XRP, 'super-large bull market' towards $10 foreshadowed... "Goes further than Bitcoin"

▲ XRP

XRP has shown strong technical signals across multiple timeframes, raising the possibility of a massive upward breakout. Some analysts have mentioned a scenario of a surge to the $10 level if conditions are met.

Crypto media outlet NewsBTC reported on April 25 that XRP's major technical structures and momentum indicators are improving simultaneously, increasing the likelihood of an upward breakout.

The most notable signal is the breakout of the Relative Strength Index (RSI) trendline. Crypto analyst JD explained that, based on the 3-day chart, the RSI has broken above the downtrend line that had been maintained for about a year. Generally, this kind of movement is interpreted as a characteristic seen in the early stages of a mid-to-long-term uptrend reversal.

Another key structure is the expanding falling wedge pattern. This pattern forms in a period of increasing volatility and often leads to significant price movements upon breaking the upper resistance. JD analyzed that if this structure is completed, a strong trend reversal and a large-scale rally could unfold.

However, short-term risks are also raised. JD mentioned the possibility of a 'hidden bearish divergence,' pointing out that a period of price fatigue could appear in the short term. This is interpreted as a complex structure where long-term bullish signals and short-term correction possibilities coexist.

Relative strength against Bitcoin is also cited as a positive signal. Another analyst, Javon Marks, explained that XRP is maintaining a strong breakout trend against Bitcoin, and significant gains have occurred in similar structures in the past. He also suggested the possibility of a more than 550% increase if the current pattern holds.

If all these technical conditions are met, a bullish scenario where XRP extends to the $10 range is projected. However, breaking key resistance and maintaining momentum are presented as prerequisites.

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