XRP news today: XRP Price Pullback Nears End, Analysts Eye $10 Target

Analysts have highlighted $1.88 and $2.40 as critical levels for the XRP price during its recent pullback. These levels are seen as pivotal support and resistance points that could determine the future trajectory of the cryptocurrency. The $1.88 level is considered a strong support zone, where buying pressure is expected to increase, potentially halting further declines. Conversely, the $2.40 level acts as a resistance point, above which the price may continue to rise. Analysts are closely monitoring these levels to gauge the market sentiment and make informed predictions about the next moves in XRP's price action. The current price movements around these levels will be crucial in shaping the short-term outlook for XRP.

According to analyst XForce, the XRP price pullback is part of a larger bullish pattern, with the altcoin progressing through a Wave 2 correction. This correction phase is essential before an impulsive Wave 3 move, which could propel XRP to $10 before a minor retracement in Wave 4. XForce further projected that Wave 5 could drive the XRP price as high as $40. The analyst emphasized that the Ripple pullback is both expected and essential to complete the Wave 2 corrective phase, with the bottom likely in and XRP now entering Wave 3, the most impulsive and explosive stage in Elliott Wave theory. This move could push the Ripple price toward the $10 mark, supported by long-term technical structure.

Adding to the bullish sentiment, analyst Dark Defender pointed out that XRP is nearing an “extreme bull run.” He highlighted key Ripple resistance levels at $2.222 and $2.40, with major XRP price support at $1.8815. While the XRP pullback could stretch slightly lower, the broader cryptocurrency market is gearing up for potential volatility. Both analysts agree that technical indicators are signaling a strong bullish pivot, and if XRP holds above critical support, the rally toward double-digit territory could be imminent.

As the XRP price pullback stabilizes, investor sentiment remains cautiously optimistic. The macro structure, as outlined by analysts, continues to align with a bullish narrative. The XRP pullback may see a final dip toward support, but key XRP price indicators point to a breakout ahead. With increasing attention on Ripple resistance levels and strengthening crypto market conditions, momentum is building. Analysts reiterate that XRP price support near $1.88 is critical. If that level holds, the XRP pullback could soon give way to a powerful rally. Chart watchers now anticipate Wave 3’s breakout confirmation.

The XRP price pullback is nearing its final stage, according to analysts tracking macro patterns. Market participants are watching closely to see if the Ripple price can hold its support and trigger a rally. A deeper XRP pullback could still test $1.88, but upside targets remain firm at $2.40 and $10. The Ripple pullback is now seen as a healthy correction, not a reversal. With renewed strength in the cryptocurrency market, the XRP resistance level remains key. The coming days may deliver the answer to whether this Ripple pullback can fuel the next bull run.