XRP price liftoff to $10 will take time, traders say.
XRP may see another sharp rise to a double-digit price, but similar market setups in 2022 and 2017 pointed to an extended consolidation period before this happens.
Key takeaways: XRP macro setup targets $10, but an extended consolidation is required before any sharp liftoff.
XRP holds strong $1.80–$2 support since Dec 2024, which has historically produced 35%-90% price rebounds.
Onchain data suggest XRP is at levels that have previously preceded sideways price action.
XRP needs longer accumulation before rebound.
XRP defended the $1.78–$2 support band that it has held since December 2024.
The XRPUSD pair has bounced 35%-90% each time it has retested this support base.
It can gain as much as another 57% by year’s end if the setup plays out in the same way.
Analyst Mikybull Crypto said XRP is preparing for liftoff citing formidable support near the 2021 high at $1.96.
The price pattern is copying the previous bull run, CryptoBull said, referring to XRP’s consolidation around its previous all-time highs as seen in past cycles.
The only difference is time, which makes sense, as longer accumulation is needed for higher prices.
Note that after dropping below its previous highs in 2022, the XRPUSD pair oscillated between $0.30 and $0.70 for more than three years before breaking out with a 390% run in December 2024.
If a similar scenario plays out, XRP price could consolidate around $2 (2021 highs) for an extended period before a massive upward breakout.
The next impulse will take XRP to $11 and the last wave to $70.
XRP is undervalued at $1.90, but for how long?
Onchain data also highlights similarities between the current XRP market setup and previous bull cycles.
XRP’s net unrealized profit and loss (NUPL) indicator has entered the capitulation zone (red), a position that is typically associated with cycle bottoms.
The NUPL measures the difference between the relative unrealized profits and losses of XRP holders.
In previous market cycles, the transition to capitulation has coincided with extended price consolidation periods.
The market value to realized value (MVRV) ratio also supports this consolidation thesis.
With a current daily reading of 1.23, significantly lower than a peak of 14.73 in 2017 and 3.9 in 2021, the metric suggests XRP is relatively undervalued.
This lower MVRV ratio indicates reduced profit-taking pressure and increased potential for sustained price appreciation.
Before this happens, XRP price could consolidate for some time before embarking on a sustained recovery.
Holding $1.80–$2.00 and reclaiming $2.22 would keep XRP’s bullish case intact, fueled by latent buying pressure, which is slowly building up in the futures market.
XRP faces a prolonged consolidation phase before any significant upward move, with macro setups pointing toward a potential move to the $10 area over time.
The asset has held a robust support band around $1.78–$2 since December 2024, a level historically associated with sizable rebounds, suggesting accumulation could precede a new cycle.
On-chain metrics reinforce the case for a gradual advance rather than a rapid breakout.
The net unrealized profit and loss (NUPL) indicator has entered the capitulation zone, a pattern typically aligned with cyclical bottoms and extended price consolidation.
Meanwhile, the market value to realized value (MVRV) ratio sits at about 1.23, far below peaks seen in prior bull runs, signaling subdued profit-taking pressure and room for sustained upside if demand returns.
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