EGRAG Crypto Still Targeting $10 XRP?

Crypto market came under pressure again after XRP corrected sharply and moved closer to the psychological level of US$1.

Despite increased selling pressure in recent trading sessions, the XRP price has managed to remain slightly above this area, ensuring that the medium-term technical structure has not been significantly damaged.

Amid weakening market sentiment, crypto analysts EGRAG Cryptobut still maintains a bullish view on XRP.

According to him, this digital asset still has the potential to enter a phase called“Face Melting Phase”, a period of aggressive upside that in an optimistic scenario could take the XRP price towards the US$10 area or higher.

The question is, is this target still realistic after the latest correction?

Key Points

• XRP remains above the psychological support of US$1 despite experiencing a sharp correction.

• EGRAG Crypto maintains a bullish target of up to US$10 through the Face Melting Phase scenario.

• An XRP price of US$10 means a market capitalization approaching US$600 billion, requiring a huge influx of capital.

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XRP Holds Above $1 Support, Maintaining Chances of Further Rally

XRP's correction in recent days has many investors worried that the bullish trend is over.

But technically, there is a big difference between approaching support and actually losing support.

To date, XRP has managed to remain above the US$1 level. This level is one of the most important psychological zones, often used by traders as a reference point for determining the direction of the medium-term trend.

As long as the price maintains this area, there's still a chance for a price recovery. Conversely, if key support begins to be decisively breached, the risk of a deeper correction increases.

The 50 EMA and 100 EMA Structure Becomes the Basis for EGRAG Crypto Optimism

One of the main reasons EGRAG Crypto still maintains a bullish target is XRP's position against the indicator 50 Exponential Moving Average (EMA) And 100 EMA.

In previous cycles, XRP has often corrected towards the key EMA area before continuing on a larger upward move.

According to the analyst, the current price structure still bears similarities to patterns that have emerged before major rallies in the past.

For medium-term investors, the EMA is more than just a line on a chart.

This indicator is often used to measure the strength of a trend and determine whether a correction is still considered healthy or is the beginning of a larger reversal.

Read also:How To Buy XRP (XRP) | XRP to IDR | XRP to USDT

The US$1 area has the potential to be a liquidity sweep before the next trend direction.

Another concept that traders are concerned about is liquidity sweep.

A liquidity sweep occurs when the price approaches an important support or resistance area to capture market liquidity before determining its next direction.

In practice, many traders place stop losses right around psychological levels such as US$1.

When prices move near these areas, the market often triggers a temporary panic before reversing direction.

Therefore, some analysts see the test of the US$1 area as part of a normal consolidation process, not a signal that the bullish trend has ended.

Of course, this scenario still requires confirmation through increased volume and the ability of the price to move back away from the support area.

Read also:Convert 1 XRP to IDR - XRP to Indonesia Exchange Rate

XRP's $10 target would require a nearly 900% increase from its current level.

The most interesting part of EGRAG Crypto's analysis is the XRP price target of around US$10.

Source: X/@egragcrypto

If calculated from the US$1 area, this target means that XRP needs to record an increase of almost 900%. 

This figure may sound ambitious, but it is not unprecedented in the history of crypto assets.

During the 2017 bull cycle, XRP experienced thousands of percent gains in a relatively short period of time. However, current market conditions are much more mature, and XRP's market capitalization is also much larger than it was then.

Therefore, achieving the US$10 target requires not only positive sentiment but also significant capital inflow support into the crypto market as a whole.

Read also:How to Stake XRP on Bittime in 4 Easy Steps

XRP Price at US$10 Means Market Cap Nearing US$600 Billion

One aspect that investors often overlook is the valuation implications.

With the current number of XRP tokens in circulation, a price of US$10 would push XRP's market cap close toUS$600 billion. 

This value will place XRP among the assets the world's largest digital.

This means that the $10 price target isn't just a matter of charts. XRP must also attract hundreds of billions of dollars in new market value to sustainably achieve that valuation.

This is why investors need to look at price predictions from two perspectives: technical analysis and the capital requirements needed to support the valuation.

Support US$1 and the US$0.90 Area Become Risk Zones That Must Be Monitored

Although some analysts still maintain a bullish scenario, risks still need to be considered.

XRP to USDT via Bittime Market

The US$1 area currently serves as a key psychological support area. If selling pressure increases and the price fails to hold above that level, market attention will likely shift to the next support area around US$0.90.

Therefore, investors should not only focus on the potential profits towards US$10, but also understand the levels that could invalidate the bullish scenario.

XRP's Face Melting Phase: Explosive Rally or Just Another Market Hope?

Term Face Melting PhaseEGRAG Crypto uses to describe the possibility of a major rally that could surprise most market participants.

This concept stems from the observation that XRP often moves slowly for long periods before finally recording a sharp increase in a relatively short period.

However, investors need to understand that the Face Melting Phase remains an analytical scenario, not a certainty.

The crypto market remains influenced by macroeconomic sentiment, global liquidity conditions, regulations, and institutional capital flows, which are difficult to predict with certainty.

Conclusion: XRP Target US$10 Still Alive, but US$1 Support Is Decisive

The latest correction has brought XRP closer to a key support area around US$1. However, the price has managed to remain above that level so far, indicating that the medium-term bullish structure has not been completely broken.

EGRAG Crypto's optimism stems from a combination of EMA structure, potential liquidity sweeps, and historical patterns that have emerged in previous cycles.

On the other hand, a US$10 price target also means XRP would need to reach a valuation approaching US$600 billion, something that would require significant capital support and market sentiment.

For investors, the US$1 area will likely be the most important level to monitor in the coming weeks.

As long as that support holds, the Face Melting Phase narrative still has a chance to develop.

However, if this level fails to hold, the market may need more time before XRP can build strong bullish momentum again.

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FAQ

What is the XRP Face Melting Phase?

A term from EGRAG Crypto to describe the potential for a very aggressive XRP rally.

Has XRP fallen below US$1?

Not yet. XRP briefly approached that level but remained slightly above it.

Why is US$1 support important?

Because it is a psychological and technical level that many traders monitor.

Is the XRP US$10 target realistic?

Theoretically possible, but would require an increase of almost 900% from the current area.

What are the biggest risks to XRP right now?

Closing key support around US$1 could open the door to a deeper correction.