Bitrue Says XRP Should Already Be At $10, Traders Are Betting It Gets There
Crypto exchange Bitrue made a bold claim Tuesday: XRP is trading at a fraction of where it belongs. With the coin sitting around $1.42, Bitrue put the fair value at $10 — more than seven times its current price and a market cap that would top $610 billion.
Derivatives Data Tells A Different Story Than The Price Chart
The numbers in the futures market are raising eyebrows. XRP’s open interest climbed to $2.60 billion, a 7% jump in a single day, according to data from CoinGlass. That kind of move during a price dip signals something specific: traders are opening new positions, and those positions are leaning long.
Analysts flagged the pattern. Short positions have not been piling up the way they typically do when a market turns bearish. Instead, traders appear to be buying into the weakness, a sign that many expect a price recovery rather than a continued slide.
XRP dropped nearly 4% over the past week. But the futures market is not behaving like one bracing for more pain.
What The Charts Say About Possible Downside
Not every analyst is calling a bottom. A separate technical analysis flagged XRP as potentially still inside a corrective pattern — what Elliott Wave traders call a Wave 2/5 retracement. Under that reading, the price could briefly push toward $1.51 before pulling back more sharply.
Key downside levels being watched include $1.12, where a double-bottom formation could take shape, and $0.87, which many traders regard as a strong long-term accumulation zone. Reports indicate some see the current price action as a late-stage shakeout — a test of conviction before a larger move upward.
That tension is sitting at the center of XRP’s current moment. The short-term and long-term pictures are not telling the same story.
Longer-term forecasts for XRP have not shifted. Price targets of $5 and higher — including the $10 figure Bitrue cited — continue to circulate among analysts and community members.
Those targets are tied to broader narratives: growing institutional interest, Ripple’s resolved legal standoff with the SEC, and expanding adoption of blockchain-based payment infrastructure.
Missouri recently moved to designate XRP as an official reserve asset — a step that adds a layer of institutional credibility the coin did not carry a few years ago.
Reports note that skeptics remain. XRP has a history of slow upward movement punctuated by sharp pullbacks, and even believers in a $10 target acknowledge that significant volatility could accompany any rise toward that level.
For now, XRP sits in a narrow range, down on the week but holding its footing. The derivatives market suggests traders are not walking away. They are waiting.
Featured image from Gemini, chart from TradingView
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