XRP Surges 15% Amid Tech Tariff Exemptions, Analysts Predict Double-Digit Gains

XRP, the cryptocurrency, has seen a 15% increase over the past week, rising from a low of $1.61. Technical analysts are optimistic that a sustained recovery with a daily close above $2.20 could signal a strong trend reversal, potentially pushing the price into double digits. This optimism comes on the heels of a relief rally in the cryptocurrency market following the announcement of tariff exemptions for various tech products by the US President.

Analyst DOM highlighted that XRP's recent retest of support at $1.96 allowed it to regain a key "value area" above $2.00, established in December 2024. DOM noted that $2.20 is now a critical level, and a decisive move above this point could lead to a rise toward $2.50. The price has also reclaimed the election VWAP (Volume Weighted Average Price) at $2.03, suggesting further potential gains. DOM's accompanying chart indicated that if $2.00 and the election VWAP remain as support, the chart looks very constructive.

XRP's immediate support at $2.10, which is also the 100-day exponential moving average (EMA), is particularly important. A wall of bid liquidity is building around this level, suggesting that a retest of support and a liquidity grab here is increasingly likely in the short term.

Following the recent recovery in XRP price, an anonymous crypto analyst known as Maelius predicted that the altcoin could reach $10 and an “optimistic” target of between $15 and $20, according to the Elliott Wave Theory on the weekly time frame chart. Maelius' conservative case assumes that XRP has completed its W3 and is currently in the process of finalizing W4 before expanding to a final W5. The price action and RSI are mirroring the 2017 cycle, with the RSI topping out in the resistance area, suggesting overbought conditions. If the current cycle repeats, Maelius predicts XRP could reach a W5 target of around $10 toward the end of the year. The conservative assumption is for a magnitude of W5 to replicate that of W3, thus targeting $10.

Maelius also argued that there is a possibility that the W3 top is not in just yet, given a larger accumulation period compared to the 2017 cycle in terms of both price and the RSI. If it is taking longer this time, Maelius expects the RSI to retest the resistance to confirm the completion of the third wave. The Elliott Wave count would be in line with the previous cycle, with a longer fourth wave within the third wave as before. In such a case, the final W5 top could easily get prolonged to Q1-2 of 2026, with higher targets than in the conservative case, likely in the range of $15-$20 or even higher.

Fellow analyst XForceGlobal noted that XRP is still in a “major bull market,” with its price action standing out dramatically from the rest of the crypto market from an Elliott Wave Theory perspective. XForceGlobal suggested that if all ideas align with even simple technical analysis, there is a very good chance that XRP could reach all-time highs at the very minimum expectation. This aligns with the symmetrical triangle pattern observed in XRP, which suggests a possible rally to new all-time highs over $3.50.