Analyst Sets XRP Price Target At $6.5, These Dates Are Key 📈
The XRP price captures analysts' attention with a bold prediction of a potential rise to $6.5, suggesting a 200% increase from current levels. A new analysis by the pseudonymous market expert 'Cryptarch_' on TradingView indicates XRP is on the verge of a significant price breakout, with an ideal entry at $2.10.
The analysis reveals a bullish setup as XRP targets an all-time high (ATH), with a potential to rally through multiple resistance zones, like $2.49, $3.00, and $3.39, before aiming for a target of $6.5.
Saturday, May 10, 2025, is marked as a critical date, potentially indicating XRP's break above $3 or a temporary retreat to $1.61. The movement of Bitcoin, which has already surpassed $89,000, plays a crucial role in this analysis, possibly catalyzing a rally in XRP.
While likely to struggle at the $3 resistance, XRP's goal is to establish it as a strong support level before skyrocketing towards $6.5. Exiting at $6.5 is suggested to prudently secure profits before meeting a major resistance zone.
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