XRP Price Prediction: Ripple Price to Break $10 in the Near Future!
Jakarta, Pintu News – A renowned angel investor and analyst believes that the current consolidation in XRP prices could be the calm before the storm, potentially triggering parabolic price movements.
He mentions that strong technical formations as well as certain fundamental factors can push prices higher if key conditions are met.
XRP Price Prediction: Analyst Explains Key Requirements for XRP to Break $10
As of May 27, XRP was trading at $2.3178, down 31% from its highest point this year.
In a post on the X platform, Dennis Liu – a renowned analyst and host of the VirtualBacon podcast – explained why he predicts the price of the Ripple coin to surge sharply in the next 3 to 6 months.
Liu referred to the daily chart of the XRP/BTC pair, which shows a rounded top pattern with the upside at 0.00003408 and the support level at 0.00002200. A drop below this support – which has now occurred – is expected to bring the price down further to the range of 0.000017 to 0.000019.
According to him, this zone is a value zone, as was the case with the Bitcoin-ETH pair in 2021 and SOL in 2023.
Interestingly, a similar pattern was also formed between June and November last year, which then triggered a 500% surge in XRP price between November and early December 2024.
According to Liu, there are two possible scenarios that could occur:
- Bitcoin Stays in the Current Range ($100,000-$112,000):
In this scenario, there is a risk that the price of XRP will drop by about 22% to the $1.80 level. - Bitcoin Rises to $128,000:
If this happens, the price of XRP may remain in its current range or drop slightly to between $1.80-$1.85. Liu argues that this is a good time tobuy the dip, as the potential spike could be as high as $10 – just as he predicted in 2022.
Fundamental Triggers for Ripple
Dennis Liu has identified five key fundamental factors that could potentially drive XRP’s price up in the near future:
- End of SEC Lawsuit
This year, the US Securities and Exchange Commission (SEC) officially ended its lawsuit against Ripple. This is an important milestone as Ripple Labs can now more freely engage banks in the United States to use the RippleNet product in its efforts to rival the Swift payment network. - CME Launches Futures Contract for XRP
CME (Chicago Mercantile Exchange) recently launched a futures contract for XRP and received a positive response from the market, signaling high demand for XRP-based financial products. In fact, VolatilityShares is already proposing an ETF that tracks XRP futures contracts – and most likely, other asset managers will follow suit. - Potential XRP Spot ETF in Canada
There are strong signals that Canada, through Purpose Investments, will approve an XRP spot ETF. According to prediction platform Polymarket, the chances of this approval are over 80%. JPMorgan estimates that the ETF could attract up to $8 billion in the first year of its launch. - XRP ETF Approval by SEC (US)
If the SEC in the United States also approves an XRP ETF, this will increase institutional investors’ access to the asset, ultimately driving demand and the price of XRP. - Ripple’s Stablecoin Business Growth
Ripple is getting serious in the stablecoin sector with its RLUSD token now having a market capitalization of over $315 million. In addition, Ripple is rumored to be in talks to acquire Circle – the company behind USDC. If this acquisition happens, Ripple will become the second largest player in the stablecoin industry, after Tether.
Read also: XRP vs. Solana: Peter Brandt Asks Which One Deserves a $100K Bet — The Crypto Showdown Is On!
With these five factors, Liu believes that XRP’s fundamentals are getting stronger and could push its price towards its long-term target of $10.
Can XRP Price Reach $10 in 6 Months?
Theoretically, the price of XRP could rise to $10 within six months as the required increase from current levels is about 335%. An increase of this magnitude is nothing new for XRP.
For example, XRP once surged nearly 500% between November and December following Donald Trump’s victory.
XRP has also recorded other large spikes, such as the 1,680% increase from its December 2019 low to its highest level in 2021. This means that if technical and fundamental factors go hand in hand, such a movement pattern could be repeated.
Overall, Dennis Liu believes that the XRP price will experience aparabolic move in the coming months, based on its historical performance.
However, before the big run-up happens, he expects there to be a sharp decline or panic crash phase first – which could be a buying opportunity before the big rally begins.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference:
- Coingape. Analyst Provides Timeline When to Buy XRP Before It Hits $10. Accessed on May 28, 2025
