<ul><li>XRP is nearing a bullish breakout with a target of $5-$10 in its first pump as it tests the resistance at $1.0000.</li><li>Support at $0.5203 remains critical for XRP; a break above the 100-week MA could signal major upcoming gains.</li><li>With historical accumulation patterns, XRP aims for a substantial rise, focusing on surpassing intermediate resistance at $0.7500.</li></ul><a href="https://cryptotale.org/xrp-faces-continued-decline-as-technical-indicators-signal-bearish-trend/" rel="noopener noreferrer nofollow">XRP&#39;s</a> accumulation phase appears to be nearing its end, suggesting potential significant price movements. Priced at<a href="https://coinmarketcap.com/currencies/xrp/" rel="noopener noreferrer nofollow"> $0.5194</a> at press time, XRP shows signs of consolidating around the 100-week moving average, a key indicator for long-term trends.Historically, XRP has accumulated just under this moving average before making notable upward moves. This pattern suggests a bullish breakout might be on the horizon, as highlighted by <a href="https://x.com/RippleXrpie/status/1797267355321434524" rel="noopener noreferrer nofollow">JackTheRippler</a>, a top analyst, potentially driving XRP&#39;s price to $5-$10 in the first pump. The immediate support level is around the current price of $0.5203, a zone where the price has consistently consolidated. Long-term support levels include $0.3000 and $0.2000, with the latter acting as significant support before the major rise in 2020 and early 2021.The 100-week moving average itself serves as a significant resistance point. Beyond this, intermediate resistance is noted around $0.7500, a level where XRP has faced resistance before. The major resistance level stands at $1.0000, a psychological and historical barrier.Related:<a href="https://cryptotale.org/ripple-ceo-predicts-imminent-launch-of-xrp-solana-and-cardano-etfs/" rel="noopener noreferrer nofollow">https://cryptotale.org/ripple-ceo-predicts-imminent-launch-of-xrp-solana-and-cardano-etfs/</a>The current trend reveals a descending triangle pattern, with the price consolidating near the $0.5203 support level. This pattern, combined with the historical accumulation phases just under the 100-week moving average, points towards a potential bullish breakout.<a href="https://cryptotale.org/xrp-eyes-10-after-consolidation-round-the-100-week-ma-will-it-break-out/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

XRP Eyes $10 After Consolidation Round the 100-week MA: Will it Break Out?

CryptoTale

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