XRP Poised for $10–15 Breakout After 256-Day Range
XRP has spent 256 days in a tight trading range, compressing volatility and building momentum for a potential surge. Technical analysts, including XRPunkie, highlight this extended consolidation as a classic setup for explosive moves, setting a bold breakout target of $10–$15. The primary catalyst driving renewed interest is a $400 million spike in 12-hour XRP volume on South Korea’s Upbit exchange, outpacing Binance and signaling strong retail demand. Market watchers also point to XRP’s November 2024 symmetrical triangle breakout, which paved the way for a run toward $12.60. At present, XRP trades around $3.10, with volatility still muted but ready to awaken. If broader crypto market conditions remain supportive, and macroeconomic factors align, a decisive move above resistance could trigger substantial capital inflows and FOMO buying. Traders should monitor Upbit volume, on-chain data, and global sentiment as key confirmation signals for this potential breakout.
Bullish
The news is bullish for XRP as extended low-volatility periods often precede sharp breakouts when market conviction returns. A 256-day consolidation has thinned stop-loss orders and gathered demand at support, creating a springboard once buyers step in. The $400M surge in 12-hour XRP volume on Upbit underscores robust retail interest in South Korea—a region known for rapid crypto adoption. Historical parallels include XRP’s November 2024 symmetrical triangle breakout, which led to a swift rally toward $12.60. In the short term, continued high volume and momentum could trigger FOMO-driven buying, pushing prices above key resistance levels. Longer term, if XRP sustains above $5 and macro sentiment remains positive, institutional funds may join, supporting further upside toward the $10–$15 range. Traders should watch on-chain flows, order-book depth, and global volume shifts for confirmation.