XRP Price Prediction: $3.57 Target After Breakout?
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Veteran wave technician BigMike7335 predicts a significant XRP price rally, potentially reaching $3.57. This prediction follows a confirmed breakout above a six-month neckline resistance level at approximately $2.40. The breakout is viewed as a textbook reversal, completing an inverted head-and-shoulders pattern within a larger five-wave advance. This pattern's measured move suggests a price target near $3.58, aligning with BigMike7335's projection. Technical indicators support the bullish outlook, with the daily RSI reclaiming the 60-line, and the stochastic oscillator accelerating upwards. Market profile data reveals that the breakout has cleared a significant volume node between $2.30 and $2.50, indicating reduced overhead supply. However, a key risk level is identified at $1.66027; a break below this level would invalidate the bullish thesis. The analyst highlights the breakout's occurrence while the market was focused on Coinbase's inclusion in the S&P 500, suggesting a potentially overlooked opportunity. The current price of XRP is around $2.60, leaving potential upside before the predicted target. The timeframe for reaching the $3.57 target is estimated to be around Wednesday, June 18, 2025. This analysis combines technical chart patterns, momentum indicators, and market profile data to support a bullish projection for XRP.
(Source: https://www.newsbtc.com/xrp-news/xrp-surges-past-neckline-analyst-rally-3-57/)
