XRP Surges 5% to $2.30, Eyes $10 Amid Bullish Trends

XRP, the cryptocurrency associated with Ripple, has been experiencing a notable bearish divergence over the past few months. Despite the price making higher highs, the 3-day Relative Strength Index (RSI) has been forming lower highs, indicating that the upward momentum may not be as robust as it seems. Analysts, such as Josh of Crypto World, suggest that significant bullish movements are unlikely in the near future, although short-term bounces are expected.

In the short term, XRP recently rebounded from a support area and moved towards a resistance zone between $2.25 and $2.30. The price is currently struggling at this level, and a break above $2.30 with a candle close above this point could signal a continuation towards $2.50-$2.60. However, the next significant resistance area lies between $2.65 and $2.80, which could pose a challenge for further upward movement.

Currently, XRP’s price is in a sideways range, struggling to gain momentum in either direction. The price is bouncing from support levels but is also facing resistance around $2.25 to $2.30. This sideways movement presents trading opportunities for both short and long positions. A break below key support levels could signal a short position, while a bounce off support could lead to a long position. Additionally, a confirmed breakout above resistance could present another opportunity for short-term gains.

On March 14, 2025, XRP is expected to trade within a range of $2.15 to $2.25, with potential sideways movement as the market stabilizes. This prediction is based on current market conditions and the recent performance of XRP. The price of XRP on March 13, 2025, was recorded at $2.2621, showing an increase of 3.37% compared to the previous day. Despite market volatility, analysts remain optimistic about XRP's potential for further gains.

XRP is currently on a bullish trend, recovering from recent market volatility and regaining lost ground. The price surged 5% in the last 24 hours to $2.30. Analysts predict that XRP could reach $10 this cycle and potentially $100 in the next cycle. This prediction is based on XRP's historical performance and the growing institutional interest in the cryptocurrency. XRP has already demonstrated its ability to rally significantly, previously reaching its all-time high of $3.40. To reach the $10 mark, XRP would need just a 2.94X increase from its current price, a move that looks reasonable based on past market trends.

Several factors could drive XRP’s move toward $10. Currently, 17 XRP-based exchange-traded funds (ETFs) are in progress. Additionally, regulatory clarity is on the horizon as the SEC lawsuit nears its end. A market capitalization of $500 billion to $700 billion could soon become a reality. Moreover, XRP is set to play a significant role in the financial landscape. Experts predict that Ripple will become the 12th major global economic sector, integrating with industries such as finance, insurance, healthcare, information technology, and retail trade.

With bullish momentum building and bullish catalysts appearing, XRP appears to be on the verge of a major breakout. If historical patterns repeat, reaching double-digit prices this cycle and potentially hitting triple digits in the next cycle seems possible. However, it is important to note that the cryptocurrency market is highly volatile, and prices can fluctuate significantly. Investors should exercise caution and conduct their own research before making any investment decisions.