XRP Targets $10 with Strong Support at $2

Key Insights:

• XRP eyes $10, with strong support at $2 and $0.80, signaling future growth.
• Analysts project a potential surge to $3.41, driven by bullish momentum and key technical levels.
• XRP futures hit record $9B in volume, showing Wall Street’s growing interest and confidence.

XRP is attracting increasing attention as it continues its bullish rally, with analysts projecting the cryptocurrency could reach as high as $10. This comes amid growing interest from both retail investors and institutional players, suggesting that XRP has significant upside potential in the current market.

Support Levels Indicate Possible Continued Growth

Crypto analyst Patel points out that XRP has strong support at the $2 mark. If the price continues to stay above this level, this could act as a solid base for future growth. He also mentions that resistance is observed at $2.90, with a breakout above this point potentially leading to further gains.

Patel notes that the $0.80 level is another critical support point to watch. If XRP holds above these levels, a move toward $10 could become more realistic. XRP’s support levels indicate stability in its recent price action. Analysts see these levels as crucial for maintaining momentum in the current bull run.

Bullish Momentum and Key Price Targets

However, CasiTrades, another notable crypto analyst, is closely monitoring XRP’s price movement. He highlights the successful completion of the 618 Golden Retracement at $2.88 as a critical level for the asset’s potential surge. 

According to CasiTrades, this technical level could lead XRP toward a resistance target of $3.41, with a possible breakout if the price stays above the $2.88 support. If XRP can maintain support above $2.88, the path to $3.41 is now more straightforward.

As the price approaches these key levels, analysts are observing whether XRP can maintain its momentum. Breaking resistance levels such as $3.21 and $3.41 would provide further confirmation of the bullish trend.

Institutional Interest Surges in XRP Futures

XRP futures have gained significant traction on the CME, reaching a record $9 billion in notional volume. More than 251,000 contracts have been traded, representing about 12 million XRP over the next three months. 

According to X Finance Bull, these record numbers show growing institutional interest in the asset, even without a formal ETF approval. Wall Street’s involvement with XRP is apparent, reflecting growing confidence in its future.

The increasing involvement of institutional players further supports the notion that XRP’s price could see substantial growth. Investors are taking a more active role in XRP, which could further drive its value upward in the coming months.