The price of $XRP is attempting once again to surpass $2.20 after rising slightly in the last 24 hours. The price action of the cryptocurrency has been volatile over the past week. After briefly rising above $2.65 in early May, $XRP failed to maintain momentum, dropping to recover at $2.10 on the last day of May. In this context, there are discussions about the timing of the next major price movement of $XRP . A new perspective from a cryptocurrency analyst suggests that XRP investors should pay attention between June 3 and June 6.
A cryptocurrency analyst known as WatersAbove highlighted specific dates that could play important roles in the short and long-term price trajectories of XRP. Using the social platform X to share his view, the analyst suggested that June 4 to June 6 could mark the bottom for XRP before any significant rally. However, beyond this bottom, the most important factor is the potential price manipulation that may occur during this period. According to the analyst, this window between June 3 and June 6 will likely be characterized by market manipulation, with big players trying to eliminate weaker investors before a more decisive rally.
What made the analyst's forecast even more interesting was the projected price target and timing after the manipulation ends. According to the analyst, XRP could follow a straight path to $10 by the end of July or early August, almost a 5x move from current levels. This kind of breakout, if it occurs, would mirror XRP's explosive run in the fourth quarter of 2024 and also in 2018. However, this time, much more inflows will be needed, which can be obtained with institutional support. Interestingly, the analyst predicts that the rally will begin around June 18 in a linear fashion.
Although the forecast is bold, it is not the first time such a target has been suggested by long-time supporters of XRP. According to a similar analysis from EGRAG CRYPTO, XRP is about to break into double digits in the coming months. Cryptocurrency analyst Dark Defender also highlighted a new wave structure that could push XRP's price to the range of $18.22 to $23.20 in the short term. On the other hand, cryptocurrency analysts like Dr. Cat (@DoctorCatX) are less optimistic. Notably, the analyst's technical analysis suggests that any bullish run for XRP may be delayed until November 2025. At the time of writing, XRP is trading at $2.20, with a rise of 1.63.
