XRP News Today: XRP Poised for Major Rebound as Technical Indicators and Market Developments Align

On July 10, a prominent crypto analyst, Captain Redbeard, issued a warning to XRP holders, predicting a significant rebound for the cryptocurrency. According to the analyst, XRP is poised for a major upward move, with a potential target of $10. This forecast is based on several technical indicators and market developments that suggest a bullish outlook for XRP.

XRP is currently consolidating above a crucial support zone between $2.00 and $2.10, which coincides with the 0.618 Fibonacci retracement level from its February–April rally. This level is widely recognized as a prime area for trend reversals in technical analysis. Additionally, the 200-day Exponential Moving Average (EMA), which sits just below at around $2.00, is providing dynamic support. The chart shared by Captain Redbeard indicates that XRP is forming a double bottom, a classic bullish reversal pattern, right above this support band. If confirmed by a breakout above $2.40–$2.50 resistance, this structure could mark the beginning of a major upward move.

Several technical indicators are reinforcing the bullish outlook. The Relative Strength Index (RSI) on the daily chart is gradually climbing toward the 60 level, showing a recovery in momentum after recent selling pressure. The Moving Average Convergence Divergence (MACD) is on the verge of a bullish crossover, further hinting that XRP could be preparing for a rally. Volume trends also support this view, with selling pressure declining significantly on recent dips and buying volume slowly picking up, suggesting accumulation by long-term investors. A clean break above the 0.382 Fibonacci resistance at $2.46 would likely confirm bullish control and open the way to retesting the $2.80–$3.00 zone.

XRP’s technical strength is being reinforced by favorable macro and fundamental developments. Ripple’s strategic advancements are boosting confidence in the long-term value of the XRP Ledger. Additionally, the growing global interest in real-world asset (RWA) tokenization plays directly into XRP’s core use case as a liquidity and settlement asset. Broader market sentiment has also improved, with the U.S. Federal Reserve signaling a more dovish stance and institutions showing increased appetite for digital asset exposure. These factors are creating a more supportive environment for altcoins like XRP.

While Captain Redbeard’s $10 target may seem ambitious, it reflects a growing belief among XRP proponents that a combination of regulatory clarity, institutional adoption, and network utility could eventually drive a massive rally. Historically, XRP has shown it’s capable of rapid parabolic moves under the right conditions, as seen in 2017 and again in early 2021. For now, XRP’s ability to hold the $2.00 support and break above nearby resistance levels remains the immediate focus. If bulls succeed, Redbeard’s forecast could mark the start of XRP’s next major leg up, and possibly its journey to a two-digit valuation.

Captain Redbeard’s decision to highlight the Buck Moon date implies he subscribes to this line of analysis, or at least considers it relevant in the current XRP environment. The timeline also aligns with projections from other analysts that XRP will soar in July. In lunar-based market models, full moons are sometimes viewed as pivot points that can coincide with price reversals or accelerations. A notable analyst recently predicted that XRP will hit the peak of the current cycle on July 21, and July 10 could be a pivotal date in that journey.

Another major development fueling excitement in the XRP community is the imminent conclusion of the legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC). Ripple CEO Brad Garlinghouse has announced that the company will drop its cross-appeal, and he expects the SEC to do the same. If the SEC drops its appeal before that date, the excitement and influx of new investors could easily send XRP to a new all-time high. Another well-respected analyst recently predicted that XRP’s performance in June and July will separate true believers from regretters who sold early.

While the reference to the Buck Moon adds an unconventional layer to the analysis, many additional bullish factors could help XRP reach new heights by that date. The Buck Moon, the full moon that occurs every July, has symbolic meaning related to renewal and growth cycles in nature, as it coincides with when male deer (bucks) begin regrowing their antlers. While traditional markets typically dismiss lunar phases as irrelevant to price action, certain communities within crypto continue to reference them as part of cyclical trading models.