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XRP Price Outlook: Why the $10 and $50 Targets Still Hold

When chaos hits the crypto market and prices tumble, true conviction is rare—yet still possible. Behind the frenzied headlines lies a story of accumulation, structural support, and the kind of price behavior that catches attention only when the dust begins to settle. 

In this detailed overview, we walk through how XRP remains technically intact, anchored by key levels, and how targets at $10 and even $50 become part of the conversation again—thanks to analysis originally posted by Egrag Crypto on X.

Support Zone & Accumulation Band

The $1.94 price level is emerging as a meaningful zone of accumulation for XRP. Several recent analyses mark the range around $1.94–$2.04 as crucial support. Hold-this-level scenarios suggest buyers are stepping in while market fear is high, reducing the risk of a cascading breakdown. 

If this zone holds, it provides a springboard for upside. On the other hand, a break below it would indicate a shift in regime and higher vulnerability.

The Role of Exchange “Wicks”

What do spikes to $50 and dips to under $1 mean for market participants? On 10–11 August 2023, on the exchange Gemini, the XRP price briefly printed near $50 due to a low‐liquidity glitch.  

While these wicks are not foundational support or resistance levels in themselves, they show where markets have reached during extreme dislocations. Analysts like Egrag Crypto treat these prints as psychological anchors and liquidity magnets—essentially “if the market loves symmetry, this could be revisited”.

Target Framework: Micro vs Macro

According to the Egrag Crypto post, two target tiers are delineated: a “Micro Wick 1” around $10 and a “Macro Wick 2” around $50. The micro target arises from a measured-move projection from the current accumulation band. 

The macro target uses symmetry arguments tied to prior wick behavior and wave theory—specifically a wave 3 assumption following an impulse wave 1. If XRP remains above support and the larger market turns risk-on, such targets may come into view.

Risk Factors & Practical Considerations

Key risks must not be ignored. Firstly, sentiment and macro liquidity remain challenged. Recent technical commentary shows XRP struggling below key resistance zones near $2.39–$2.64. Secondly, wicks like the $50 print may not reflect sustainable price levels—they can be momentary distortions due to illiquidity. 

Analysts and traders should use them as reference points, not guarantees. Thirdly, as long as support near $1.94 is respected, the thesis remains intact; a decisive breakdown below that threatens the scenario.

In conclusion, the path for XRP is neither smooth nor guaranteed, but neither is it random. Holding above the accumulation band near $1.94 keeps the bullish case alive. Exchange wicks, often dismissed, become meaningful when mapped onto a disciplined wave and measured-move framework. 

The targets of $10 (micro) and $50 (macro) may sound bold, yet they align with the structural setup and symmetry narrative laid out by Egrag Crypto. Ultimately, execution and market conditions will determine whether this view comes to pass; traders should proceed with caution, discipline, and clarity.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.


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Zaccheaus Ogunjobi
Zaccheaus Ogunjobi
I am a passionate and experienced writer with a strong focus on cryptocurrency and the financial landscape. With a keen eye for market trends and emerging financial technologies, I strive to deliver insightful, well-researched content that educates and informs. Whether breaking down complex financial concepts or analyzing the latest market movements, my goal is to make finance accessible and engaging for a wide audience.
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