Predictive Financial Analyst Forecasts XRP Value Surges Towards $6 Mark
Crypto analyst Master Ananda predicts a record-high target for XRP, following the digital asset's consolidation at around $2.30. In a TradingView post on May 27, Ananda suggests that XRP is poised for continued upward momentum, citing a strong support at the aforementioned price point and a symmetrical breakout from a falling wedge pattern.
Ananda also points to Fibonacci extension levels, with the 2.618 extension indicating a potential top of the bullish wave at $6.29. The analyst does not provide a specific timeline for when XRP might reach this target, but warns that the window for entering at lower prices may close quickly.
Meanwhile, market watcher Egrag Crypto shares key XRP price levels to watch, with renewed bullish momentum putting the cryptocurrency on a path towards resistance levels at $2.61 and $2.65. Should XRP break above the $2.65 level, it could potentially push towards $3.10, with $3.39 identified as the "golden resistance zone."
As of press time, XRP was holding firm above the $2 support level, trading at $2.34, marking a 0.14% gain in the past 24 hours and a 0.4% increase on the weekly chart. Key levels to watch for XRP moving forward include the $2 support and the $2.50 resistance zone. A drop below $2 could signal sustained losses, while a decisive break above $2.50 might set the stage for a run towards new all-time highs, assuming broader market momentum remains bullish.
[1] Express PulBlisher. (2025, May 27). XRP's Price Timeline to $6. [Press Release]. Retrieved from https://www.expresspublisher.com/pr/XRPs-Price-Timeline-to-6[2] Cointelegraph. (2025, May 31). XRP Price Analysis: June 1, 2025. [Cryptocurrency Analysis]. Retrieved from https://cointelegraph.com/news/ripple-price-analysis-june-1-2025[3] Yahoo Finance. (2025, June 3).XRP/USD (XRP). [Cryptocurrency Data]. Retrieved from https://finance.yahoo.com/quote/XRP-USD/[4] NewsBTC. (2025, May 30). XRP Price Prediction for This Week: Can XRP Rally Above $3.40 Again? [Bitcoin News]. Retrieved from https://www.newsbtc.com/news/coin/xrp/xrp-price-prediction-ripple-this-week-can-ripple-rally-above-3-4/
- Master Ananda's prediction for XRP reaching $6.29 in the future is based on a Fibonacci extension level, as he foresees a potential top of the bullish wave for the cryptocurrency in finance, given the strong support at $2.30 and the symmetrical breakout from a falling wedge pattern, which demonstrates the influence of technology in investing.
- As XRP moves forward, key levels to keep an eye on include the $2 support and the $2.50 resistance zone, as a decisive break above $2.50 could hint at a run towards new all-time highs, assuming the overall market momentum in the crypto space remains bullish, thereby indicating potential bullish trends in both the short and long term.
