XRP $10.11 Target Hinges on a Breakout Above $2

| cryptodaily.co.uk
XRP analyst Dark Defender expects the token to break above $2 this month, but the bullish forecast has not yet been confirmed by price action. The analyst’s Elliott Wave analysis views XRP’s rebound from below $1 to $1.68 as Wave 1, with a pullback to around $1.20–$1.25 potentially completing Wave 2. The projected path includes a Wave 3 target of $7.07, a Wave 4 pullback near $4.10 and a Wave 5 move above $10.11. At about $1.31, XRP would need to rise roughly 53% to reach $2 and about 670% to hit $10.11. The token remains below its 50-day and 200-day moving averages, near $1.33 and $1.36, with resistance around $1.35 and then $1.44. RSI is neutral at 49, while a bullish MACD crossover may indicate easing selling pressure. XRP has fallen about 13% over the past month and recently traded sideways. Support is near $1.25; a break below it could expose $0.99 and weaken the near-term bullish case. Traders will be watching for a daily close above resistance as confirmation of a possible trend shift. The Elliott Wave targets rely on technical analysis, including Fibonacci levels and RSI, and remain speculative until XRP clears these hurdles. Broader market conditions could also invalidate the forecast.
Neutral
The outlook is mixed, so the news is neutral for XRP overall. Dark Defender’s forecast of a break above $2 and eventual targets of $7.07 and more than $10.11 could encourage short-term speculative buying, particularly if XRP records a daily close above resistance near $1.35 and $1.44. The neutral RSI and bullish MACD crossover offer limited signs of improving momentum. However, XRP is around $1.31, below both its 50-day and 200-day moving averages, and has fallen about 13% over the past month. A drop below support near $1.25 could put $0.99 in view and weaken the near-term bullish case. Elliott Wave and Fibonacci projections are scenarios, not confirmation of a trend reversal; large targets may draw attention but do not establish likely price outcomes. In the longer term, the outlook would become more constructive if XRP confirms a breakout and sustains higher levels, while failure to hold support could prompt renewed selling. Broader market conditions remain an additional risk.