XRP Price Prediction: Stunning Charts Signal Potential Rally to $3 in June
Are you holding XRP or watching its price movements closely? The crypto market is buzzing with speculation, and recent analysis suggests that XRP might be gearing up for a significant move. Based on multiple technical, onchain, and derivatives market indicators, a potential XRP price prediction towards the $3 milestone in the coming days is on the horizon.
Exploring Bullish XRP Charts
Several chart patterns are painting a bullish picture for XRP this month. Let’s break down the key setups:
- Falling Wedge Pattern: On the weekly chart, XRP is trading within a falling wedge. This pattern is typically seen as a bullish reversal signal. The price faces resistance near the upper trendline at $2.43. A sustained weekly close above this level could pave the way for a rise towards the wedge’s target, potentially reaching $3.20. This represents a significant gain from current levels, suggesting the upside momentum isn’t exhausted.
- Ascending Triangle Pattern: Looking at the daily timeframe, XRP appears to be forming an ascending triangle. This pattern indicates potential upward continuation after a recovery period. For the rally to continue, XRP needs to close above the resistance line around $2.60. The measured target for this pattern sits at $3.50, offering an even higher potential gain. This formation follows a substantial recovery from recent lows, indicating a potential coil before resuming an uptrend.
Why XRP Technical Analysis Points Up
Beyond standard price patterns, technical indicators also support the bullish outlook. The relationship between XRP and Bitcoin (XRP/BTC pair) shows a growing bullish divergence.
While the XRP/USD price has formed lower highs over a multi-year period (2019-2025), the Relative Strength Index (RSI) on the monthly chart has shown higher highs. This divergence often signals weakening in the prevailing downtrend and can precede a significant price reversal as buyers step in.
Furthermore, the XRP/BTC pair itself is facing resistance. A break above the 0.00002530 BTC to 0.00003375 BTC range, particularly above the 100 Simple Moving Average, could fuel a strong move. An asymmetrical triangle on the daily XRP/BTC chart points to a potential breakout towards 0.00003609 BTC by XRP June target, a substantial gain from current levels and aligning with historical price points around $3.
Onchain Data Supports the Potential XRP Rally
It’s not just charts; onchain data provides further confidence. The 90-day spot taker cumulative volume delta (CVD) for XRP has turned positive. CVD measures the difference between buy and sell volume over a period. A positive CVD means that buy orders (taker buys) are dominating sell orders. This indicates sustained demand and accumulation by traders, even after recent price pullbacks.
This shift from earlier sell-side pressure and neutral conditions to clear buyer dominance suggests optimism in the market. As long as the CVD remains positive, it signals that buyers are actively supporting the price, setting the stage for potential upward movement, mirroring dynamics seen in past rallies.
Conclusion: Is $3 in Reach for XRP?
Combining the signals from the falling wedge and ascending triangle patterns, the bullish divergence in the XRP/BTC pair, and the positive shift in spot taker CVD, the technical and onchain landscape for XRP appears increasingly favorable. While resistance levels need to be cleared, multiple indicators converge on the potential for a significant XRP rally towards or even exceeding the $3 mark in June. As always, market analysis is not financial advice, and readers should conduct their own research and consider risks before making investment decisions.
