XRP: Analyst Predicts Potential 718% Surge to $27 by June

Cryptocurrency enthusiasts and investors are buzzing with excitement as an analyst forecasts a significant jump in the price of XRP, hinting at a potential new high for the digital coin.

XRP Potential Big Jump to $27 in 60 Days?

An analyst suggests that XRP could hit $27 by June, based on a recurring pattern in its price history similar to the major crypto boom in 2017 and 2018. This prediction hinges on a potential 718% increase from its current value. The crypto market has been volatile lately, and XRP has felt that too, much like other digital coins.

Is The XRP Bottom Finally In? Experts Weigh In

The XRP price fell to $2.0238 on Monday, potentially forming a local bottom. Since then, it has risen almost 6%, but the possibility of further decline remains. Chartists CasiTrades and Charting Guy have shared their perspectives. According to CasiTrades, XRP appears to have tested the 0.786 Fibonacci retracement at $2.05 and is showing bullish divergences across multiple timeframes, indicating both short-term bounces and a potential macro recovery.

XRP Recovery Stalls; Bears Still In Control?

XRP price started a fresh decline from the $2.20 zone and is now consolidating. The price faces hurdles near the $2.120 level and is trading below $2.150 and the 100-hourly Simple Moving Average. A connecting bearish trend line is forming with resistance at $2.120 on the hourly chart. XRP failed to clear the $2.20 resistance zone and declined below $2.150 and $2.120 levels, similar to Bitcoin and Ethereum.

Grayscale Files Updated S3 for Potential XRP ETF

Grayscale has submitted an updated S3 registration statement to the SEC, hinting at the inclusion of XRP in its Digital Large Cap Exchange-Traded Fund. This move comes amid recent Bitcoin ETF approvals that have transformed crypto market trends. The SEC has set an initial decision deadline for May 3 for the GDLC shares registered under the Securities Act of 1933.