XRP Targets $6.5 Surge as Bitcoin Breaks $89,000

Analysts are closely monitoring the XRP price, with predictions suggesting a potential surge to $6.5. This forecast is based on bullish momentum indicators and a key date highlighted by a market expert. The analyst, known as ‘Cryptarch_’ on TradingView, has identified an ideal entry point at $2.10 with a stop-loss at $2.00, indicating strong confidence in XRP’s bullish potential while managing downside risks.

Cryptarch_’s technical analysis reveals a Descending Triangle formation in XRP’s price chart, supported by a break in the daily Relative Strength Index (RSI) downtrend. Although XRP’s RSI has been declining since late 2024, a recent upward cross into bullish territory suggests a possible trend reversal. The analyst has outlined a multi-stage move, where XRP is expected to rally upwards while bouncing across multiple resistance zones at $2.49, $3.00, and $3.39.

According to the analyst’s chart, XRP is expected to first break out of the Descending Triangle before moving toward the critical resistance zone at $3. This level is significant as it was the site of a major price pump on March 2, 2025. After struggling at the $3 resistance, XRP is projected to bounce and move higher, potentially retesting current all-time highs. The goal is to make $3 a strong support level, from which XRP is projected to surge toward $6.5, with a potential upper price target of $6.82. The analyst suggests exiting the market at $6.5 to lock in profits safely before reaching a major resistance zone.

A critical element in Cryptarch_’s bullish forecast for XRP is the timing. According to his chart, Saturday, May 10, 2025, is a key date to watch. This day could serve as an inflection point where XRP could either break above the $3 resistance zone with strong momentum or face a temporary rejection, triggering a potential pullback to $1.61. Additionally, the Bitcoin price action plays a significant role in XRP’s future price outlook. A breakout above $89,000 in BTC could serve as a catalyst, igniting a rally across altcoins, including XRP. At the time of writing, Bitcoin has already cleared this critical level and is trading at $91,872.