XRP Eyes $2.85 by June as Bulls Take Over After Bearish Pattern Breaks
AI-driven technical analysis shows XRP could surge to $2.85 by June 1, as a key bearish pattern fails and opens the door for a major bullish move.
Imagine a basketball player setting up for a jump shot, then holding back just before releasing the ball. The defender, expecting an immediate shot, jumps too soon, leaving the offensive player with an open lane to either drive to the basket or take a clear shot. This scenario mirrors XRP’s price action, where a breakdown in a bearish pattern has now shifted control to the bulls, presenting an opportunity for upward momentum.
XRP, used by Ripple for cross-border transactions, formed a head-and-shoulders topping pattern from December to April, signaling a potential shift from bullish to bearish market sentiment. In early April, the pattern broke down, causing XRP’s price to dip below $2, dropping as low as $1.60.
Despite predictions for a further decline toward $1.20, XRP quickly reversed course and regained the $2 level, invalidating the bearish outlook. This swift recovery trapped the bears, much like the basketball defender caught off guard. Since then, XRP has continued to rise, surpassing the $2.50 level and signaling the end of the bearish trend that started after the January high of $3.40.
With the bearish pattern no longer valid, the bulls now have a clear path to target the January high and potentially even higher levels.
This bullish outlook is supported by XRP’s position above its 200-day simple moving average. Throughout the early April crypto market sell-off, which saw Bitcoin dip below $75,000, XRP held steady above this critical average, further confirming its resilience.
The upward momentum is reinforced by a spike in trading volumes, signaling increased confidence from traders, according to CoinDesk Research’s AI-assisted technical analysis.
“The breakout above $2.40, accompanied by high volume, has ignited strong buying interest, with XRP forming an ascending channel pattern,” the model explained. “AI predictions show XRP could hit $2.85 by June 1, with some analysts setting even higher targets ranging from $3.33 to as much as $15.”
Market sentiment remains bullish, fueled by Ripple’s legal victories over the SEC and the optimism surrounding the crypto-friendly policies expected under the Trump administration, further boosting XRP’s prospects.
