A crypto analyst claims that the XRP community should pay attention from June 4 to June 6. Here’s why.
The price of XRP is nearing $2.20 again after experiencing slight increases over the last 24 hours. It is worth noting that the price of the cryptocurrency has experienced volatility over the past week. After briefly surpassing $2.65 in early May, $XRP was unable to maintain its momentum, instead showing a downward trend until reaching $2.10 on the last day of May.
In this context of price fluctuation, there has been debate about when the next significant movement of XRP will occur. A new analysis from a cryptocurrency analyst suggests that XRP investors should be on the lookout for the period from June 3 to June 6.
A cryptocurrency analyst predicts the timeline for the low and breakout price of XRP
A cryptocurrency analyst, known by the pseudonym WatersAbove, has highlighted specific dates on the calendar that could influence the price trajectory of XRP in the short and long term. On the social media platform X to share his perspective, the analyst suggested that from June 4 to June 6, XRP might hit a low before a significant increase occurs.
However, aside from this low, the most important factor is the potential price manipulation that could take place during this period. According to the cryptocurrency analyst, this particular window, between June 3 and June 6, is likely to be characterized by market manipulation, as large participants may be trying to shed weak positions before a more decisive rally. "In the meantime, stay alert for next week," said the analyst.