Is XRP About to Explode? Experts Predict $6 Despite Recent Slump

by

Key takeaways:

  • XRP was at a humble $2.82 on Thursday, yet there’s this whole “cup-and-handle” thing predicting a glorious 120% rally to $6.20. Nice, right?

  • The XRP/USD pair is *supposed* to turn $3-$3.10 into a cushion of support, while $2.80 remains a keen area of focus for those who like to chase the market’s mood swings.

Oh, the drama of XRP’s recent rollercoaster ride. Dropping to a mere $2.81 on Thursday, the crypto’s gone from its former glory of $3.66, enduring a 23% nosedive. What a week, huh?

But don’t get too comfy thinking the end is near. Technicals on the high timeframes and some overly optimistic online chatter suggest that XRP still has some gas left in the tank.

XRP Has the “Most Bullish Pattern” (According to an Analyst, Of Course)

One Mickybull Crypto-yes, that’s a thing-has boldly shared a chart pointing to the imminent breakout of XRP. A *huge* one, if you believe the “cup-and-handle” theory. Because why not, right?

According to the chart, XRP is stuck in a cup-and-handle pattern (very sophisticated, we know), and if it plays out, the price target could be a massive $6.20. That’s a 120% surge. The most bullish pattern? Who could disagree with that claim?

“The breakout will be wild,” Mickybull says. Well, alright then. Buckle up!

Meanwhile, other analysts-because there’s always more-are excited by the whale accumulation and potential XRP ETF approvals. Because that’s what crypto dreams are made of.

Dom, an independent trader, seems convinced that $3.12 is the magic number for XRP to trigger its “legendary” rally. Yes, folks, all eyes on $3.12 now.

On the eight-hour chart (yes, we’re all so specific), Dom says XRP has been consolidating around the monthly price level where the most trading has happened, like it’s a chill spot for crypto traders. We call it the “point of control”-fancy, right?

But hold your horses, turning that $3.08-$3.12 zone into solid support? That’s the dream. Get that right, and prepare for liftoff!

“Flipping that $3.08-$3.12 area will trigger a rally,” Dom adds, with all the confidence of a trader who’s definitely been to the moon.

That same level overlaps with the top of the cup’s handle (obviously). So, yeah, it’s kind of a big deal.

But let’s not forget, the market has a way of surprising you. XRP’s daily relative strength index (RSI) has dropped to 42 from 57 in the last seven days. Guess what that means? No, not “buy the dip”-it’s a sign that bullish momentum might be, you know, cooling off.

So, a correction down to the handle’s lower boundary at $2.55 is actually a possibility. But for those late to the party, this might be your chance to buy in low. You’re welcome.

Liquidations at $2.90 and Beyond-Let the Chaos Begin

Traders are eyeing liquidity levels above $2.90 and $3, ready for a potential upside grab. In the world of crypto, that’s when the real fun starts.

Pushing through the psychological barrier of $3 could trigger a short squeeze, sending those poor short sellers running and XRP soaring toward $3.20. But hey, no pressure.

The UTXO Realized Price Distribution (say that three times fast) shows significant support around $2.80, where a whopping 2.5 billion XRP were snatched up. So, that’s where the magic happens-at least, according to crypto lore.

This support zone should act as a safety net, preventing a deep dive into the abyss.

According to CryptoMoon (because if you’re not mooning, are you even living?), holding above $2.80 is essential for any hope of a sustained recovery. Aim for $3 and beyond, folks-maybe even break into new all-time highs. Who knows? In crypto, anything is possible. Right?

Read More

2025-10-09 16:02