The post XRP Coiling Up for a Big Move: Will it Reach $10 in the Upcoming Bullish Wave? appeared on BitcoinEthereumNews.com.

The post XRP Coiling Up for a Big Move: Will it Reach $10 in the Upcoming Bullish Wave? appeared first on Coinpedia Fintech News The XRP price remained consolidated within a tight range for over a couple of years, while a rise of over 380% after the breakout attracted huge liquidity. The volume then surged by over $22 billion from the levels around $1 billion, hinting towards an extensive participation of the bulls. Unfortunately, the levels quickly dropped soon after the prices surged above $3 and were on their way to mark a new ATH. Since then, the XRP price has remained stuck within a descending consolidation while the volume dropped back to its initial position around $1.  While the volume is facing extreme squeeze, the bulls wait for a quick explosion. Will this trade setup push the XRP price to $10 in 2025? Is this a realistic target or an exaggerated claim? The main reason behind the major overhang on XRP’s long-term valuation could be the Ripple vs. SEC lawsuit. The SEC’s 60-day deadline, which is approaching on June 16, a favorable outcome for Ripple could inject fresh confidence into the market. This coincides with the broader macro backdrop of rising global liquidity. Technically, XRP is currently forming a classic bullish flag pattern on the higher timeframes and hence a breakout could initiate a fresh upswing.  Similar to the daily chart, the weekly chart shows the price being stuck within a decisive symmetrical triangle ever since it faced a rejection from the yearly highs. As seen in the above chart, after breaking above a prolonged consolidation, the XRP is heading towards the edge of the decisive symmetrical triangle. The volume has drained to a large extent, signifying an extreme squeeze. On the other hand, the conversion line of the…

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Filed under: News - @ June 9, 2025 9:21 pm