Technical Outlook on XRP Suggests Potential Breakout
Crypto market analyst CryptoBull has released a fresh technical outlook on XRP, drawing attention to a price structure supporting a move toward $9-10. The update, shared on X, quickly circulated among traders as it focused on XRP’s weekly chart rather than short-term market noise.
In his latest commentary, the analyst pointed to XRP’s multi-year price behavior as the foundation for the projection. According to CryptoBull, the asset’s extended consolidation and rounded recovery form a classic measured move structure. He explained that this setup reflects sustained accumulation and gradually improving participation across the market.
Significantly, XRP’s weekly chart displays a rounded base that formed after prolonged downside pressure. Such formations often indicate patience among long-term participants rather than speculative behavior. Moreover, recent upward movements have occurred without sharp volatility spikes.
Key Resistance Levels Shape Short-Term Expectations
Another major focus centers on a long-standing resistance zone near $2, which previously halted multiple rally attempts and attracted consistent selling pressure. As a result, analysts describe this level as decisive for validating the measured move scenario.
Additionally, price behavior near resistance has remained orderly rather than impulsive, with controlled pullbacks and higher lows suggesting sellers have not regained dominance. Consequently, analysts view sustained price acceptance above resistance as technically constructive.
Volume trends also play a role in shaping expectations, as trading activity steadily declined during the base formation, signaling reduced speculative interest. Recently, volume expanded alongside price advances, reinforcing analyst attention on continuation potential.
Analysts Balance Measured Move Logic With Market Constraints
Meanwhile, analysts examined how the $9–10 target was calculated, with the projection derived from measuring the depth of the rounded base formation. That value is then added to the anticipated breakout zone, following traditional technical analysis practices outlined by CryptoBull.
Several analysts agree that the calculation aligns with standard charting methodology, yet they also highlight multiple resistance zones between current prices and the projected range. The previous all-time high near $3.80 remains a significant psychological and technical barrier within that framework.
Additionally, price levels around $5 and $6 historically attract increased profit-taking activity, which shapes expectations around continuation strength. Hence, analysts emphasize the need for consistent volume expansion during any upward move, as rallies often lose momentum without strong participation.
CryptoBull also pointed to a possibility of a $122 long-term price projection, sparking broader discussion, with many analysts pointing to the valuation implications tied to such a move. As a result, market focus remains centered on near-term confirmation signals rather than distant projections that lack structural support.
Current sentiment around XRP reflects cautious observation rather than speculative excitement, shaped by measured technical assessment. Weekly closes, support retests, and volume behavior now dominate analytical focus as XRP trades within a technically decisive range.