MikyBull Crypto predicts that $XRP price could reach $6 this cycle, while Ripple met with UAE authorities to seek cooperation.
XRP price is in focus as crypto analyst Mikybull Crypto has revealed his targets for the altcoin this market cycle.
This comes amid the token's recent price breakout above the $2.50 resistance, with analysts such as CasiTrades predicting that it could soon break above $3 if it maintains that level.
Meanwhile, Ripple President Monica Long met with UAE officials to discuss a potential collaboration, a development that is also a good sign for XRP.
XRP price will reach $6 in this market cycle.
In an X post, Mikybull Crypto stated that his target for the XRP price this market cycle is between $4 and $6.
When questioned about the possibility of the altcoin reaching double digits, the analyst said anything is possible.
Mikybull Crypto's prediction is undoubtedly conservative compared to crypto analyst CrediBULL Crypto, who predicted that XRP could rise to $28 by the end of the year.
The analyst once again pointed to a prediction by crypto observer Ansim that Ripple's native crypto could replicate Dogecoin's price rally in the previous cycle.
Ansim opined that XRP could have one of DOGE's runs in the last cycle, with its Bitcoin pairs higher than in any previous cycle.
Meanwhile, crypto analyst AggregCrypto has made a similar prediction for Credibill Crypto, stating that the altcoin could reach between $27 and $33.
Dark Defender also expects $XRP to reach a new all-time high in this market cycle. In a recent analysis, he stated that XRP is on a third wave, which could send its price to $6.
The analyst has previously predicted that the altcoin could reach double digits in this bull run.
Ripple Meets UAE Officials to Explore Digital Payment Infrastructure
The XRP price predictions came amid Ripple President Monica Long’s meeting with His Highness Ahmed bin Saeed and other UAE officials at the Dubai Fintech Summit.
According to the Dubai Media Office, the meeting explored opportunities for cooperation in expanding digital payment infrastructure and accelerating innovation in the financial ecosystem.
Ripple plays a huge role in the XRP ecosystem, considering the crypto firm uses the altcoin for its cross-border payment services.
Thus, any potential collaboration between the company and the UAE could provide a huge boost to the $XRP price.
XRP futures open interest has increased by $1 billion ahead of a possible ETF approval in June 2025. The increase in open interest indicates a lot of interest in the altcoin among traders at the moment.
Another bullish metric for an altcoin is that there is no major resistance cluster ahead. A key support zone to watch is $2.38, crypto analyst Ali Martinez revealed.
