Key Notes
- XRP defends the critical $2 support amid renewed buying pressure.
- Analyst Egrag Crypto forecasts a potential $10 price target for the crypto token.
- Technical indicators show mixed signals but hint at building momentum. .
After a volatile start to November, XRP has stabilized above the key $2 support zone, sparking optimism across the community. At the time of writing, the fourth-largest cryptocurrency trades around $2.21.
$2! ✔️ https://t.co/j8xAKWrY9f
— Ali (@ali_charts) November 5, 2025
According to CoinMarketCap data, XRP saw a 25% daily increase in its 24-hour trading volume on November 5. This suggests renewed trading activity around the $2 accumulation range .
Analyst Suggests Explosive Upside Potential
Popular crypto analyst Egrag Crypto stated on X that XRP could be on the verge of a historic breakout, provided it sustains levels above $1.94. The analyst noted that XRP is currently consolidating in what he calls “one of the most powerful accumulation zones” seen in years.
#XRP – Micro Wick 1 ($10) & Macro Wick 2 ($50):
First of all, imagine waking up after a market bloodbath 😤 and still writing this post with zero fear 😎, because on the higher timeframes, nothing has changed! It’s just your emotions playing games on you.
📖 Step 1: Read This… pic.twitter.com/LrlZf5eMB9
— EGRAG CRYPTO (@egragcrypto) November 5, 2025
Egrag outlines two major potential price targets for XRP. The first projects a measured move toward $10, corresponding to a bull flag pattern. He hinted that investor patience during the ongoing accumulation phase could yield big gains.
The second points to a bigger target of $50. According to Egrag, this projection is based on the principle of market symmetry. He explained that just as Binance’s past wick to $0.77 was later balanced, Gemini’s August wick to $50 could eventually be “filled” in a future cycle.
XRP Price Outlook: $3.20 Ahead?
On the daily XRP chart, the Bollinger Bands have widened, indicating growing volatility. The price appears to be attempting to rebound from the lower band near $2.10. However, a drop below $1.94 would invalidate the bullish setup and risk a deeper retracement toward $1.60.
XRP price chart with RSI and Bollinger Bands | Source: TradingView
The RSI is hovering near 35, suggesting mildly oversold conditions that lead to a short-term bounce. If XRP manages to sustainably close above the mid Bollinger Band (20-day SMA) at $2.45, it could see renewed bullish momentum.
Meanwhile, the MACD histogram is negative but flattening, suggesting bears could lose if broader crypto market sentiment turns bullish. Traders should watch for resistance levels around $2.80 and $3.20.
XRP price chart with MACD | Source: TradingView
