XRP News Today: XRP Analyst Predicts 464% Rally Amid Bullish Signals

Crypto analyst CryptoInsightUK released a video on June 9, expressing a highly optimistic outlook for XRP. The analyst identified a convergence of technical signals that he believes could pave the way for a significant upward movement in the cryptocurrency's price. By drawing parallels to previous market cycles, the analyst noted the reappearance of a signal that previously preceded a 464% rally in XRP, suggesting that this could mark the beginning of a similar explosive breakout.

On June 8, XRP recorded its highest 4-hour close since May 23, breaking out of a prolonged range. The token has entered what the analyst described as a “dense area of liquidity,” a crucial technical zone that has historically preceded impulsive price action. Notably, XRP is leading Bitcoin in this move, rather than following it. The analyst emphasized that XRP is currently leading Bitcoin on this move, a dynamic he has been anticipating for some time. He believes that XRP could lead other altcoins and potentially initiate an alt season.

The analyst also sees further confirmation in Bitcoin’s setup. Bitcoin is still consolidating but pushing above the $111,000 liquidity zone. A move into that zone, he said, would “give us confluence that the price action XRP’s displaying is not a fakeout.”

Structurally, XRP’s trend remains intact. Despite recent pullbacks, the token has maintained its higher-low formation, a signal of technical strength. More importantly, XRP/BTC is beginning to show momentum reversal. The analyst highlighted a specific line on the XRP/BTC chart, referred to by fellow analyst Credible Crypto as the “Gandalf line”—a level that has acted as a pivot point for years. XRP has now closed above it on the 4-hour chart. The analyst noted that XRP has “wicked into it, bounced off it. We lose it, we get pushed down hard. We break it, we normally really go for it.”

Zooming out, the analyst pointed to the weekly RSI (Relative Strength Index) on XRP’s price chart. If the current weekly candle closes above the RSI’s simple moving average, it would be the first time since XRP’s breakout off the lows—an event that previously triggered a 464% move to $2.70. The analyst explained that if a bullish cross close occurs, a 464% move from the current level would take XRP to $13.05. He predicted that XRP could reach approximately $12 on this push.

Moreover, the analyst anticipates a 325% move in XRP/BTC based on historical ratios and a potential surge in XRP dominance toward 14%, with an even more aggressive Elliott Wave count pointing to a possible move to 20% dominance. The analyst referenced classical technical accumulation structures, noting that XRP has completed a Wyckoff accumulation and is now in the sign of strength phase. He emphasized that the risk-to-reward on the downside is too large at that point, and even if XRP goes significantly higher, anyone who has experienced a 20x move should consider taking some money off the table.

Despite the bullish setup, the analyst made clear he plans to de-risk between $8 and $13, emphasizing capital preservation after a potential 20x move from 50 cents. He concluded the analysis with cautious optimism, advising not to start counting one's Lambos yet, but also to start scrolling the magazine. For now, all eyes are on XRP’s price action and Bitcoin’s staying power above $111,000. If both confirm, as he put it: “It’s game on.”

At the time of reporting, XRP was trading at $2.44.