XRP traded in a relatively narrow range on Sunday, following a week of significant volatility across the broader cryptocurrency market.
Notably, over the past week, the cryptocurrency posted a modest weekly gain of nearly 3%, suggesting investors are starting to find their footing amid ongoing market uncertainties.
However, amid this backdrop, several crypto analysts have signaled that XRP could be on the verge of a major breakout, particularly against Bitcoin (BTC).
According to popular analyst Javon Marks, the potential scale of XRP’s next move is significant.
“XRP against Bitcoin looks to be setting up for an over 680% run,” he noted, emphasizing that such a surge could push XRP’s price beyond the $10 mark.
He further noted that measured move targets suggest the cryptocurrency could even challenge levels above $15 if momentum continues to build.
Meanwhile, according to analyst ChartNerd, “Closing and maintaining above this $XRP 200-week EMA retest ($1.41) on this weekly close would be a short-term bullish signal,” he said.
He signaled that breaking this critical resistance could open the door for further upward movement.
Furthermore, popular analyst Ali Charts pointed to $1.38 as a definitive pivot point.
According to his view, if XRP were to break that support below, the market could quickly turn its attention to deeper support zones around $1.06 and potentially $0.80.
This underscores that while the upside is compelling, downside risk still exists if key technical thresholds fail to hold.
Elsewhere, analyst Token Talk drew attention to the trendline support that XRP is approaching.
Trendline support often serves as an area where buyers step in after pullbacks, and Token Talk’s analysis suggests that holding this line could keep the pathway open toward recent range highs.
“A bounce from this level keeps upside toward the range highs in play,” he stated, implying that buyers could defend this zone and reignite bullish momentum.
Moreover, according to analyst Amonyx, fundamental factors could play a major role in XRP’s next move.
The analyst noted that if 30% of XRP’s circulating supply were staked, price targets in the range of $7.50 to $11 could be achievable. “But what happens if 50%… or even 70% gets locked?” he asked.
He pointed to the potential impact of staking or locking up circulating supply on the token’s price.
At press time, XRP was trading at $1.35, reflecting a 0.73% upsurge in the past 24 hours.
Source: https://zycrypto.com/analyst-predicts-xrp-breakout-against-btc-says-10-move-could-be-just-the-starts/
