
Jakarta, Pintu News – Ripple is back in the spotlight after several crypto analysts predicted that the current price movement resembles the pattern of the great rally of 2017. With the current price hovering around $2.56 or around Rp42,519 (exchange rate of $1 = Rp16,618), the potential rise towards the psychological mark of $10-$20 (Rp166,000 – Rp332,000) is increasingly being discussed.
Growing institutional support and a strong technical structure make XRP one of the resilient altcoins that is closely monitored by the market.
According to a report from NewsBTC, institutional interest in Ripple (XRP) has surged sharply in recent weeks. One XRP-based investment product has reportedly attracted more than $115 million in funds in just a short period of time.
In addition to ETFs, some companies have also started to make XRP part of their treasury reserves. One company is even said to be raising more than $1 billion (IDR 16.6 trillion) to buy XRP directly. This shows that XRP is no longer just being bought up by retail investors, but is also starting to be chosen by large institutions.
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Technical analysts monitoring XRP’s price movements are seeing movement patterns that closely resemble the early phase of the 2017 rally. Based on Elliott wave analysis, XRP is currently said to be at the beginning of Wave 3, which historically has often been the point of the biggest price spikes in crypto market cycles.
Strong support is still maintained in the $2.50-$2.60 (IDR41,545-IDR43,207) area. If XRP manages to break the critical resistance at $2.70 (IDR44,868) and hold it, analysts expect the upward momentum to further explode and send XRP to double-digit dollar levels.
As more XRP is absorbed by institutions and long-term investment products, circulation in the retail market is increasingly limited. This phenomenon is known as supply constraint, and according to analysts, it could be a key driver of the next price spike.
This concept previously proved effective in the case of Bitcoin , and now Ripple (XRP) is also starting to enter the same narrative. If inflows from institutions continue while supply is limited, then buying pressure could push XRP prices much higher from where they currently stand.
Some crypto analysts who follow XRP closely are giving very optimistic predictions. One scenario states that if technical and fundamental conditions go hand in hand, XRP could rise towards the $10-$20 level, or around Rp166,180 – Rp332,360.
However, as stated in the NewsBTC article, this scenario is not without risk. There is still selling pressure fromwhales and the momentum indicators have not fully converged. If the volume of transactions does not increase significantly, then a short-term pullback or correction remains possible.
Aside from the support from institutions, other factors that the market is monitoring are the news surrounding the XRP ETF, the activity of companies using XRP for bookkeeping, as well as the growth in real-world usage of the XRP Ledger.
According to market observations, if XRP manages to break the $2.70 level, then the next target is $3 (IDR 49,854) and so on. Conversely, if the breakdown occurs below $2.50 (IDR41,545), then the market will likely enter a consolidation phase again. This is an important metric that many analysts and the global cryptocurrency community are currently paying attention to.
With a combination of interesting technical patterns, institutional inflows, and scarce supply, Ripple (XRP) is one of the most talked-about altcoins right now. While short-term risks remain, current data suggests that XRP is on a similar path to the 2017 bull cycle. It is worth monitoring whether this grand narrative actually materializes, or is again delayed by global crypto market volatility.
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