XRP Analysts Eye $10 Target as Technical Patterns Emerge

XRP has drawn attention from chart analysts as it consolidates near key technical levels this week. Crypto analyst Moustache has identified a multi-year descending broadening wedge on XRP’s weekly chart, which has been forming for almost two years. At its current price near $1.52, a move to $10 would represent a gain of nearly 560%. Moustache describes the pattern as 'textbook' and remains optimistic about the longer-term outlook, though he acknowledges the breakout could take time.

Shorter-term charts suggest building tension beneath the surface. Analyst Ali Martinez notes that XRP is consolidating inside a triangle pattern and nearing its apex, a zone that often precedes larger price swings. Whale wallets have remained largely on the sidelines, with combined holdings steady near 3.9 billion XRP over the past week. A decisive four-hour close above $1.53 could open the door toward $1.62 in the near term.

Not all analysts see an immediate breakout. One market observer places the odds of an upward move at 65% to 70%, with a 30% to 35% chance of a downside break, noting that XRP’s RSI remains below 50. Veteran trader Peter Brandt has hinted at a developing cup-and-handle pattern, which often points to further upside. However, derivatives data adds a layer of caution. CryptoQuant data shows XRP open interest on Binance has climbed to $516.6 million, up from 2026 lows near $350 to $400 million, but still well below the $1.3 billion recorded in October 2025.

Price has rebounded faster than open interest, suggesting that leveraged traders have yet to show last year’s conviction. Analysts see this gap as a sign of a more cautious, less euphoric market overall.