Analyst Predicts XRP Price Could Reach $6.5 by May 10

Analysts are focusing on XRP, with predictions suggesting a rise to $6.5, indicating a potential 200% increase from current prices. Key insights include:

Technical analysis by ‘Cryptarch_’ indicates a major price breakout could occur at $6.5.
Ideal entry point is set at $2.10, with a stop-loss at $2.00.
XRP has formed a Descending Triangle and may be reversing trend as indicated by the Relative Strength Index (RSI).
Resistance levels identified at $2.49, $3.00, and $3.39.
Critical resistance at $3, previously linked to significant price movements.
Projected upper price target of $6.82, with recommendations to exit at $6.5 for profit-taking.

Key Date

May 10, 2025, is noted as a crucial date where XRP could either break the $3 resistance or face a pullback to $1.61.

Additionally, Bitcoin's performance, particularly if it breaks above $89,000, may influence altcoin rallies, including XRP.