In the ever-evolving world of cryptocurrencies, the debate around XRP’s potential to reach a price point north of $10 has taken center stage. Despite common concerns regarding market cap constraints and the token’s abundant supply, some analysts believe these factors don’t pose significant barriers to XRP’s upward potential. Among them is XForceGlobal, a crypto analyst who has recently challenged the prevailing market cap argument, expressing confidence in XRP’s bullish prospects.
Debunking the Market Cap Myth
XForceGlobal took to the social media platform X (formerly known as Twitter) to address what they consider a misconception: that XRP’s market cap would prohibit its price from soaring to $10 or more. According to the analyst, this argument holds little water. Instead, they suggest that market cap should not be the sole determinant of a cryptocurrency’s potential price movement.
The analyst’s perspective is centered on technical analysis and market dynamics rather than sheer market cap numbers. They argue that XRP is poised for a bullish run, primarily due to a triangle breakout that began in 2024. This breakout, according to XForceGlobal, sets the stage for XRP to potentially double in value, pushing it towards a $4 benchmark initially.
Bullish Outlook: More Than Just Numbers
Supporting XForceGlobal’s optimistic outlook is another analyst, TradingShot, who reinforces the bullish sentiment surrounding XRP. TradingShot’s analysis focuses on the technical aspects, particularly the performance of XRP on the 1-day chart. They highlight how XRP found a bottom back in April, in the aftermath of market disruptions caused by external factors like political tariff wars.
Since then, XRP has shown resilience, consistently testing and holding above the 1-Day MA50 as a crucial support level, currently hovering above $2.7. This technical setup suggests that XRP is preparing for a significant upward movement. If the 1-Day MA50 holds, TradingShot anticipates a rally that could see XRP’s price surge by over 60%, hitting the $5 mark.
The Path Forward: A Strategic Breakout
Both analysts point to strategic technical setups that could propel XRP beyond its current trading range. XForceGlobal envisions a scenario where XRP experiences a swift rally to set a new all-time high of $4. Beyond this, the projection extends into 2026, with expectations of a continued bullish wave that might drive the price up by over 200%, eventually surpassing $10 and reaching towards $14.
TradingShot’s analysis complements this by emphasizing the importance of Fibonacci extensions in predicting price targets. They note that a previous bullish leg peaked at the 2.0 Fibonacci extension level, suggesting that if history repeats, the next peak could be around $5.00. This technical insight provides a tangible path for XRP’s potential ascent.
Balancing Optimism with Caution
While the bullish projections offer an exciting outlook, it’s crucial to balance optimism with caution. The cryptocurrency market is notoriously volatile, and predictions, no matter how well-founded, are subject to the whims of market sentiment and external factors. Investors and traders should consider the broader economic landscape, regulatory developments, and market trends when making decisions.
Furthermore, the abundance of XRP in circulation could still play a role in its price dynamics. While XForceGlobal dismisses the market cap argument as irrelevant, the supply-demand equation remains a vital component of price determination in any market.
Conclusion: A Watchful Eye on XRP
As XRP navigates through its current phase, all eyes are on the altcoin to see if it can indeed break past previous barriers and reach new heights. The technical setups identified by analysts like XForceGlobal and TradingShot provide a foundation for optimism, but as with any financial market, there are no guarantees.
For investors and enthusiasts alike, staying informed and vigilant will be key. Whether XRP reaches the coveted $10 mark or beyond will depend on a mix of technical factors, market sentiment, and unforeseen developments. In the meantime, the debate rages on, with analysts and traders eagerly watching XRP’s every move in this dynamic and unpredictable market.
Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
