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The XRP -price again attracts the attention of analysts, with daring predictions suggest a possible increase of $ 6.5. With momentum indicators that blink bullish signals and emphasizes an important date, XRP could soon see an increase of 200% from the current level to a new of all time.
A new technical analysis of ‘Cryptarch_’, a pseudonymous market expert in TradingView, suggest that XRP is about to one Prize dropout Up to $ 6.5. The analyst marked an ideal access point at $ 2.10, coupled with a tight stop-loss for $ 2.00. This strategy reflects a strong conviction in the bullish setup of XRP and at the same time managing the risks of the disadvantage.
XRP -Prize sets sights at $ 6.5 ATH
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In his price diagram, Cryptarch_ outlined a multi-phase movement, in which XRP is expected to come up while bouncing over several resistance zones shown by the horizontal purple lines. The levels of $ 2.49, $ 3.00 and $ 3.39 are marked as the most important resistance zones.
Following the projected path marked by the yellow arrow on the graph, it is expected that XRP will first break the falling triangle before he makes a movement to the critical resistance zone at $ 3. This level has a meaning because it was the site for one Prize pump On March 2, 2025 – a historic step that could not serve as a strong indicator for future price action.
Cryptarch_ suspected that the XRP price will probably struggle on the $ 3 resistance. After that it is expected that it bounces and go higher, possibly re -test Current highlights of all time.
The purpose of this bullish setup is to earn $ 3 A Strong level of support. From there, XRP is expected to rise to $ 6.5, with a potentially upper price objective of $ 6.82. Although a higher increase would yield better profits, the HandelsView analyst proposes to leave the market at $ 6.5 to safely increase the profit before a large resistance zone is reached.
Head date to pay attention
Timing is a key element in the Bullish Prognosis of Cryptarch_ for the XRP price. According to his graph, Saturday 10 May 2025 stands out as a critical date to look at.
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He marks this day as a potential bending point, where XRP or above $ 3 resistance zone with a strong momentum could break or experience a temporary rejection, an activated potential withdrawal up to $ 1.61.
Interesting that the Bitcoin -Price promotion Also plays an important role in the future price views of XRP. Cryptarch_ revealed that A Breakout above $ 89,000 In BTC could serve as a catalyst, in which a rally ignored altcoins, including XRP. It is worth noting that Bitcoin has done all that Erased this critical level and trades at $ 91,872 at the time of writing.
Featured image of Adobe Stock, Chart van TradingView.com
Credit : www.newsbtc.com
