XRP News Today: XRP Price Targeted to Reach $6 by June End Amid Volatility

An analyst has set a timeline for the price of XRP to reach $6 before the end of June, according to a tweet by crypto enthusiast XRP DRAGON. The tweet included a chart that showed a dramatic upward movement in XRP’s trading trajectory, suggesting significant volatility and momentum in recent sessions. The chart highlighted a price of $2.17638 and a timeframe tag of “8d 9h,” indicating that the projected surge to $6 is expected within the final days of June.

The tweet emphasized XRP’s price potential for a substantial short-term breakout, possibly spurred by an evolving macro and regulatory landscape. The accompanying chart illustrates a significant bullish surge, with candlestick bars showing XRP rallying from under $3 to over $9 within a very short time frame. This prediction comes despite ongoing regulatory scrutiny in the United States, primarily due to the SEC’s legal action against Ripple. The long-standing lawsuit has introduced uncertainty around institutional investment and has slowed formal market endorsements, such as ETF approvals.

Community reactions to the prediction reflect a divided sentiment. Some users, such as Ttmoto, offered a cautious view, stating that XRP’s major price movement is unlikely to occur until the conclusion of the SEC lawsuit against Ripple. According to their comment, broader altcoin market movements—referred to as “alt season”—will likely align with the resolution of the case, in combination with a U.S. interest rate cut and the potential approval of an XRP-based exchange-traded fund (ETF). The view underscores the belief that macroeconomic and legal clarity remain prerequisites for a sustained XRP rally.

In contrast, another user, Juanky, criticized the lowered expectations from earlier projections. The user pointed out that some analysts previously forecasted double-digit prices for XRP in the short term, only to now revise their estimate to $6. Their comment sarcastically implied that the asset may not close the month as strongly as predicted, stating that it might end June at around $1.80. This highlights the skepticism and varying opinions within the XRP community regarding the asset's short-term price potential.

Despite the regulatory headwinds and divided community sentiment, predictions such as the one highlighted by XRP DRAGON continue to emerge, underscoring persistent optimism among segments of the XRP community. The technical chart displayed alongside the tweet shows an aggressive price acceleration, with a vertical price rally from around $2 to nearly $10. While the chart does not include time-axis labels or source attribution, the implication is that the projected price action could occur within days, consistent with the commentary predicting a $6 target before the end of June.