XRP Holds Critical $73B Support as Analyst Targets $600 Billion Market Cap and $10 Price
XRP is sitting at one of the most important technical levels in its long-term market structure, and analysts believe what happens next could shape the asset’s next major rally. After years of consolidation and repeated resistance, market watchers now see signs that XRP may be preparing for a powerful expansion phase rather than losing momentum.
Crypto analyst Egrag Crypto recently shared this outlook on X, pointing to XRP’s market capitalization chart as evidence that the asset remains in a strong bullish structure. According to him, XRP has already broken out of a multi-year compression phase that lasted from 2018 to 2024 and is now moving through a healthy retest before the next major upward move.
Why the $73 Billion Level Matters
Egrag Crypto identified the $73 billion-$74 billion market-cap range as the most important level to watch. This zone aligns with the Fibonacci 1.0 level. He called it the “line in the sand” for XRP’s bullish setup.
He explained that XRP previously broke out of a long-term consolidation pattern and climbed to the Fibonacci 1.618 extension near $195 billion before entering its current consolidation phase. He does not view this pullback as bearish. Instead, he sees it as re-accumulation, where stronger investors quietly build positions before the next major breakout.
As long as XRP stays above this $73 billion level, Egrag believes the macro structure remains firmly bullish. He argues that this support level has now transformed into a major foundation for future upside.
The Path to a $10 XRP
The analyst’s larger target remains ambitious. He believes XRP can eventually reach a $600 billion market cap, which would place the token near the $10 price range, depending on circulating supply.
This projection reflects the classic market cycle of compression, breakout, retest, and expansion. Egrag believes XRP is currently in the retest phase, which often appears quiet before momentum returns aggressively.
Many XRP supporters also connect this long-term optimism to Ripple’s growing institutional presence in cross-border payments and broader blockchain finance. Although price action remains slow for now, macro analysts often argue that extended consolidation periods usually precede explosive moves.
What Happens if Support Breaks
Egrag also outlined the downside risk. If XRP loses the $73 billion support zone and closes below it, he expects a deeper correction toward the rising macro trendline. He identified the $46 billion market cap area, which aligns with the 0.702 Fibonacci level, as the next strong support.
Still, his broader outlook remains bullish as long as XRP defends the current structure. He believes the real move has not started yet.
For investors watching the bigger picture, the message is simple: respect the $73 billion level. If bulls hold that zone, XRP could be setting the stage for its next major run toward double-digit prices.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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