Could $10 Be Next This Cycle?

XRP is seeing a renewed breakout from the Upbit, similar to the 2024 trend that preceded the sharp price rally. Read more.

Ripple’s XRP token is once again attracting attention. Large amounts of tokens leave major exchanges, including Upbit and Binance. The last time this happened to Upbit in late 2024, the price of the asset rose significantly. Now, similar exits are being seen, raising questions about what might come next.

XRP Supply on Upbit Drops Again

In November 2024, XRP reserves on Upbit dropped from 6.6 billion to less than 6 billion. During that time, the token rose from $0.5 to $3.29, according to analyst CW. This decline in available assets was followed by a strong rally.

A similar movement seems to be happening now. At the beginning of January 2026, XRP reserves on Upbit started to fall again. As that happened, its price went up to about $2.3. Fewer tokens on exchanges generally suggest reduced selling pressure, as more users move their holdings to private wallets.

However, the current decline is not as sharp as that seen in 2024, but the pattern is general. Traders are watching to see if history will repeat itself.

Furthermore, Upbit is not the only exchange to see XRP delisting. Binance also recorded a continuous decline in reserves. As of October 2025, more than 300 million XRP have been issued on the platform. Its resources decreased from more than 3 billion to 2.68 billion.

While this was happening, the price of XRP dropped from over $3 to around $1.8. However, the chart shows recent recovery, and the price is now back above $2.

Market Ratings and Analyst Views

As of press time, XRP is valued at around $2.10. It is down about 6% in the last 24 hours but is up more than 16% in the last week. The recent decline from $2.28 shows that this level is acting as resistance. Technical trader CRYPTOWZRD said,

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“Further declines in XRPBTC are still possible.”

They also noted the formation of a double top pattern, which could lead to further declines unless buyers intervene soon.

Some analysts are still optimistic. Chartist Ali Martinez shared that TD’s buy signal continues, while Elliott Wave expert XForceGlobal sees a big move. The analyst said that XRP may already be in the early stages of a new uptrend, adding:

“XRP has already completed a five-wave decline.”

Speaking further, he sees $5 as a reality and even said that $10 to $20 is possible during the current cycle. He noted that a dip in the $1.30–$1.50 range is still possible.

Meanwhile, XRP’s performance in early 2026 has caught the interest of investors. It surpassed Bitcoin and Ethereum in the first week of the year. CNBC called it “the hottest crypto trade of the year,” we note a shift in attention to XRP as traders look for alternatives.

The US-listed XRP ETF continued to see steady inflows through January. This flow is seen as a sign of increasing interest from large investors. Combined with the fall offered in trading, some traders believe that this may set the stage for further gains – if important levels such as $2.28 are cleared.