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XRP holding above $2.25: XRP price consolidates above the key level of $2.25, with $3.00 as the next critical breakout point.
Potential big move by June 16: Increased whale activity and legal updates hint at an escape towards $8-13 - if $3.00 is cleared.
XRP Price today remains steady above the key level of $2.25, a critical support area based on the Fibonacci retracement of 0.382. This level has been closely monitored for months and aligns with the mid-June timing window noted by several analysts as a potential turning point.
XRP Price Analysis: All Eyes on $2.25 and $3.00
According to an analyst, after testing lows around $2.10 - $2.20, XRP has bounced back and is now consolidating above $2.25. The price is moving within a narrow pattern, with resistance at $2.50 and $2.65. A breakout above these levels could push XRP towards the $3.00 mark. A higher approach to $3.00 would confirm a massive escape.
Volume has decreased, indicating a potential escape is nearing. On-chain data also shows increased transfer activity and whale accumulation, often a sign of a big move ahead.
XRP Price Forecast Ahead of June 16 Deadline in the Ripple vs. SEC Case
Explosive Targets: $3 First, then $8 to $13
If XRP breaks above $2.65 and $3.00, analysts expect it to reach $8-13, especially if legal clarity improves or ETF news enhances sentiment. These targets are based on wave analysis and long-term chart patterns.
According to analyst EGRAG CRYPTO, the 'Guardian Arch' is a long-term price projection for XRP, indicating a potential rally towards $20-27. It relies on timing and structural analysis, assuming XRP maintains its fragile setups over time.
Downside Risks: Watch $2.20
A break below $2.20 would weaken the bullish case and open the door for a drop towards $1.80 or lower. If legal setbacks or market corrections hit, XRP could drop to $1.25-$1.50.
Traders should also be cautious of sudden pullbacks - even positive news can trigger short-term profit-taking.
The Bottom Line
XRP is nearing a big move. Holding above $2.25 is key for the bulls, with $3.00 as the next major test. A breakout could lead to much higher levels, but a drop below $2.20 would flip the outlook. Stay alert - volatility is coming.