XRP Bullish Structure Remains Bullish: Analyst Releases 3 New Targets | Bitcoinist.com

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Crypto analyst Klejdi has assured that the XRP bullish structure remains intact despite the recent pullback. The analyst indicated that the pullback is part of the bigger picture, while highlighting three targets the altcoin could hit once it reverses to the upside

XRP Bullish Breakout Still On The Horizon

In a TradingView post, Klejdi suggested that XRP’s bullish breakout was still on the cards, although a pullback could come before the gains. This came as he noted that the altcoin had broken out of a larger bullish pattern, signaling the end of its accumulation phase. However, he added that short-term uncertainty could XRP lower with the market’s attention on the US-China trade deal and the Trump-Musk developments

Related Reading: XRP Price Could Surge To $15 As Crypto Analyst Predicts ‘XRP Summer’Klejdi predicted that the XRP price could drop to around $2.17 due to this market uncertainty. However, despite the short-term volatility, the crypto analyst remarked that the altcoin’s broader bullish structure remains intact, indicating a strong upside potential in the coming days or weeks

He also revealed that $2.4, $2.6, and $2.8 were the targets that XRP could reach on this potential move to the upside. A rally to $2.8 could pave the way for a rally above the psychological $3 level

Source: Kledji on XCrypto analyst CasiTrades also recently commented on the XRP price action and revealed what to expect. The analyst declared that the altcoin could break out of its consolidation structure by June 16, which is also the deadline for the SEC to submit a status report on its filing for an indicative ruling in the XRP lawsuit. She predicted that the altcoin could rally to as high as $13 if this marks the bottom

However, XRP and the broader crypto market are facing a lot of uncertainty following Israel’s strike against Iran. Iran has retaliated, further escalating tensions between the two countries. Similar attacks in the past have had a significant impact on the crypto market

XRP Could Still Drop To As Low As $1.55

In an X post, CasiTrades declared that the support levels at $2.01, $1.90, and even $1.55 are still very much in play as long as $2.25 holds as resistance for XRP. She claimed that the altcoin is also heading straight into the apex of this macro consolidation, with very little time left. The analyst added that this is likely a final support touch before a major breakout

Related Reading: XRP Price Remains Bullish Above $2, This Falling Channel Says $3.8 Is ComingThis aligns with Klejdi’s analysis that XRP could suffer a significant pullback before the massive gains. Crypto analyst CasiTrades also believes that deeper support levels are more likely to get tested before the breakout to the upside.

At the time of writing, the XRP price is trading at around $2.09, down over 6% in the last 24 hours, according to data from CoinMarketCap.

XRP trading at $2.1 on the 1D chart | Source: XRPUSDT on Tradingview.comFeatured image from Getty Images, chart from Tradingview.com Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.