XRP surged over 35% this week, reaching $1.42 on Friday and breaking through key resistance between $1.293 and $1.302. Analyst Crypto Patel suggested a move to $10–$20 is possible, citing past price action and adoption advantages. Whales accumulated more than 300 million tokens since the week started. On Binance, the funding rate hit 0.0101, its highest since October 2025, indicating strong long demand but also risk of liquidation if the price declines.
XRP emerged as one of the best-performing crypto assets this week, rising by over 35% and nearly 20% in the past 24 hours. The token broke through several major levels, including the previously identified $1.293–$1.302 range, before reaching $1.42 on Friday.
According to Diana’s findings, this may represent a “confirmed breakout” that could bring the previous all-time-high zone back into focus. However, the 4-hour RSI remains around 83, indicating extremely overbought conditions. A failure to hold $1.30 could cool momentum and make $1.20 the key support to defend.
Analyst Crypto Patel said that a move toward $10 for XRP should not be dismissed, pointing to the token’s past price action as evidence of its potential for sharp gains. He noted that XRP traded around $0.006 in 2017, when a move to $3 was considered impossible, before reaching more than $3 in 2018, and that it was described as “dead” in 2023 before surging from $0.50 to $2.60 in November 2024.
Taking factors such as fast transactions, low fees, and real-world payment adoption into account, the analyst said that “$10‑$20 is absolutely on the table.” Adding to the bullish backdrop, XRP whales have continued accumulating. Data cited by analyst Ali Martinez revealed that large holders acquired more than 300 million tokens since the start of the current business week.
Activity in the XRP derivatives market on Binance is also picking up. CryptoQuant revealed that the funding rate reached 0.0101, its highest level since October 2025. The current funding rate is well above its 30-day moving average, demonstrating how much stronger demand for long positions is compared with the recent average.
As more traders build long positions, the cost of maintaining those positions rises, leaving the market more exposed if XRP suddenly moves lower. A sharp decline could trigger liquidations among leveraged traders and add pressure to the price. If funding stays elevated while XRP remains stable or continues higher, it would point to steady demand in the derivatives market. A decline in funding could signal that speculative interest and bullish momentum are starting to weaken.
