XRP Price Prediction: XRP Could Soar to $6.50 as Crypto Analyst Sees Breakout Fueled by Elliott Wave
The post XRP Price Prediction: XRP Could Soar to $6.50 as Crypto Analyst Sees Breakout Fueled by Elliott Wave appeared on BitcoinEthereumNews.com.
Fresh technical signals, rising institutional interest, and strengthening market sentiment are aligning to suggest a powerful breakout for Ripple’s XRP. With forecasts pointing toward a potential surge to $6.50, XRP value could soon capture the spotlight across the crypto market. Ripple XRP news has been buzzing with optimism lately, driven by bullish formations on the charts, new product launches, and expanding adoption. As market dynamics shift in XRP’s favor, traders are closely monitoring the token’s next steps, fueled by encouraging indicators and a completed Elliott Wave pattern. Analysts Eye Multi-Stage Rally for XRP According to prominent crypto analyst Cryptarch, XRP price could rise by as much as 200%, targeting $6.5 in the coming months. His detailed technical analysis points to a forming Descending Triangle pattern on XRP’s chart — a structure that often precedes major price breakouts. XRP price is expected to break the $3 resistance, and aim for an upper target of $6.82. Source: Cryptarch on TradingView Adding to the bullish case, Cryptarch_ highlighted an important shift in XRP’s Relative Strength Index (RSI). After months of decline, the RSI has begun to rise, signaling strengthening buyer momentum. He has outlined a trading strategy recommending entry at $2.10 with a stop-loss at $2.00, a setup that aims to capture gains while minimizing downside risk. Cryptarch mapped out key resistance levels at $2.49, $3.00, and $3.39. Breaking above $3.00, a level where XRP previously staged a strong rally in March 2025, could establish a solid support base for the next leg higher. “Closing positions near $6.5 would be a wise strategy to avoid potential reversals,” he advised. A critical date to watch is May 10, 2025, when XRP could either smash through $3 resistance or face a pullback toward $1.61, depending on market dynamics. Broader market trends will also play a…
Filed under: News - @ April 26, 2025 6:24 pm