XRP (XRPUSD) has seen an impressive 15% surge over the past week, climbing from a low of $1.61. Market analysts now believe that if the price can close and hold above the critical $2.20 resistance level, it could mark the beginning of a new bullish chapter—potentially pushing XRP into double-digit territory.
Key Resistance: XRP Must Reclaim $2.20
Following a broader crypto market recovery—largely driven by U.S. President Donald Trump’s recent announcement of tariff exemptions on various tech products—traders are growing increasingly optimistic about XRP’s short- and long-term trajectory.
Well-known crypto analyst DOM highlighted a key bounce from the $1.96 support level, where XRP reclaimed a major value zone near $2.00—first established back in December 2024.
“Right now, $2.20 is the only level that matters,” DOM wrote in a recent post on X (formerly Twitter), noting that a breakout above this mark could trigger a run toward $2.50 and beyond.
Charts shared by DOM also point to XRP reclaiming the election VWAP (Volume Weighted Average Price) at $2.03, further reinforcing the bullish structure.
“As long as $2.00 and the election VWAP hold as support, this chart remains very constructive,” DOM added.
Strong Support Building at $2.10
Another crucial level is forming around $2.10, which aligns with XRP’s 100-day Exponential Moving Average (EMA). According to liquidation heatmaps, a dense liquidity zone is building here, increasing the likelihood of a short-term pullback—or even a liquidity sweep—before the next major leg up.
Can XRP Reach $10—or Even $20—by 2025?
With bullish momentum building, crypto analyst Maelius believes XRP could be gearing up for a massive move—targeting $10 as a realistic milestone, and $15 to $20 as an optimistic stretch goal.
Using Elliott Wave Theory on the weekly chart, Maelius suggests that XRP is currently finalizing its fourth wave (W4) before launching into a final fifth wave (W5).
“If we repeat the 2017 pattern, W5 could realistically target $10 by year-end,” Maelius explained.
He also pointed out that the Relative Strength Index (RSI) is mimicking the 2017 cycle, showing signs of overbought conditions that typically precede explosive moves.
Interestingly, Maelius adds that there’s a chance the third wave (W3) isn’t fully completed yet—indicating a potentially extended bullish cycle.
“If W3 is still in progress due to longer accumulation compared to 2017, we could see W5 peak sometime in Q1 or Q2 of 2026, with XRP possibly hitting $15–$20 or more,” he said.
Elliott Wave Signals Still Pointing to Bull Market
Fellow analyst XForceGlobal shares the sentiment, saying XRP remains in a strong long-term uptrend, especially when viewed through the lens of Elliott Wave theory.
“With both technical indicators and wave theory aligning, we’re likely headed toward all-time highs—at the very least,” he noted.
Additionally, analysts at Cointelegraph have reported that XRP’s price is forming a symmetrical triangle pattern, which often precedes a significant breakout. If the pattern plays out, XRP could potentially climb past its previous all-time high of $3.50.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry risk, and readers should conduct their own research before making any investment decisions.