XRP Prices Could Climb to $2.85 by June as Bulls Gain Control

AI-powered technical analysis indicates that XRP could surge to $2.85 by June 1, as the failure of a major bearish pattern sets the stage for a bullish reversal.

Imagine a basketball player faking a jump shot, then pausing just before taking off. The defender, anticipating a quick shot, jumps too soon, leaving an open opportunity for the offensive player to drive to the basket or take an uncontested shot. This scenario is similar to XRP’s recent price action, where a failed bearish pattern has opened the door for bullish momentum to take over.

XRP, the digital asset used by Ripple for cross-border payments, formed a head-and-shoulders topping pattern from December to April, signaling a potential shift from bullish to bearish market control. The breakdown of this pattern occurred in early April when XRP’s price fell below $2 and dropped quickly to $1.60.

Despite expectations for further declines toward $1.20, XRP made a quick recovery, breaking back above the $2 mark and invalidating the bearish outlook. This rapid reversal trapped bearish traders, much like the basketball defender caught out of position. Since then, XRP’s price has risen past the $2.50 level, signaling the end of the downtrend from the January high of $3.40.

Now, with the bears sidelined, the bulls have a clear path to target the January high and potentially reach new price levels.

This optimistic outlook is supported by XRP’s trading position above its 200-day simple moving average. Even during the broader crypto market sell-off in early April, when Bitcoin dropped below $75,000, XRP held above this key moving average, further bolstering its bullish case.

The upward momentum is also supported by increased trading volumes, signaling confidence among traders, as noted in CoinDesk Research’s AI-assisted technical analysis.

“The breakout above the $2.40 resistance level, accompanied by high volume, triggered strong buying pressure, with the price forming an ascending channel pattern,” the model stated. “AI projections suggest XRP could hit $2.85 by June 1, with some analysts predicting much higher targets, ranging from $3.33 to as high as $15.”

The positive sentiment is further supported by Ripple’s ongoing victories in court against the SEC and growing optimism in the market, especially with the crypto-friendly policies under the Trump administration.