Will the price of $XRP rise to $10? Technical analysis from Dr. Kat outlines a triad scenario
In a series of recent posts, the anonymous technical analyst Dr. Kat laid out a bold bullish scenario for XRP - with the potential to triple its price from its current range to $6 to $10, provided that $BTC maintains its upward momentum and reaches $144,000 in the near term.
🔍 Chart analysis for the XRP/BTC pair: breakout signs over several years
Dr. Kat stated that the monthly chart for the XRP/BTC pair is currently "firmly consolidating" below the Ichimoku cloud at 2,674 satoshis - a major resistance level.
"If the monthly candle closes above 2,674, I expect XRP to reach at least 4,135 satoshis within two months," - Dr. Kat shared.
This would mark the first bullish shift in the Kumo indicator since 2018, indicating a clear change on the long-term chart. The next target area, from 4,135 to 7,600 satoshis, is known as the resistance/profit-taking area, where prices often hit and then rebound after breaking through for several years.
📊 XRP/USD: Ichimoku and Fibonacci mix - target $6-10
On the USD chart, XRP just closed the weekly candle above $3.37, thus:
The Ichimoku cloud leads to a bullish shift.
The Kijun Sen line shows.
Breakout of the Chikou Span line, representing a Henka Bi candle - a rare event in the Ichimoku cycle (week 27).
Based on Ichimoku wave measurements along with Fibonacci, Dr. Kat defined:
With the confirmation signal from last week's candle, all these levels are considered sustainable over the next month or two, Dr. Kat said. "And $4.50 should be considered the minimum."
📉 Risk confirmation and conditions
While the analysis is very positive, Dr. Kat emphasized that the fundamental condition is for the XRP/BTC pair to close the month above 2,674 satoshis. Failing to do so could delay the entire bullish structure by another quarter.
If successful, a breakout to the 4,135–7,600 satoshi area would represent the first change in market structure since 2017 for the XRP/BTC pair - a strong signal that could attract speculative flows to the XRP/USD pair.
⏳ Waiting for the final confirmation signal?
Cautious traders can wait for a breakout of the Chikou Span line on the weekly chart - if this occurs this week or next week, it would be a rare but extremely strong signal that could lead to a strong rise even before the Tenkan-Kijun crossover.
Market Landscape: Is Bitcoin (BTC) leading, followed by altcoins?
Bitcoin is currently trading at around $118,500, after a 20% rise in July.
The price stabilizes $ETH
Above $3,760, while BTC dominance is declining - indicating a shift in capital flows to large-cap altcoins.
XRP is currently trading at $3.55, after rising by 50% over the past week.
📌Summary: Is the price of XRP $10 "already on the table"?
If the price of Bitcoin exceeds $120,000 and heads toward $144,000 as Dr. Kat expects, then Ripple (XRP) targets between $4.5 and $6 and $10 are entirely plausible according to the Ichimoku-Fibonacci pattern. Conversely, if the price of Bitcoin weakens, the bullish prospects for Ripple will significantly diminish.
"The optimal profit-taking level is below 7,600 satoshis - are you willing to risk losing 10 times unrealized profits just to gain 0.7x?" - Dr. Kat shared, demonstrating his sobriety in risk management.
⏳ The critical moment will be later this month. The closing of the monthly candle will confirm whether XRP has entered a new super-growth cycle. Until then, all eyes are on Bitcoin's behavior... and closely monitoring the Ichimoku chart.
