Analyst predicts XRP to reach $10-$15 with price showing higher lows

The current outlook for XRP is promising, as the cryptocurrency displays a pattern of building higher lows and breaking through key resistance levels. This positive momentum is supported by technical analysis indicating a potential Wave 3 rally based on Elliott Wave theory, suggesting rapid and impulsive price moves in the direction of the prevailing trend.

According to analysis shared by XRPunkie, XRP may see significant upside potential with price targets ranging between $10 and $15 during Wave 3. The analyst highlights Fibonacci extension levels that could act as checkpoints for profit-taking, with short-term resistance points identified at $4.12, $5.31, and $6.16. More ambitious price targets include $7.55 and $9.45, with a ceiling projection of $13.59 if Wave V plays out as anticipated.

The bullish momentum of XRP is further supported by the upward trending moving averages and increasing volume, signaling heightened interest from institutional investors. XRP’s recent price movements have shown resilience, with the cryptocurrency trading above $3.30 after overcoming key resistance levels. Additionally, spikes in trading volume suggest accumulating interest in XRP, further bolstering the positive sentiment surrounding the asset.

In the short term, technical analysts are eyeing a break above the $3.31 resistance level as a precursor to further bullish continuation. If XRP manages to surpass this level, the next target range could shift towards $3.50–$3.66. Despite macroeconomic uncertainties and ongoing legal battles, XRP’s strong fundamentals and utility in cross-border payments and DeFi space indicate potential for further upside.

Looking ahead, long-term forecasts for XRP remain optimistic, with projections of the cryptocurrency reaching as high as $15. Factors such as continued institutional interest, technical indicators, and market structure will play a crucial role in determining XRP’s future price movements. As XRP continues to exhibit bullish patterns and maintain support levels, the outlook for the cryptocurrency remains positive, setting the stage for potential gains in the foreseeable future.