XRP News Today: XRP Price Mimics Bitcoin as Analyst Predicts Move to $10 Target

XRP’s price movement has drawn parallels to Bitcoin’s recent breakout, with analysts suggesting the altcoin could follow a similar trajectory toward a $10 target. Technical indicators show XRP approaching a critical resistance level aligned with its 2021 highs, mirroring Bitcoin’s confirmed breakout above multi-year consolidation. Market analyst Steph Is Crypto highlighted this correlation through a comparative chart, noting that both assets are positioned at pivotal junctures where a sustained rally could trigger further momentum [1]. XRP’s weekly and daily price action remains above key ranges, reinforcing optimism among traders tracking its performance.

Analyst projections for XRP vary but emphasize short-term bullish potential. Zach Rector, a prominent figure in crypto analysis, outlined a scenario where XRP’s price could surge to $4–$5 by late August 2025, driven by a confirmed break above $3.24—a key Fibonacci level previously acting as resistance. Using Elliott Wave Theory and cycle timing tools, Rector suggested Wave 3, typically the most powerful phase in market cycles, may now be underway [1]. More ambitious forecasts extend to $10 by early September 2025, contingent on XRP replicating Bitcoin’s breakout structure. These projections, however, remain speculative and hinge on sustained buying pressure and institutional support.

Institutional developments are shaping XRP’s broader context. The GENIUS Act, a U.S. legislative proposal for evaluating digital assets, indirectly benefits XRP by positioning it among assets under scrutiny for potential regulatory clarity. Meanwhile, PayPal’s recent expansion of crypto payment options—which includes XRP—has added utility for the token. The service allows users to transact with over 100 cryptocurrencies, reducing international transaction fees by up to 90%. XRP’s inclusion in this initiative underscores its role in cross-border payment infrastructure, potentially driving adoption and institutional demand [1].

On-chain activity also supports a controlled price environment. Ripple’s scheduled release of 1 billion XRP tokens in early August follows a pattern where approximately 700–800 million tokens are returned to escrow, with the remaining 200–300 million sold via over-the-counter (OTC) transactions. Unlike token unlocks on other networks, XRP’s OTC sales are managed through institutional partnerships, minimizing exchange-based volatility. Analysts have noted that this controlled distribution has supported steady demand since Q3 2019, enabling large-volume sales without destabilizing price levels [1].

While the $10 target represents a significant upside, achieving it requires overcoming technical resistance near $3.66 and aligning with broader market sentiment. Bitcoin’s fluctuation around $118,000 has set the tone for risk-on behavior in crypto, with XRP acting as a proxy for macroeconomic trends. However, the token faces competition from high-throughput chains like Solana and meme coins, which have drawn mixed attention in July 2025. XRP’s success will depend on maintaining relevance amid a fragmented altcoin landscape [1].

Critically, these forecasts are forward-looking and not guarantees. Market volatility, regulatory shifts, or unexpected macroeconomic news could alter XRP’s trajectory. Investors are advised to treat analyst predictions as part of a broader analytical framework rather than definitive signals. The interplay between technical patterns, institutional activity, and macroeconomic factors will ultimately determine whether XRP’s price mirrors Bitcoin’s bullish momentum.

[1] Source: XRP Price Mimics Bitcoin as Analyst Predicts Move to $10 Target (url: https://www.thecoinrepublic.com/2025/07/29/xrp-price-mimics-bitcoin-as-analyst-predicts-move-to-10-target/)