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Ripple News: Analyst Projects XRP $XRP Price Could Hit $10 After Pullback XRP Price May Surge to $10 if Market Conditions Mirror 2024 Breakout, Analyst Warns

XRP $XRP price may be preparing for a sharp upward move, according to Dennis Liu, a well-known investor and host of the VirtualBacon podcast. In his latest market analysis, Liu shared that the Ripple-backed token could surge toward $10 in the coming months if technical patterns and market catalysts align. XRP is currently trading around $2.30, down more than 30% from its recent peak.

XRP/BTC $BTC Chart Shows Rounded Top and Value Zone Formation Liu noted the rounded top pattern that appears on the XRP/BTC daily chart. Resistance stands at 0.00003408, while support has formed at 0.00002200. Despite recent market conditions, the XRP/BTC pair has declined to the range of 0.000017 to 0.000019, signaling, in Liu’s opinion, that historical accumulation is beginning to occur.

The analyst drew comparisons to previous rallies where similar formations signaled major breakouts. For instance, a rounded top in late 2024 preceded a 500% surge in XRP price. Liu stated that the current consolidation may mirror those setups, with a potential recovery starting after further downward movement.

He presented two short-term scenarios. If Bitcoin remains in the $100,000 to $112,000 range, XRP could drop to $1.80. If Bitcoin rises toward $128,000, XRP may dip slightly or hold steady before resuming its climb. Liu described this zone as one where long-term buyers might begin reaccumulating XRP.

Ripple News Developments Add Support to Bullish Setup

Recent Ripple news supports the case for increased market interest in XRP. Ripple Labs ended its long-standing legal battle with the SEC earlier this year, which cleared regulatory concerns surrounding XRP. This outcome allows Ripple to expand its RippleNet banking partnerships across the U.S. and other jurisdictions.

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