XRP Price Prediction: Weekly Chart Says ‘The Party Just Started’ – Can XRP Hit $10?

XRP (XRP) made the headlines in the past few days after the token reached $3.65 – the closest it has been to its January 2018 all-time high in 7 years.

It has been a long journey for XRP holders and those who held on to their fight in this project just a couple of years ago when it seemed that the U.S. Securities and Exchange Commission (SEC) was going to dismantle the whole thing, the wait has paid off.

XRP traded for as little as $0.38 at some point in July last year. Fast-forward a year, the token delivered gains of nearly 900% at some point and this may only be the beginning after the price action confirmed a bullish breakout of a major weekly pattern.

There’s a lot going on with Ripple at the time. The company has been making its way across the globe to acquire licenses that allow it to operate as a legitimate digital payments provider.

Ripple USD (RLUSD) is Being Used as Proof of Concept

Ripple’s vision is simple – becoming the go-to decentralized platform to process cross-border payments.

One key piece of that puzzle was the launch of Ripple USD (RLUSD), the network’s first native stablecoin.

Data from CoinMarketCap shows that adoption of RLUSD has been growing fast in just 7 months as the token’s market cap has expanded from $55 million back in December 2024 to $557 million at the time of writing.

Ripple USD (RLUSD) Market Cap – Source: CoinMarketCap

Sure, this pales in comparison to the $227 billion combined market cap of this segment’s incumbents – USDT and USDC. However, although RLUSD may not dominate the crypto space as the leading stablecoin, it does prove that Ripple is a valid network to process millions of dollars worth of digital payments in seconds.

The result – Ripple recently started to support USDC. Next stop? Maybe USDT support. No matter which stablecoin you choose to send, Ripple wants to be the preferred network through which you do it.

Bull Flag Breakout in the Weekly Chart is a Huge Deal

We have been tracking this setup in the daily chart for weeks as XRP consolidated for a while following the explosive move the token experienced between October and January.

This consolidation has clearly come to an end and the market seems ready to push the token higher now.

XRP/USD Weekly Chart (Coinbase) – Source: TradingView

The price broke out of a bull flag pattern in late June and went on to surge for two weeks in a row. Now, we could be about to see the first red candle since that big move occurred. This can still be ranked as a normal pullback and the first support to watch at this point should be the $3 psychological threshold.

However, the $2.65 level would be the key area of support for this uptrend as it was the latest higher high of this uptrend.

If XRP keeps rallying, the next move should propel the token to a new all-time high almost inevitably as that is just 1.4% above the token’s latest higher high.

Now, if we use the flag’s pole size as a reference to estimate how high XRP could go, the kind of move that should follow this breakout could deliver 300% or even higher gains within the next 6 months or so. That would give us a $10 per token XRP.