XRP News Today: XRP Targets $10 as Bullish Reversal Signals Gather Strength

XRP, the cryptocurrency associated with Ripple, is poised for a significant rebound, according to crypto analyst Captain Redbeard. The analyst recently declared on X that XRP is ready to bounce from its current price of $2.18, with a target of $10. This bold prediction comes as XRP shows early signs of a bullish reversal, holding strong above key technical levels.

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, known as the “golden ratio,” is widely recognized in technical analysis as a prime area for trend reversals. Additionally, the 200-day Exponential Moving Average (EMA), which sits just below at around $2.00, is providing dynamic support. In the chart shared by Captain Redbeard, XRP appears to be forming a double bottom, a classic bullish reversal pattern, right above this support band. This structure, if confirmed by a breakout above $2.40–$2.50 resistance, 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, while buying volume is 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.