CAN XRP PRICE HIT $10?

XRP's current price is $2.28, and analysts believe it has the potential to hit $10 in the long term. Here's what's driving this optimism :

Bullish Pressure: XRP is showing signs of bullish pressure, with some analysts predicting a potential breakout. This is backed by a surge in trading volume and open interest in XRP futures contracts, which has risen to $1.5 billion.

Stablecoin Growth: Ripple's stablecoin, RLUSD, has seen its market cap jump from $310 million to $450 million in just two weeks. This growth could boost demand and visibility for XRP.

Technical Analysis: XRP's six-year consolidation period mirrors the pattern that led to its dramatic surge in 2017. Analysts believe that extended consolidation phases often precede explosive moves.

Key Levels to Watch:

-Support: $2.05-$2.10

Resistance: $2.30-$2.40

Long-term Target: $7.50-$10

Challenges Ahead:

- Momentum Needed: XRP will need stronger momentum and positive market conditions to reach $10.

Market Sentiment: External factors like legal decisions and regulatory actions continue to impact XRP's price dynamics#GENIUSActPass #FOMCMeeting #xrp $XRP