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06/23 18:51Bullish

XRP to $10 in the Next 11 Months Not Impossible

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XRP to $10 in the Next 11 Months Not Impossible XRP is trading within a large rounding bottom on the weekly timeframe, and a breakout could push its price into double digits. After a good start to the week, XRP has begun trending lower again. Over the past 24 hours, it has corrected by almost 2%, dropping from its intraweek high of $1.16 to the current price of $1.11. Still, chart analysis shows that XRP remains on course for an outsized upward move, one that could take its price to unprecedented levels. Looking at the weekly chart, we can see a large rounding bottom structure that XRP has strictly followed for months now. Since its July 2025 all-time high of $3.66, the coin has consistently aligned itself to the first part of this classic U-shaped pattern, making lower highs and lower lows. Notably, the rounding bottom is a long-term reversal pattern, where momentum gradually shifts from bearish to bullish. Prices trend lower to the shape’s bottom, then bearish exhaustion kicks in. From the bottom’s support, bulls start to gain strength, pushing the asset higher to fill up the curve. What follows is a breakout to new heights. Currently, XRP is at the bottom of this shape around the $1.10 support level. Notably, this aligns with a major area during the 2021 cycle where prices repeatedly faced rejection before breaking above in November 2024. Holding this support is crucial as it not only validates the rounding bottom pattern but also prevents prices from crashing to lower levels.

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