Will XRP Hit $10? Market Signals Show a Big Move Coming
XRP has gained 2.2% in the last 24 hours, reaching $2.46 per token as the crypto market recovers. However, analysts are questioning whether this rise is sustainable.
XRP’s Network Growth vs. Price Spike
While Ripple (XRP's blockchain system) is expanding, it hasn’t grown fast enough to justify this sudden price increase. The Network Value to Transactions (NVT) ratio has now hit its highest level since January 2020, according to Glassnode.
This suggests that while XRP's market value has surged, its network activity isn’t keeping pace. If network growth slows down, XRP could struggle to hold higher prices.
XRP Price Predictions: What’s Next?
Ripple recently launched its stablecoin, Ripple USD, to strengthen its ecosystem. The company has also expanded into the Middle East and secured major payment licenses in Dubai. These moves could help boost XRP’s long-term value.
A 590% Rally Last Time—Could It Happen Again?
Despite concerns, there’s reason to be hopeful. Back in 2021, when XRP's NVT ratio reached similar levels, the price skyrocketed by 590% in just five months.
If history repeats itself, XRP could surge past $15.
Currently, XRP is finding strong support between $1.7 and $1.9. While prices seem to be consolidating, market momentum is building.
Key Levels to Watch
To break out of its slump, XRP needs to push past $2.65 in the next few days.
The Relative Strength Index (RSI) has been above its 14-day moving average since March 13, signaling a potential breakout.
The MACD indicator is also showing increasing bullish momentum.
Final Thoughts
XRP has seen big moves in the past, and the market setup looks similar to 2021’s explosive rally. If it follows the same pattern, XRP could soar past $10—and beyond.
Will it happen? Keep an eye on $2.65—a breakout here could be the start of something huge!
