XRP News Today: XRP Poised for 227% Surge to $6-$8 Says Analyst

Crypto analyst Cantonese Cat, in a livestream on June 15, asserted that XRP's prolonged sideways movement is not a sign of weakness but rather a build-up of energy for a significant breakout. Despite trading within a narrow range for over half a year, the analyst believes that XRP is poised for a powerful move, potentially reaching $6 to $8 once it breaks out of its current technical constraints.

Cantonese Cat pointed out that XRP has been adhering to a long-standing monthly Gann arc structure since late 2024, which he interprets as a sign of strength. The repeated tests of this arc, combined with the price holding above key support zones, indicate that XRP is merely consolidating before a potential surge. He emphasized that the current price action is just below the next major Gann resistance level, which aligns with a Fibonacci extension target between $6 and $8. A clean breach of this level could mark the start of XRP’s long-awaited parabolic run.

The analyst also highlighted that XRP has already broken above the monthly Ichimoku Cloud, a significant bullish milestone. He noted that XRP has held the Tenkan and Kijun lines without falling back into the cloud, which is a textbook structure of a confirmed trend reversal. This broader structure, according to his analysis, is a classic breakout setup where a horizontal level was cleared, back-tested, and is now serving as support.

Cantonese Cat dismissed the apparent stagnation in the market as noise, suggesting that XRP is compressing in a low-volatility zone—a typical prelude to a high-volatility expansion. He views the persistent adherence to long-term support levels as an indication that XRP is simply coiling beneath resistance, rather than showing structural damage. Despite other assets like Bitcoin and Solana capturing headlines, he sees XRP’s dormancy as a delayed opportunity rather than a failure.

The analyst did not provide a specific date for the breakout but emphasized the price levels to watch. If XRP clears the monthly Gann arc and maintains strength above the 0.86 Fibonacci zone, the $6–$8 range comes into play. These levels would not only exceed previous all-time highs but also flip sentiment from apathy to euphoria in a matter of weeks. Until then, he warned that XRP’s breakout might not announce itself loudly, but when it comes, few will be positioned.

At the time of the livestream, XRP was trading at $2.20. Cantonese Cat concluded by urging viewers not to underestimate XRP’s potential, suggesting that those who are still sleeping on it might want to wake up soon.