XRP Breakout Projections: Crypto Cup Sees $10 Target, Altcoint Season Looms

Recent market activity has sparked renewed attention to projections for XRP to reach $10. Crypto Cup, a crypto trader, presented price targets for major altcoins, including XRP, citing a chart breakout in the altcoin market.

The report states that a horizontal support zone around $160 billion held multiple times while highs gradually declined, forming a downward trendline. A recent candle was above this boundary line, and the market capitalization on the chart is shown at about $217.36 billion.

For XRP to reach $10, it would need to rise sharply from its current trading price of around $1.56. This represents a move of about 541 percent, or approximately 6.4 times the current price.

Crypto Cup's target is higher than a long-term forecast presented by veteran trader Peter Brandt, who said XRP could ultimately go to $5.40. Crypto Cup's $10 target is 85.2 percent higher than Brandt's $5.40.