XRP is holding near $1.52, and the debate over where it heads next has narrowed to a single long-form chart pattern. Analyst Moustache has mapped out a $10 path for the token, based on a wedge formation that has been developing on the charts for roughly two years. Measured against the current level near $1.52, that figure represents a target of more than six times the present price — a scale that explains why the setup has drawn attention, while its outcome remains undecided.

Wedge patterns form when price compresses between two converging trendlines, and the two-year span of this one places it among the longer structures tracked on XRP's chart. Formations of this length are typically monitored because their resolution — a decisive move through the upper or lower boundary — is the point at which the pattern either confirms or breaks down. Until that break occurs, the formation itself carries no directional signal, and the $10 figure stands as the analyst's objective within the setup rather than a stated timeline.

The asset has moved in line with the broader altcoin market this week, consolidating near key technical levels rather than establishing a clear trend. With price action contained within this range, the resolution of the pattern stands out as the decisive factor for XRP's next move. For those following the setup, the levels that matter are the wedge's boundaries: a sustained move through either edge would mark the pattern's resolution, while trading inside the range leaves both the formation and its long-dated target unresolved.

This content was first published on COINOTAG: https://en.coinotag.com/moustache-maps-10-dollar-xrp-wedge-target