XRP accelerates: Destination 10 USD or even further?

The price of XRP has increased nearly 15% in the past seven days, rising from a low of $1.61 to $2.14 at the time of writing. According to some technical analysts, if XRP closes a daily candle consistently above the $2.20 mark, a clear trend reversal will be established – opening up the opportunity for this coin to break into the double-digit price range.

! XRP/USD daily chart. Source: TradingView## The $2.2 mark will decide the game

After the crypto market surged due to the information that U.S. President Donald Trump announced tax exemptions for certain technology items, traders are optimistic that XRP could make a spectacular breakout.

The DOM analyst stated that XRP successfully retested the support level of 1.96 USD and reclaimed the important price zone above 2 USD – which was established in December 2024.

"Right now, the only goal is 2.2 USD," DOM shared on X, while asserting that if XRP decisively surpasses this mark, the price could rise to 2.5 USD.

The accompanying chart shows that XRP has also regained the VWAP mark (Giá the election's lượng) weighted average at $2.03 — a positive sign for the uptrend to continue.

"If the price range of 2 USD and the election period VWAP level continue to act as support, the chart shows a clear bullish structure."

XRP/USD Chart. Source: DomIn the short term, the price level of 2.1 USD – coinciding with the 100-day EMA line – is considered an important support zone, according to the liquidation heat map from CoinGlass.

The buying orders are strongly concentrated around this area, increasing the likelihood that XRP will have a retest to "attract liquidity."

XRP liquidation heatmap. Source: CoinGlass## Will XRP reach 20 USD by 2025?

After the recent recovery, the anonymous analyst Maelius predicts that XRP could reach 10 USD – and in the "optimistic" scenario, the price could rise to 15-20 USD. This forecast is based on the Elliott Wave Theory (Elliott Wave Theory) on the weekly timeframe.

"The conservative scenario assumes that XRP has completed the W3 wave, which is currently forming a W4 correction, before entering the final W5 bullish wave W5," Maelius said. At the same time, he pointed out similarities to the bullish cycle of 2017 when the RSI was entering overbought territory – a sign that prices could continue to rise if the cycle repeats.

Accordingly, the W5 target could reach around 10 USD by the end of this year if W5 has a range equivalent to W3.

XRP/USD weekly chart. Source: MaeliusHowever, Maelius notes that W3 may not have actually ended yet as this accumulation phase has lasted longer both in price and RSI compared to the 2017 cycle.

"If that's the case, we may have only completed the small wave W3 within a larger wave W3, meaning that the upward trend is still ongoing."

In this scenario, the RSI will need to retest the resistance level once again to confirm the completion of W3. If correct, the peak of W5 could extend to Q1–Q2 of 2026, with a price target of 15–20 USD, or even higher.

! XRP/USD weekly chart. Meanwhile, analyst XForceGlobal said that XRP is still in a "big bull cycle" with price action standing out from the rest of the market — from an Elliott wave perspective.

"If multiple factors are combined and technical analysis is conducted thoroughly, the probability of reaching a new historical peak is entirely feasible."

! XRP/USD daily chart. Source: XForceGlobalAccording to previous data, XRP's symmetrical triangle pattern is hinting at a rally above its old peak, at $3.50.

Disclaimer: This article is for informational purposes only and is not investment advice. Investors should do thorough research before making any decisions. We are not responsible for your investment decisions.

• XRP surged to a weekly high amid a strong buying wave.
• XRP faces the risk of reversal at the 2.25 USD level

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