XRP Eyes $6.20 Target Despite Market Correction: Analyst Bullish Outlook

XRP defies recent market turbulence as analysts project a staggering climb to $6.20—a target that would represent one of the most dramatic rebounds in crypto history.

Technical Resilience Meets Market Skepticism

While the broader market experiences typical volatility cycles, XRP's underlying metrics suggest this isn't your average correction. Trading patterns and institutional accumulation data point toward sustained bullish momentum despite short-term price action.

The $6.20 projection represents over 800% upside from current levels, a figure that would make traditional finance veterans choke on their morning coffee—but then again, they're still trying to figure out how to short something that trades 24/7.

Market analysts note that previous resistance levels have transformed into support zones, creating a technical foundation that could support the ambitious price target. The real question isn't whether XRP can reach $6.20, but whether traditional finance will finally acknowledge crypto's staying power or continue pretending it's just a 'phase.'

XRP To $6.20, Says Cryptocurrency Analyst

Leading cryptocurrency analyst MikyBull shared a chart on TradingView signalling that XRP is flashing bullish patterns in the charts. He predicted that Ripple’s native token could experience a breakout soon, reaching new highs. According to the analyst, accumulating the token now at $2.80 could bring tremendous profits to investors.

shared another chart on X. The analyst predicts that XRP could break out in price and hit a new all-time high of $6.20. That WOULD be an uptick and return on investment (ROI) of approximately 120% from its current price of $2.80.

$XRP

One of the most bullish patterns, the breakout will be wild. pic.twitter.com/qqFRXGy4we

Therefore, an investment of $1,000 in XRP now could turn into $2,200 if the forecast turns out to be accurate. That’s stellar returns, as not every financial asset can double an investor’s money. The Ripple’s native token is among the most sought-after assets and could gain a significant inflow of funds if the SEC approves the ETFs in November.

Leading asset management firms have applied for an XRP ETF, and the SEC will decide in November. The sky is the limit for the altcoin if the approval goes through. Institutional funds could power the Ripple’s token to new highs as the trading activity would be high.