Crypto analyst Javon Marks has indicated that the price of XRP is set to target $10 following a significant breakout. Marks pointed out that a recent nine-hour chart for XRP demonstrates a breakout that could trigger a continuation movement towards the $10 level.
Technical Analysis of XRP
Highlighting a bullish flag pattern, the analyst recalls a previous rally that supports such an expectation. However, reaching the $10 target may not be straightforward given its market capitalization. The likelihood of this scenario could change depending on how much support Trump offers to US-based crypto companies and payment infrastructure services like Ripple 
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“The breakout from this bullish flag for XRP triggered a significant rally by the year’s end.”
According to the analyst, XRP is expected to maintain its strong market trend. Mikybull Crypto also predicts that Ripple’s native cryptocurrency could reach $8 in this cycle due to its current upward momentum.
Key Price Levels
CasiTrades emphasized the next key levels to monitor for XRP’s price. They noted the importance of reclaiming the $3.24 price level, as well as the potential resistance at the $3.32 mark over the weekend. Analysts believe that XRP shows a positive outlook based on current market dynamics, which could enable the cryptocurrency to make significant movements.
XRP is tightly held within a triangle formation as market consolidation continues. Analysts express that a breakout from this formation could lead prices to significant levels. It is recommended that investors consider the breakout probabilities alongside the increasing trading volume, as historically, rising trend channels break upwards about 70% of the time.
To effectively track XRP’s future movements, investors may benefit from focusing on the defined levels.
