Key Insights:
- XRP’s 2017-style chart hints at a surge toward $10
- Evernorth’s $1B XRP buy boosts investor confidence
- Bullish MACD and RSI support XRP’s upward momentum
- Corporate and technical strength fuel XRP’s growth potential
XRP’s price is showing strong signs of a breakout, fueled by technical patterns reminiscent of its 2017 performance. Analysts have pointed to striking similarities between the current chart and the two-wave breakout seen in 2017, suggesting that XRP could be gearing up for a significant rise. If the trend continues, the price might push toward the $10 mark.
Currently trading at $2.64, XRP is within the upper range of its descending channel, having bounced from the lower boundary. This movement has formed a higher-low pattern, signaling a trend reversal. Buyers are maintaining strong support around the $2.28 level, which could act as a key foundation for further upward momentum. As XRP approaches $2.40, selling pressure attempts to cap the price but fails to overpower the persistent buying force.
Technical Indicators Point to Continued Strength
Key technical indicators, including the MACD and RSI, suggest that the momentum remains with buyers. The MACD has shown a bullish crossover, while the RSI steadily climbs above 50, reflecting growing buyer dominance. A clean breakout above $3.65 could set the stage for a surge toward $10. In this context, XRP’s chart signals an optimistic forecast for the asset’s next move.
Ripple-backed Evernorth Holdings has made a significant move by acquiring 388.7 million XRP tokens, valued at over $1 billion, between October 20 and 27, 2025. This acquisition suggests growing institutional confidence in Ripple’s ecosystem. Evernorth’s large purchase not only reflects increased corporate interest but also strengthens the narrative for XRP’s sustained growth. The timing of the purchase, following XRP’s 355% annual gain after the SEC’s dismissal of its lawsuit, adds credibility to the bullish outlook.
XRP’s Path to Growth Strengthened by Corporate and Technical Synergy
The combination of technical strength and institutional investment is creating a favorable environment for XRP’s price trajectory. As Evernorth’s acquisition nears completion, XRP’s long-term potential is receiving increasing attention from corporate investors. If this synergy continues, XRP may follow a similar path to its 2017 surge, potentially breaking past the $10 barrier.