XRP is turning heads once again as a powerful multi-year breakout pattern emerges on its long-term chart, hinting at the potential beginning of a historic bull run toward the $10 mark.
The cryptocurrency, which has spent nearly a decade trapped inside a descending channel, is flashing a technical signal rarely seen in traditional or digital markets. With institutional momentum rising and technical indicators aligning, market sentiment is quietly shifting toward a major breakout phase that could redefine the XRP price prediction narrative.
Peter Brandt Highlights Rare XRP Breakout Pattern
Veteran classical chartist Peter Brandt has pointed to XRP’s multi-year logarithmic chart, describing it as a “textbook breakout” from a descending channel spanning back to 2014. Brandt, who has over five decades of trading experience, compared the structure to historical commodity bull runs that preceded explosive price movements.
Veteran chartist Peter Brandt identifies XRP’s breakout from a decade-long descending channel, signaling a potential rally beyond $10 from $2.50 support. Source: Peter Brandt via X
“XRP is showing a clean breakout from a multi-year downtrend. Patterns like this don’t appear often, and when they do, they tend to lead to strong upside,” Brandt noted in his analysis.
The breakout is occurring with XRP trading around $2.50, well below its all-time high near $3.84. If the resistance levels continue to hold, Brandt’s chart geometry suggests a potential rally that could carry the price of XRP beyond the $10 mark. This would represent a significant multi-fold increase from the current XRP price and could signal the beginning of a new long-term uptrend.
Institutional Demand Rises With CME XRP Options Launch
Adding to the bullish backdrop, CME Group has expanded its crypto derivatives lineup to include regulated options on XRP futures. This move follows the earlier introduction of XRP futures in April 2025, shortly after Ripple Labs reached a settlement in its long-running legal battle with the U.S. Securities and Exchange Commission.
CME launches options trading on Solana and XRP, signaling growing institutional interest in altcoin derivatives. Source: Whale Insider via X
CME’s decision to roll out XRP options aligns with increasing institutional demand and growing regulatory clarity in the U.S. The launch on October 13, 2025, comes as policymakers move closer to designating the CFTC as the primary crypto regulator, a shift that could further boost market confidence.
Analysts believe that physically settled contracts for XRP will appeal to both institutional and retail investors, broadening the asset’s market reach. This heightened participation could also fuel momentum for the next phase of the rally.
Oversold Conditions Fuel Recovery Expectations
On the technical front, XRP’s recent price action shows signs of resilience. Despite a sharp 41% flash crash earlier in the week that briefly sent the token down to $1.52, XRP has rebounded strongly, trading back around $2.50. A Stochastic RSI reading of 8.98 on the weekly chart signals deep oversold territory—a zone that historically coincides with major reversals.
XRP is oversold based on a weekly chart with a Stochastic RSI of 8.98, prompting mixed community reactions amid recent price volatility and ETF speculation. Source: @Steph_iscrypto via X
Previous rebounds from similar conditions have often preceded extended rallies. The recent bounce from the $2.37 area, coupled with improving derivatives stability, suggests the market could be laying the foundation for a broader bullish structure.
Derivatives Market Stabilizes as Leverage Unwinds
Ripple XRP derivatives data indicate that excessive leverage was flushed out during last week’s sell-off, leaving the market in a healthier state. Open Interest (OI) currently averages $4.34 billion, slightly higher than Sunday’s four-month low. This stabilization could pave the way for renewed participation from traders and investors.
XRP was trading at around $2.52, down 2.94% in the last 24 hours at press time. Source: XRP price via Brave New Coin
“With excessive leverage purged and structural risks reduced, the market setup now looks far healthier. We view the coming weeks as an opportune window for capital deployment,” noted K33 Research in its latest report.
However, short-term momentum remains fragile. The Relative Strength Index (RSI) hovers around 35, signaling weak upside conviction. To confirm a stronger breakout, traders are watching for a decisive move above the 200-day Exponential Moving Average at $2.63. Clearing this level could open the door for a test of the $3.00 psychological barrier.
$10 Target Gains Traction Among Analysts
While near-term volatility may persist, the technical and fundamental signals surrounding XRP price have grown increasingly constructive. The breakout from a decade-long descending channel, rising institutional participation through regulated derivatives, and oversold technical conditions all point toward a potentially transformative phase for the cryptocurrency.
If these trends continue, analysts believe XRP could set its sights on the $10 price target, a level not seen before. The next few weeks may prove crucial in determining whether this pattern develops into a full-fledged bull run or faces renewed resistance.
For now, XRP remains above the key $2.50 support, and traders are closely monitoring whether this momentum can turn into the breakout that many have anticipated for years.
