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Can XRP Reach $10 by August? Analyst Sets Bold Price Target Based on RSI Data

Munene Timothy by Munene Timothy
April 16, 2025
in Binance Feed, Market
Reading Time: 3 mins read
Can XRP Reach $10 by August Analyst Sets Bold Price Target Based on RSI Data
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  • XRP’s RSI resembles 2017 patterns, potentially suggesting a major rally with a peak forecasted for August 25, 2025.
  • Major resistance is at $2.22–$2.49, with EMAs and liquidation zones needing to break for further upside.
  • Elliott Wave and “Batman” pattern suggest XRP could enter a strong bullish phase, targeting $10 or even $20.

Ripple’s XRP could see a rise this year, with projections pointing to a $10 target. According to Discover Crypto’s Deezy, technical signals and historical patterns may lead to substantial gains. One key indicator is the RSI, which previously topped twice before an XRP rally in 2017. 

Notably, a similar RSI pattern is forming again. If XRP follows this movement, it may peak 287 days after entering overbought levels, placing a potential top around August 25, 2025. This estimation is based on previous cycle behavior and not speculation.

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Key Price Levels 

Before XRP can aim for $10, the asset must recover key technical levels. Currently, XRP is reacting to broader market fears, including EU tariff uncertainty. The S&P 500 has dropped significantly, and XRP’s five minute timeframe shows poor performance. 

Deezy noted that XRP is struggling near a crucial trendline and remains inside a tight trading range. He warned that leveraged longs could face a flush before any upside. On the daily timeframe, XRP previously bounced off the bottom of its channel. 

According to Deezy, this bounce may lead to a bullish reversal if XRP holds support. However, he emphasized that the asset must surpass major exponential moving averages before rising further.

Moving Averages and Heat Maps 

Further, he notes the 50 day and 100 day exponential moving averages as major resistance levels. According to liquidation heatmaps from Binance, XRP has large liquidation clusters around $2.22 to $2.25. These levels often act as price magnets. Additionally, the 100 day EMA shows interest near $2.49, showing another obstacle.

Deezy pointed out that traders should watch these zones, as they align with common liquidation patterns. A breakout beyond these areas could clear the way for more upside. However, until then, XRP must prove strength by breaking these resistance zones convincingly.

Elliott Wave and “Batman” Pattern 

Deezy also referenced the Elliott Wave theory, citing crypto analyst Malleus. The theory, first developed in 1934, outlines a five wave pattern. Based on this model, XRP is in wave four correction and may soon enter wave five, the strongest bullish phase. If accurate, this could push XRP to $10 or even $20.

Adding to this, Deezy noted an inverted head and shoulders pattern, shaped like a cat symbol on TradingView. Measuring from the neckline to the “Batman ear” projects a short term target near $2.56. This pattern must confirm before any broader rally continues.

Tags: Price AnalysisRipple (XRP) News

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