XRP could be on the verge of a major breakout, as a leading crypto strategist predicts a price surge to $6.29. This bullish forecast is gaining traction despite ongoing legal battles with the SEC and bearish market signals. With growing anticipation around the upcoming SEC digital assets conference, optimism is rising within the Ripple community.
XRP Price Eyes Breakout Despite Bearish Signals
XRP is trading around $2.28 and has stayed between $2.65 and $2.27 for most of May. A TradingView analyst, MasterAnanda, predicts XRP could soon rise to $4.50, and possibly $6.29 — a 170% gain from now.
The analyst says XRP’s steady support around $2.30 shows strength, suggesting a breakout may be near. However, technical indicators like RSI and MACD remain bearish, hinting at a possible drop to $2.07 or even $1.00.
Still, the SuperTrend indicator shows support near $2.17. If XRP reclaims this level with strong volume, it could rally toward $3.00.
Community Believes XRP Doubters Could Be proven Wrong
Despite short-term worries about the SEC case, some analysts remain confident in XRP’s long-term potential. Veteran trader EGRAG Crypto still sees a target of $27 based on historical chart patterns. Others, like BarriC and CryptoGuard’s Matthew Brienen, have made bold predictions, suggesting XRP could reach anywhere from $100 to $1,000.
XRP is trading around $2.28, down 0.42% in 24 hours. While some view bullish predictions as speculative, Ripple supporters remain optimistic. They cite growing partnerships, legal progress, and better infrastructure as signs of future growth.
“Those who thought XRP would stay low might be in for a big surprise,” said analyst Xena.
Final Thoughs
The $6.29 XRP price prediction stands out against current market caution and regulatory uncertainty. As institutional interest grows and technical signals remain mixed, all eyes are on the upcoming SEC developments.
XRP is at a key turning point, with its future depending on investor confidence and legal clarity. The next few weeks could be crucial for Ripple’s trajectory.
