XRP Prices Could Surge to $2.85 by June, Powered by Bullish Momentum
AI-driven technical analysis suggests XRP could reach $2.85 within two weeks, as the cryptocurrency shows signs of a strong upward shift in price action.
To illustrate, picture a basketball player faking a jump shot and pausing just before taking off. The defender, expecting an immediate shot, jumps prematurely, leaving an open lane for the offensive player to either drive to the basket or take a wide-open shot. This analogy mirrors XRP’s recent price action, where a failed bearish pattern has paved the way for bulls to take charge and push prices higher.
XRP, the digital asset used by Ripple for cross-border payments, formed a large head-and-shoulders pattern between December and April, signaling a potential shift in market dominance from bullish to bearish forces. The pattern breakdown occurred in early April when XRP’s price fell below $2, quickly dropping to $1.60.
Initially, analysts predicted further downside toward $1.20, but XRP rapidly reversed course, reclaiming the $2 level, indicating a failed breakdown and trapping the bears—much like the basketball defender caught off guard. Since then, XRP has steadily risen, crossing the $2.50 mark and signaling the end of the downward trend that began after the January high of $3.40.
With the bears out of the picture, the bulls now have a clear path toward retesting January’s high and potentially pushing prices even higher.
This bullish outlook is reinforced by XRP trading well above its 200-day simple moving average. Throughout April’s broader crypto market sell-off, which saw Bitcoin dip below $75,000, XRP maintained its position above this key average.
The positive momentum is further supported by a rise in trading volumes, signaling growing trader confidence in the asset’s prospects, according to CoinDesk Research’s AI-assisted technical analysis.
The analysis notes, “A key resistance at $2.40 was broken with high volume, triggering significant buying pressure as the price formed an ascending channel pattern.” Predictions from AI models suggest XRP could reach $2.85 by June 1, with some analysts forecasting much higher targets, ranging from $3.33 to even $15.
“Market sentiment remains strongly bullish following Ripple’s court victories against the SEC and post-election optimism under the crypto-friendly Trump administration,” the model added.
