Why Ripple (XRP) Price Could Reach $10 This Bull Run

A cryptocurrency analyst from the Crypto Jebb YouTube channel has shared his insights on XRP's potential price trajectory

A cryptocurrency analyst known as Jebb is sharing his thoughts on XRP’s potential price trajectory, suggesting that the digital asset could reach between $7.50 and $10.00 during the current market cycle.

With a subscriber base of 236,000, Jebb’s analysis delves into the transformations XRP has undergone over the past 14–15 months, especially after the initial resolution of the SEC case and increasing institutional interest in cryptocurrencies.

A Stick-in-Mud Chart and Historical Context

Developed by Ripple Labs under CEO Brad Garlinghouse, XRP was designed to revolutionize international payment processing and compete with SWIFT’s multi-trillion-dollar system.

The cryptocurrency’s journey has been marked by regulatory challenges, most notably the SEC case, which concluded favorably for Ripple in Q3 2023. This recent legal victory has substantially improved XRP’s market prospects.

The asset has historically displayed what Jebb describes as a stick-in-mud chart pattern, characterized by dramatic price spikes followed by significant corrections. Previous market cycles, particularly around U.S. presidential elections and Bitcoin price peaks in 2017 and 2020, have seen substantial XRP rallies.

However, the current market cycle shows a departure from historical patterns, with the XRP price rallying for 30 days after the election, independent of Bitcoin’s performance. This shift suggests growing confidence in XRP’s fundamental utility and value proposition.

Jebb also anticipates that future price corrections may find support at higher levels, potentially stabilizing between $1-2 rather than the previous $0.20-0.30 range.

XRP Price Targets and Growth Catalysts

In analyzing potential price targets, Jebb presents a conservative estimate of $4-5 for the current cycle, with an optimistic target range of $7.50-10.00.

These projections are supported by several growth catalysts, including Ripple’s expanding U.S. operations, increasing institutional adoption, and the possibility of future XRP ETF approval.

The analyst suggests that if XRP reaches a $400 billion market cap, it could potentially challenge Ethereum’s market position.

For long-term investors, Jebb strongly recommends holding XRP for 5-10 years, suggesting either dollar-cost averaging or lump-sum investment approaches. However, he cautions cycle traders about increased risks, given XRP’s recent tenfold increase from $0.25 to $2.50. His advice includes considering early profit-taking or maintaining a portion of holdings to capitalize on potential higher peaks.

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