Analyst Says XRP Will Soon Breakout Towards $10. Here’s why
XRP’s price compression has reached a decisive stage, with the technical structure tightening around a key historical level.
Crypto analyst CryptoBull (@CryptoBull2020) shared a weekly chart showing the asset pressing against intersecting trendlines while holding a critical support zone formed after a major breakout in 2025.
He stated that XRP has completed a “perfect retest of the July 2025 breakout.” The analyst also noted that the “end of apex this week” could lead to a breakout in the following weeks. His projection places XRP on a path toward $10.
#XRP perfect retest of the July 2025 breakout. End of apex this week. Next week breakout and then onwards to $10. pic.twitter.com/kGuG58tnNj
— CryptoBull (@CryptoBull2020) March 7, 2026
July 2025 Breakout Level Holds
The chart highlights a significant breakout that occurred in July 2025. XRP pushed above a descending resistance line that had controlled price movement for months. That breakout culminated in the asset’s all-time high of $3.65. It also created a strong structural level that now acts as support.
Recent price action shows XRP returning to that exact area. The asset tested the breakout zone while moving inside a tightening wedge pattern. This type of structure often appears when markets consolidate before a directional move. The weekly candles show XRP respecting both the descending resistance and the lower trendline support. It now trades directly near the apex where those lines converge.
CryptoBull’s chart places a highlighted circle around this compression zone. The structure suggests that price has reached the final stage of consolidation after the earlier breakout.
Apex Compression Signals Possible Expansion
The apex occurs when converging trendlines force price into a narrow range. Volatility usually declines during this stage. Once the price exits the pattern, volatility typically returns quickly. CryptoBull emphasized that the pattern now sits at its conclusion. His post states that hitting the apex this week could precede a breakout attempt.
The chart shows a descending white resistance line that currently caps the latest price action. A horizontal support level intersects near the same area. XRP trades directly at this intersection. If buyers push through the descending resistance, the breakout would confirm a move out of the compression structure.
XRP: Path Toward the $10 Target
CryptoBull’s projection focuses on the next phase following a confirmed breakout. In his post, he stated that after the breakout, XRP could begin a run toward $10. The $10 level aligns with projections based on previous market cycles and extended trend expansions.
The weekly chart structure supports a strong move if resistance breaks. XRP has earlier established higher price zones. A breakout from the apex would open space above the current consolidation for a quick upward move.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Nvidia falls to its lowest valuation in 14 years! "Super bull" Tom Lee calls for bottom fishing, retail investors are buying more as it drops, but Wall Street is divided
After the market opened on Thursday, retail investors went against the trend and bought up Nvidia, with net purchases reaching $111 million in just half an hour, setting a record for the same period. Investors such as Tom Lee have publicly supported the company, with institutions optimistic about strong order backlogs extending to 2028, robust revenue growth, and opportunities created by declining valuations. Meanwhile, institutions like Bernstein and Goldman Sachs have become more cautious about Nvidia's outlook, with concerns focusing on management succession and technological leadership following Jensen Huang's departure.
Jane Street boosts Fidelity Bitcoin ETF stake 8x in Q3, trims BlackRock IBIT
From SpaceX to Anthropic, the market has new strategies for dealing with tech giants' IPOs
The market's response strategies to major listings are currently centered around "index inclusion expectations": the new regulations allow mega IPOs to be included in the six major indices within 15 days, triggering concentrated buying by passive funds. Investors are positioning themselves in advance and using options to hedge and amplify buying power. However, Anthropic has a free float of only about 6%; shares available for sale by employees on the first day and privately placed shares with no lock-up period may create supply pressure. On the other hand, index arbitrageurs are facing a rare opportunity.
Nvidia Q3 Earnings Preview: Revenue Expectations and Key Metrics to Watch
Crypto prices
More
