Technical Analysis: XRP Could Reach $10, Analyst Predicts

Crypto analyst ChartNerd has released a detailed monthly chart for XRP, outlining a long-standing technical structure that spans several market cycles. The chart demonstrates XRP’s price movement within an ascending channel with clear support and resistance levels. ChartNerd highlights the 100-day Exponential Moving Average (EMA) on the monthly timeframe as crucial support around $0.85. This EMA is predicted to act as a stable anchor point during potential market corrections, according to ChartNerd’s analysis. ChartNerd predicts XRP could reach a double-digit price ($10.50) as this structure positions the asset for an eventual market expansion after a phase of accumulation. ]