XRP Forms V-Shape Pattern, Eyes Breakout to $10–$15

What does XRP’s V-Shape Pattern Have in Store?

Market analyst Joa believes that after dipping to $2.97, XRP staged a strong V-shaped rebound, signaling bullish momentum. Therefore, holding above $3.17 could ignite a breakout past $3.30.

Joa believes that this swift bounce signals renewed bullish momentum that could propel XRP higher provided it holds the key support level of $3.17.

XRP had briefly plunged to $2.97 earlier this week amid broad crypto market volatility, shaking out weak hands. However, buyers quickly stepped in, reversing losses with aggressive bids that lifted XRP back above $3.20 within hours. 

This V-shaped pattern, a formation typically associated with strong reversals, has strengthened bullish sentiment around XRP’s short-term trajectory.

At the time of this writing, XRP was trading at $3.16, representing a 2.4% increase in the past 24 hours.

Therefore, if XRP can maintain support above $3.17, this confirms the V-shaped recovery and sets the stage for a breakout above $3.30.

Furthermore, a decisive move past $3.30 could expose higher resistance levels around $3.50 and potentially retest the all-time high (ATH) of $3.65 recorded earlier this month.

On-chain data supports this bullish outlook with Coinglass reporting that XRP’s open interest remains elevated, showing a 142% increase over the past month. 

This suggests that traders are still actively positioning for further price movements, with long positions gaining traction post-rebound. 

Will XRP Soar to the $10-$15 Zone?

According to technical analyst XRPunkie, “XRP went from $1.95 to $3.65, up 92% in 30 days. We just had a 16% pullback. It’s a healthy correction. Nothing out of the ordinary in crypto. Sit back, chill and relax. Let it bottom out and we should be on our way to much higher prices real soon. $10-$15 is still in play.”

While the $10 to $15 zone is a stretch from current levels, the confluence of bullish technicals, renewed market interest, and macro tailwinds makes that target realistic over the medium to long term, especially in a strong crypto bull cycle.

Conclusion

With momentum building and sentiment turning bullish, XRP’s price action in the coming days could determine whether the asset breaks through $3.30 or slips back into consolidation. For traders and investors alike, all eyes remain on the $3.17 pivot with the $10-$15 range still in play in the long run.