Crypto: Record accumulation of XRP revives the $10 scenario

The apparent calm of XRP could well hide a major turning point. While its price evolves without clear momentum, accumulation signals are multiplying and several technical readings suggest a phase of strategic preparation. Analysts see the beginnings of a major movement, with ambitious price targets and critical thresholds under close surveillance. In a market looking for a catalyst, Ripple's asset returns to the center of speculative play.

Discreet accumulation and converging bullish projections

While XRP could target $1.95, it was moving without a clear direction on Friday, in a hesitant market despite increasing buying pressure. Over the whole week, the crypto lost almost 1%, illustrating a phase of consolidation while operators remain waiting for a clear directional signal.

Despite this sluggish dynamic, several analysts evoke significant accumulation and put forward structured bullish scenarios:

• XForceGlobal, an analyst followed for its Elliott wave readings, estimated that the market is preparing a major movement: “XRP: everything is falling into place… Return to test the all-time high, complete retracement of the range zone, then $4, $5, $10 and more… next step? »;

• The analyst projects progressive targets between 6 and 10 dollars in the short and medium term;

• Javon Marks highlights a longer-term technical structure after a major chart breakout: “the theoretical objective of XRP's measured movement above $15 remains unchanged! The breakout occurring at the end of 2024 suggests a new x10 (i.e. more than 900% increase) up to these price levels”;

• He maintains a target above $15 and mentions a theoretical progression exceeding 900% from current levels.

Critical supports and long-term indicators under surveillance

Other technical readings focus on areas of support that can frame volatility. Ali Charts takes a more cautious approach by identifying a potential bottom: “XRP could find a support level along the hypotenuse of the triangle, between $0.90 and $0.60”. This zone would form a technical base capable of absorbing possible short-term selling pressures.

Another point of attention is the 200-week exponential moving average, a historical indicator of major reversals. Analyst Chartnerd wonders about the outcome of the next test of this key level for Ripple's crypto, already decisive in previous cycles: will the current configuration recall the bearish signal of 2022 or the opportunity observed in 2024? He specifies that a market scenario in line with expectations would involve crossing $2: if March goes as planned, with a rally above this threshold, the period could become a real decisive moment for operators.

The next movements will be decisive in validating the current technical scenarios. In a market looking for direction, XRP price is decoupling from bitcoin and attracting renewed attention. This dynamic could reshape the balances in the short term.