XRP Analysts Track $10 Outlook as August Breakout and Historical Cycles Come Into Focus
Key Takeaways
- •Crypto Patel identified $1.55 as XRP's key breakout level, with targets of $3.20 and $10 if the resistance is cleared.
- •Egrag Crypto calculated that XRP's three prior macro expansions gained 2,405%, 1,002%, and 1,250%, yielding an arithmetic average of roughly 1,552% and a geometric mean of about 1,444%.
- •XRP recovered from roughly $1.00 around Aug. 19 to about $1.58 during an August breakout on heavy volume, then stabilized near $1.404.
- •XRP is trading above both its 50-day moving average (~$1.39) and 200-day moving average (~$1.21), with the 50-day average turning upward.
- •Immediate support sits at $1.39-$1.40, followed by $1.35 and $1.21, while resistance levels are $1.435, $1.50, and $1.58.
Two analysts, Crypto Patel and Egrag Crypto, have laid out separate price scenarios for XRP as the token trades near $1.404 following an August surge. Patel identified $1.55 as a key breakout level with targets at $3.20 and $10, while Egrag measured the asset's prior macro expansions and reviewed current chart levels after XRP recovered from its August low. The token, which runs on the XRP Ledger and is closely associated with payments firm Ripple, has long attracted cycle-based analysis because of its history of large multi-month advances and extended consolidations.
Crypto Patel Maps $1.55 Breakout
Crypto Patel stated that XRP remains above its key accumulation zone as the higher-timeframe structure strengthens. According to the analyst, a move above $1.55 could open targets at $3.20 and $10. Those levels follow XRP's August recovery from $1.00 to $1.58, and the setup depends on XRP clearing the $1.55 resistance. For context, XRP traded near $3.40 at its all-time high in January 2018, so the $3.20 target sits close to that prior record zone, while $10 would represent an unprecedented level for the asset.
Egrag Calculates XRP's Historical Expansions
Meanwhile, Egrag Crypto examined XRP's previous macro expansions using three historical price advances. The first cycle gained 2,405%, while the second increased 1,002%. A third cited macro expansion produced a 1,250% increase.
Together, those figures yield an arithmetic average of roughly 1,552%. Egrag also calculated a geometric mean of approximately 1,444%, which he described as a measure of average compounded expansion across the three cycles. These figures form the basis of his macro-cycle calculation, after which his analysis turns to XRP's recent price structure and the levels visible on the chart. It is worth noting that past performance is not indicative of future results, and cycle-based extrapolations depend on market conditions repeating patterns that may or may not recur.
XRP Holds Above Key Moving Averages
From March through mid-May, XRP traded mostly between $1.30 and $1.50. The decline accelerated in late May and June, taking XRP below $1.13, and the token later reached approximately $0.99 to $1.00 around Aug. 19.
An August breakout then lifted the price to roughly $1.58, accompanied by a sharp increase in volume. After that rally, XRP corrected and stabilized around $1.404.
The 50-day moving average sits near $1.39, while the 200-day average is around $1.21. XRP remains above both averages, and the 50-day average has turned upward — a configuration chart watchers commonly read as a short-term uptrend aligning with a longer-term uptrend. Immediate support is located at $1.39 to $1.40, followed by $1.35 and $1.21. On the upside, $1.435 marks resistance, while $1.50 and $1.58 stand as stronger levels. A break below $1.39 would expose the lower support areas, with the $1.21 area coinciding with the 200-day average as a key level for traders to monitor.
Source: Crypto Patel on X
