The recent XRP price movements have taken the market by storm

The recent XRP price movements have taken the market by storm, even without a major breakout. With Ripple price consolidating

Recent XRP price movements have taken the market by storm, even without a major breakout. As Ripple price continues to consolidate between $2.06 and $2.65 over the last 30 days, investors are seeking clarity on the potential future movements of the coin.

Meanwhile, several market experts have offered a bullish outlook for the asset, with some even predicting a 2X gain in it. Amid this, one early Bitcoin investor appears to be betting big on XRP.

The BTC investor has also explained how XRP could continue its run towards the $10k mark. Although this prediction looks far-fetched, his explanations have caught the eyes of the crypto market participants.

A Quick Tour of XRP Price & Its Recent Movements

The Ripple price today has added another 1% and traded at $2.33, soaring from its 24-hour low of $2.27. However, its one-day trading volume fell 3% to $2.9 billion.

Notably, the crypto has added around 4% in the weekly chart but moved about 10% towards the South in the monthly chart.

Despite that, the recent surge over the $2.33 mark indicates that the crypto is eyeing a further rally in the coming days.

For context, one recent analysis showed that Ripple price could hit $7.5 if it continues to hold its current support near $2.3.

Although the prediction is based on historical trends and technical indicators, the $2.3 mark is a crucial support for the XRP price.

Analyst Predicts XRP Rally Ahead if It Holds $2.3 Support

As XRP price surged to $2.33 in the last 24 hours, one recent analysis has gained notable traction. For context, expert Dark Defender has issued a bullish forecast for Ripple price, predicting a potential rally if the token holds a major support level of $2.33.

According to Dark Defender, XRP was on the verge of a breakout in the daily time frame, with significant moves expected above $2.33 candle closes.

This optimistic outlook is supported by technical indicators, with the Relative Strength Index (RSI) currently at 55, indicating a neutral position.

However, RSI, Exponential Moving Averages, and “Ichimoku Clouds” are all signaling a bullish trend, as noted by Dark Defender.

Bitcoin Investor on Why XRP Price Might Hit $10k

In a recent X post, early Bitcoin investor Pumpius shared his thoughts on why he believes XRP price may eventually reach $10k, sparking discussion among investors.

While the prediction of a 10x gain in 8 years appears ambitious, the reasoning behind it has caught the attention of crypto participants.

Pumpius highlighted the unsustainable state of global finance, mentioning that the US national debt exceeds $35 trillion and annual interest payments are over $1 trillion.

According to him, the current financial model is nearing collapse and the world desperately needs a scalable and efficient value transfer system, which is where XRP comes in.

Unlike most cryptocurrencies that rely heavily on speculation, XRP was designed for utility. It serves as a high-speed, low-cost settlement layer across global markets.

The BTC investor noted that the XRP Ledger can handle high-volume transactions, making it ideal for the next generation of cross-border payments, tokenized assets, and central bank digital currencies (CBDCs).

One of Pumpius’ key arguments centers around liquidity efficiency. He explained that if $10 trillion were to move daily through RippleNet or similar systems, XRP would need to hold a significantly higher price for it to operate efficiently.

At a low price, the number of XRP tokens required to process these volumes becomes unrealistic.

With a supply capped at 100 billion, only a higher valuation per token would support massive daily throughput without causing slippage or instability.

In his view, a $10K XRP price makes global-scale liquidity possible. At that level, just 1 billion XRP in rotation would be enough.

Considering all these aspects, it seems that Ripple price rally to $10k is feasible. Although it might not going to happen “overnight,” in the longer term, the crypto might record a massive breakout.