XRP Eyes Massive Breakout as $10 Target Resurfaces

XRP is gaining renewed momentum as market analysts suggest the token could be on the cusp of a major breakout against Bitcoin. The latest technical developments have positioned XRP for substantial growth, with traders now eyeing the $10 mark once again as a realistic target.

According to leading crypto strategist DonAlt, XRP has successfully moved out of its prolonged trading slump, surpassing a significant resistance point that had held since early 2022. The XRP/BTC pairing recently pushed past the 0.000025 BTC threshold, and with its current placement around 0.000029 BTC, the token has ventured into price levels it hasn’t reached in several years.

This recovery could mark a critical shift for XRP, one that could carry the cryptocurrency through a 193% rise towards the next major resistance at 0.000087 BTC. Based on Bitcoin’s current valuation of $119,089, such an appreciation in XRP’s BTC pair would equate to a price of approximately $10.36 per coin.

Historically, XRP has been consolidating within a wide accumulation range between 0.0000065 and 0.000015 BTC, lacking any defined direction. However, this month saw a decisive upward break from that zone. The coin’s monthly candle is already showing a gain exceeding 40%, a sign of strong upward traction that has shifted market sentiment significantly.

These technical advancements could potentially create a favorable environment where capital starts flowing back into large-cap altcoins. As a well-established digital asset, XRP appears well-positioned to benefit from this shift in investor focus. Breaking into new high territory against Bitcoin adds to the optimism fueling XRP’s current rally.

Adding to the spike in interest is the growing speculation regarding a possible XRP ETF. Though such a financial product has yet to be confirmed, even the rumor of an ETF has proven sufficient to boost market confidence and drive attention toward the asset. The timing of this potential breakout couldn’t be better for increasing XRP’s exposure to new investors and institutional interest.

As things stand, XRP’s retreat from a prolonged period of stagnation has not gone unnoticed. With the token trading well above its former range and technical charts signaling sustained strength, the digital currency’s upward trajectory could continue if market dynamics remain favorable.

The resurgence in XRP’s performance reflects not just a temporary pump but a possible long-term structural change in its market pattern. Traders and holders alike are watching closely as the asset challenges previous barriers and potentially enters a new phase of sustained bullish activity.

Related: XRP Price: $12M Max Pain for Bears

If XRP maintains this momentum and achieves the projected BTC ratio, it won’t just be a major win for investors but could also reaffirm Ripple’s position as a central player among top-tier cryptocurrencies.