level to watch will be at $1.97, its April 2021 high followed by its all-time high of $3.54. A break above the all-time high will increase the odds of the coin soaring to the psychological important level at $5. If bulls clear $5, then a move towards $10 will be possible.

XRP Price Trading View Weekly Chart
XRP needs to rise by almost 800% from the current level to $10. As such, with the year having 41 more days to go, this will be an uphill task to accomplish. The most probable targets for the year will be at most $5, which is a big move from the current level. The bullish view will become invalidated if the coin drops below the psychological level at $0.50, which also coincides with the ascending trendline.

Crypto analysts are also optimistic that XRP price is primed for a strong bullish breakout in the near term, with some expecting it to get to $10. One of the most bullish cases has been that the coin has formed a seven-year bullish pennant, which is characterized by a long flag pole and a symmetrical triangle pattern. In most periods, this pattern leads a strong bullish breakout. In an X post, Crypto Michael, a popular analyst with 55k followers, noted that he was fascinated by Ripple’s seven-year bullish pennant pattern. As such, he expects that the coin will have the most significant bullish breakouts in crypto history.
XRP Price Pennant Monthly
In another post, Armando Pantoja noted that the coin has a long history of staging strong breakouts, such as its move from $0.11 to $2 in 2020, a 1,718% increase. He also cited the fact that it has a tight Bollinger Bands, which happens before a strong bullish breakout.

Reasons Why Ripple is Primed to Explode in 2024
Fundamentally, Ripple faces several potential catalysts. The most notable one is the recent Donald Trump victory, which will usher in a new era of regulations in the SEC. For one, Gary Gensler, who has ruled through lawsuits, is expected to exit before Trump takes office.

The implication of this is that the new SEC may work to reset its relationship with the crypto industry by ending some of the lawsuits. In particular, it may decide to end its appeal on the ongoing Ripple case. Such a move will increase the likelihood of a Ripple ETF as soon as in 2025.

Further, Ripple is working on RLUSD, a stablecoin pegged 1:1 to the US dollar. A stablecoin is a big deal because it will help Ripple implement its cross-border payments network better. As we have seen with Tether, a stablecoin can be highly profitable. Indeed, the World Bank has identified Ripple as a potential game changer in provision of cross-border institutional liquidity.
Ripple world Bmed
XRP price may receive a bump when Ripple Labs decides to go public as its officials have hinted in the past.
Summary: Can XRP Hit $10 In 2024?
Therefore, these positive catalysts mean that the odds of a strong XRP price rally are increasing. While a move to $10 may not happen this year, there are chances that it will happen in 2025. Besides, Ripple has a combination of strong technicals and fundamentals, to push it higher in the longer term.

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The cryptocurrency XRP, one of the most prominent assets on the market, recently experienced a significant price drop, falling over 20% from its three-year high. This unexpected decline has raised concerns among investors and the crypto community. In this article, we’ll explore the reasons behind the price drop, the factors influencing XRP, and what the future might hold for this token.
Current Status of XRP’s Price

XRP is currently priced at $1.084599, with a daily trading volume of over $8.98 billion. Its market capitalization stands at $61.75 billion, accounting for 1.98% of market dominance. Over the last 24 hours, XRP’s price has decreased by 1.66%.
XRP reached its all-time high of $3.92 in January 2018, with its lowest recorded price being $0.002802 in July 2014. Currently, the market sentiment around XRP remains bullish, with the Fear and Greed Index at 83, indicating extreme greed.
Key Reasons for XRP’s Price Decline
Massive Exchange Withdrawals
One of the primary factors is the significant reduction in XRP reserves on exchanges like Upbit and Binance.
Upbit saw nearly 250 million XRP withdrawn in the past week, bringing its reserves to a four-month low of 6.3 billion XRP.Binance also witnessed a similar decline, with XRP reserves steadily dropping since November 12.
These withdrawals, typically viewed as a sign of growing buying pressure, have, in combination with other factors, amplified volatility.
Increasing Speculation in Derivatives Markets
The XRP Estimated Leverage Ratio (ELR) rose to 0.17, signaling heightened speculative activity. While optimism can drive short-term gains, it also increases the risk of sharp corrections as over-leveraged positions are liquidated during market pullbacks.
Record High Open Interest
Open interest in XRP futures reached $1.98 billion before dropping to $1.84 billion. Such levels often indicate aggressive speculation, which can lead to sudden price shifts when market sentiment changes.
XRP Price Prediction: What’s Next?
Despite the recent price drop, the XRP market retains bullish momentum:
Declining exchange reserves suggest strong investor interest.High open interest levels indicate robust trader participation.
If buying pressure persists, XRP could find support at lower price levels and potentially recover. The key resistance level remains at $1.20, while long-term growth depends on stabilizing broader market conditions.
Conclusion
In the short term, XRP’s price may remain volatile as the market adjusts to excessive speculation. However, strong investor interest indicates potential for a long-term recovery. Monitoring factors like the leverage ratio (ELR) and open interest will be crucial in predicting further developments.

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XRP has long been a topic of heated debate in the crypto world. 🌐 For years, enthusiasts have held onto the belief that XRP could one day hit $10,000, turning hodlers into overnight millionaires. 🚀💸 But let's face it: the reality is far different from these sky-high predictions. In fact, there are growing concerns that XRP may be on a downward spiral that investors can’t ignore. 📉😨
So, what's really going on with XRP? Let’s break it down. 👇
🧩 The Dream: XRP to $10,000 🌈
👇👇👇
$XRP
The idea that XRP could reach $10,000 per token is rooted in its potential as a bridge currency for international payments. 💸🌍 Ripple, the company behind XRP, aims to revolutionize cross-border transactions by making them faster and cheaper than traditional systems like SWIFT. ⚡💱
Here’s why some people are bullish:
1. 🌍 Global Partnerships: Ripple has partnered with numerous financial institutions worldwide, which gives hope for mass adoption of its technology.
2. 🔗 Utility: XRP is seen as a tool for real-time liquidity in cross-border payments, which could theoretically drive its value up if widely adopted.
But is this enough to justify a $10,000 price tag? 🤔
⚠️ The Harsh Reality: Why XRP May Never Hit $10,000 💥
Despite the hype, the reality is much bleaker. Here’s why the dream of XRP reaching $10,000 is more of a fantasy:
1. 👨‍⚖️ Legal Troubles: Ripple has been embroiled in a lengthy legal battle with the U.S. Securities and Exchange Commission (SEC). The lawsuit alleges that Ripple sold XRP as an unregistered security, which could have serious consequences. 🚨⚖️
- If the SEC wins, it could mean the end of XRP as a viable asset in the U.S. market. That would be a massive blow to its value. 📉
2. 🌊 Market Saturation: XRP has a total supply of 100 billion tokens, which means for it to reach $10,000 per token, the market cap would need to exceed $1 quadrillion! 🤯 That’s more than the entire world’s GDP, making such a price point highly unrealistic.
3. ❌ Lack of Decentralization: Critics argue that XRP is not as decentralized as other cryptocurrencies like Bitcoin or Ethereum, which goes against the principles of the crypto movement. This centralization could limit its long-term appeal. 🗝️
4. ⛔ Regulatory Risks: Governments around the world are cracking down on cryptocurrencies. If XRP faces more regulatory hurdles, its chances of reaching astronomical prices are slim. 🛑
🚨 XRP on the Brink? The Warning Signs 🛑☣️
While the dream of $10,000 XRP is fading, there are alarming signs that XRP could be heading for a much rougher road:
- 📉 Declining Volume: Trading volume for XRP has been on a decline, indicating waning interest from the broader crypto community.
- 💔 Investor Sentiment: With many top influencers and analysts warning against heavy investment in XRP, it’s clear that confidence is wavering.
- 🛑 Exchanges Delisting: Following the SEC lawsuit, several major exchanges suspended XRP trading in the U.S., which has limited its liquidity and market access.
🤔 So, Is XRP Out of the Game? 🎮❌
The writing on the wall suggests that XRP is facing significant challenges that could limit its growth potential:
- No $10,000 Dreams: Given the current market conditions, regulatory challenges, and tokenomics, XRP hitting $10,000 is highly improbable.
- Survival Mode: Instead of focusing on a moonshot, the XRP community should be more concerned about its legal survival and regulatory status. 🛡️
💡 Final Thoughts: Time to Move On? 🤷‍♂️
While some die-hard fans may continue to believe in XRP’s moonshot potential, the reality is that it faces too many obstacles to realistically hit $10,000. The best approach is to stay informed, avoid hype, and diversify your investments to manage risks effectively. 📚⚖️
Are you still holding onto your XRP bags or have you moved on to greener pastures? 🌾📤 Let us know your thoughts below! 💬👇
Disclaimer: This article is for educational purposes only. Cryptocurrency investments are highly speculative and come with significant risks. Always do your own research before making any investment decisions. 🚨
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