XRP Community Should Watch June 4-6, Says Crypto Analyst

Crypto analyst WatersAbove signals that June 4-6 may mark a key moment for XRP, potentially indicating a price bottom before an anticipated rise. He’s projecting a target of $10 by late July or early August, a hefty increase from today’s $2.20 price point. Meanwhile, there are mixed feelings among analysts regarding the timeframe for XRP’s next bullish phase, with some suggesting volatility could persist for longer.

XRP enthusiasts are feeling a bit of excitement as crypto analyst WatersAbove has recently highlighted some crucial dates for the coin. The spotlight is on June 4 through June 6, which the analyst believes may signify a bottom for XRP’s price, currently hovering around $2.20 after a slight bounce in the last day. Recent trading has certainly been a rollercoaster, as XRP previously soared above $2.65 in early May but then fell to $2.10 by the end of the month.

In his analysis shared on social media platform X, WatersAbove has pinpointed these three days in early June as key for XRP’s near-term and longer-term performance. He hints that this period might witness price manipulation as larger market players try to shake out those trading with less conviction before any potential upside. “Watch closely,” he cautions, hinting that investors should be prepared for what might come ahead.

What’s fascinating here is that WatersAbove suggests a significant price surge may follow the manipulative phase. He forecasts that XRP could reach as high as $10 by late July or early August, marking an almost 5x increase from current levels. This would echo previous explosive gains for XRP, making it sound quite enticing for investors. However, such a jump would likely require hefty institutional investments to fuel the growth.

Moreover, the analyst predicts that this potential rally could kick off around June 18, leading to a rather straight-line breakout in price. It’s a bold prediction, of course, and while it isn’t the first of its kind, it does raise eyebrows among long-time XRP investors looking for signals of hope. Other analysts like EGRAG CRYPTO and Dark Defender have also chimed in, with optimistic projections of double-digit prices coming soon and short-term targets reaching up to $23.20.

On the flip side, there are some dissenting voices. Crypto follower Dr Cat (@DoctorCatX) suggests a more cautious approach, foreseeing a possible delay in XRP’s bullish run until November 2025. As of now, XRP is trading at $2.20, reflecting a modest increase of 1.63% in the last 24 hours. If the $10 target is indeed reached, it would signify a staggering 350% rise, leaving many in the XRP community eagerly watching the coming weeks.