Analyst Spots A Very Bullish Signal That Could Send XRP to $10
Crypto analyst XRP Captain has drawn renewed attention to XRP’s weekly chart following a sharp weekend decline that pushed the asset toward the $1.50 region.
In a post on X, the analyst acknowledged the abrupt sell-off but argued that the broader technical structure remains constructive when viewed on a higher time frame. According to XRP Captain, the recent move should be understood as short-term volatility rather than a breakdown of the prevailing trend.
The analyst highlighted that XRP is trading within a multi-month descending channel on the weekly chart, a structure that he described as bullish.
While the price action briefly dipped into the $1.50 range, XRP Captain emphasized that this movement occurred within an established technical formation that has been developing for several months. He characterized the weekend decline as market noise, expressing frustration with low-liquidity conditions that often dominate weekend trading.
Descending Channel Seen as Setup for a Larger Move
In his analysis, XRP Captain pointed to the descending channel as the central technical feature shaping XRP’s outlook. He stated that, despite the downward slope, the channel has maintained price containment and structure, which he views as a sign of accumulation rather than weakness.
From his perspective, the longer XRP remains within this formation, the more significant a potential breakout could become.
The analyst projected that a confirmed breakout from the descending channel on the weekly time frame could open the path toward substantially higher price levels. He explicitly stated that such a breakout could send XRP toward $10 and beyond, framing this target as a technical outcome rather than a speculative statement.
His commentary focused on chart structure and time-frame analysis, underscoring the importance of weekly closes over short-term intraday movements.
Community Reactions Reinforce the Technical Narrative
Other X users echoed similar sentiments in response to XRP Captain’s post. An account known as Josh Insights noted that while the dip into the $1.50 to $1.60 zone was uncomfortable, the weekly descending channel continued to signal breakout potential.
He stated that once XRP clears key resistance levels, a move toward $10 should not be dismissed, framing the target as a technical objective rather than an emotional reaction to price volatility.
Another user, XRP-WLFI, asserted that a move to $10 could occur easily in the current environment, referencing Gary Gensler and Jeffrey Epstein in the comment.
Online discussions frequently mention both figures together, though publicly available records indicate that the connection between Gensler and Epstein is limited to a professional overlap through the MIT Media Lab.
Gensler served as a senior advisor at MIT’s Digital Currency Initiative during a period when the Media Lab later faced controversy over concealed donations from Epstein. However, no evidence has shown that Gensler personally solicited funds or maintained a direct personal relationship with Epstein.
Weekly Structure Remains the Focus
Overall, XRP Captain’s post centers on the distinction between short-term price weakness and long-term technical structure. While acknowledging the frustration caused by abrupt weekend declines, the analyst maintained that the weekly chart continues to support a bullish outlook as long as the descending channel structure remains intact.
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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The post Analyst Spots A Very Bullish Signal That Could Send XRP to $10 appeared first on Times Tabloid.
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