XRP Price Mimics Bitcoin as Analyst Predicts Move to $10 Target

Key Insights:

• XRP price is approaching a breakout above its 2021 trendline, mirroring Bitcoin’s confirmed breakout above long-term resistance.
• Bitcoin broke its multi-year resistance, signaling continued bullish momentum.
• Analyst chart suggests XRP price could rally to $10 if it follows the same breakout structure.

XRP price became of interest to the technical analysts when a chart comparison indicated that it might repeat the Bitcoin breakout pattern. The altcoin has been in an upsurge over the past week and is still staying above crucial ranges on a daily and weekly basis.

Analysts predicted XRP price will see a short-term rise towards the $4-$5 target, with some predicting a rise to as much as $10 by the beginning of September.

XRP Price Technical Structure Mirrors Bitcoin Breakout

Market analyst Steph Is Crypto tweeted a comparative chart on X displaying how XRP price monthly chart coincided with the recent breakout BTC pattern. The chart analyst indicated that BTC/USD was snapping out of the old resistance of the 2021 high.

On the other side, XRP/USD on the right panel observed a close diagonal trendline, which indicated the possibility of a breakout.

Bitcoin price already broke out above $119,000, having spent years consolidating before dipping a little bit to $117,000 at press time.

XRP price, on the other hand, is positioned just below a comparable resistance that extends from its 2021 cycle high.

According to the chart, XRP price movement is tracking Bitcoin’s prior pattern, suggesting that a breakout above this level could set the stage for a similar rally. XRP price chart showed the post-breakout zone with a projected move toward the $10 range.

Analysts Expect $4 to $5 in the Near Term

More so, in a recent YouTube video, an analyst outlined a bullish scenario, stating that XRP price has begun to “turn the corner.” According to analyst Zach Rector, XRP price closed the previous weekly candle above $3.24, a key Fibonacci level identified as resistance in earlier sessions.

This move is interpreted as a confirmation that downside pressure has diminished and that a reversal is underway.

The same analyst predicted a move to the $4–$5 range within a short timeframe, potentially before August 12. The analysis used cycle timing tools and Elliott Wave Theory.

It suggested that Wave 3, often the most powerful phase, may now be starting.

Additional projections extended toward $7 to $15 by September 7, according to the analyst. The upper targets are derived from both Fibonacci extensions and historical wave analysis.

Anchored to previous XRP price cycle peaks, the forecast window outlines potential targets through early September. The analyst also noted that the broader cycle may continue into November or December.

Institutional Flows and Regulatory Catalysts

XRP price current momentum is also being influenced by the broader macro and institutional developments. The analyst referenced the ongoing influence of the GENIUS Act, which mandates strategic evaluation of digital assets.

According to commentary, XRP is included in a short list of assets mentioned in U.S. federal documents related to feasibility studies for crypto reserve infrastructure.

Payment infrastructure is also evolving. A recent rollout by PayPal included a crypto payment method designed to reduce international transaction fees by up to 90%.

The service allowed payments using over 100 cryptocurrencies and is already live across multiple platforms.

Notably, XRP is among the supported assets, creating additional utility and exposure.

On-Chain Distribution and Escrow Activity

On-chain activity around XRP continued to show controlled distribution. Ripple is expected to unlock 1 billion XRP from escrow on August 1, as part of its monthly schedule.

Historically, between 700 million and 800 million of these tokens are returned to escrow. With the remaining 200–300 million sold through over-the-counter (OTC) transactions.

Unlike token unlocks from other networks, XRP’s releases are managed through institutional partnerships that do not involve exchanges. The OTC transactions minimize the chances of the occurrence of XRP price volatility.

Relatively, the analyst pointed out that XRP had a steady institutional demand since Q3 2019. Hence, the capacity to sell significant volumes without any interference in the price levels is a structural benefit that can underline further upward movement.