Ripple (XRP) Poised for Significant Upside Move as $10 Milestone Comes Within Reach

Ripple (XRP) has been making notable strides in recent weeks, demonstrating a strong upward trajectory that has caught the attention of investors and analysts alike.

Ripple (XRP) price surged over 20% last week, as the token showed strength despite the broader cryptocurrency market entering a recovery phase. At the time of writing, XRP price trades at $2.78, reflecting a strong surge of 10% in the last 24 hours.

The token’s price movement comes as Bitcoin price breached the $50,000 level for the first time in several weeks. This move appeared to have pushed up the prices of several major altcoins, including XRP.

The token’s price is now closing in on its highest level since April, when XRP briefly surged past the $3 mark. However, the token’s price quickly fell back after failing to gather enough momentum to sustain the rally.

But, XRP price has shown strength over the past few weeks, outperforming several other major altcoins and maintaining its place among the top 10 cryptocurrencies by market cap.

The token’s resilience stood out during a period of market turbulence, where many major altcoins faltered and lost their steam. XRP, on the other hand, managed to maintain its strength and continue moving upwards.

Crypto analyst Javon Mark expressed an optimistic outlook on XRP’s prospects, emphasizing that the cryptocurrency is currently in a “breakout” phase. According to Mark, XRP is undergoing a retest, a common technical pattern in which the price revisits previous levels of support before continuing its upward trajectory.

He suggests that once this retest is complete, XRP could see a major price run that could push it towards its all-time highs (ATHs), potentially even breaking past the $10 mark.

This optimistic prediction is grounded in the current technical analysis, which shows XRP holding strong amid market volatility. As investors look for reliable assets to weather the market’s fluctuations, Ripple’s resilience and upward momentum make it a key player to watch in the coming weeks.

The combination of market recovery, a favorable technical setup, and the overall strength of XRP’s performance suggest that Ripple may be gearing up for a new phase of price discovery. As the cryptocurrency market continues to mature and investor confidence builds, XRP’s potential to reach new highs looks increasingly likely, with the $10 milestone no longer seeming like a distant dream.