High-level XRP price analysis reveals a major pump could be on the horizon for Ripple’s price in two months. Here’s everything to know about XRP crypto.
In recent weeks, crypto markets have been hammered by a major de-risking event ahead of today’s long-feared ‘Liberation Day’, on which President Trump is expected to sign a sweeping round of global trade tariffs.
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Yet, as altcoin traders anticipated a global trade war, a Reddit survey on /r/Cryptocurrency reveals that 60% of traders believe the uncertain event isn’t ‘priced in’ to the market – suggesting a dominant bearish sentiment.
XRP Crypto Analyst Targets Mega Ripple Price Pump in Just 2 Months
Yet, despite the broader woes and concerns over trade fallout, one XRP crypto analyst, EGRAG Crypto, is predicting a major upside XRP price move in June.
In his latest Ripple price forecast, the analyst identified a rapidly emerging historical XRP price pattern that first appeared in the Ripple chart in 2018.
#XRP – $27 In 60 Days!!!!!
Historical Patterns Indicate It Can Be Done in 60 Days!
What’s your take on the current market sentiment?
Are you feeling #Bearish or #Bullish?
I’d love to hear your thoughts—drop your comments below!
pic.twitter.com/kDSAo8rENt — EGRAG CRYPTO (@egragcrypto) March 31, 2025
The original appearance of this pattern triggered a rapid price increase for XRP, eventually topping out at the 2018 XRP price all-time high of $2.44.
However, a repeat of the 13x move seems unlikely given that at present levels, this would require a trillion-dollar inflow; following the rules of crypto halvings, a 6.5x move could occur.
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XRP Price Analysis: How Is Ripple Price Shaping Up on Trump Tariff Liberation Day?
Looking at the daily chart, Ripple is currently trading at a market price of $2.11 (representing a -1.27% decline over the past 24 hours).
This comes amid a sustained range, which has now held predictably between the accumulation zone (green) and distribution zone (red) for 5 months since November.
(XRPUSDT)
Such long-standing ranging usually indicates a serious consolidation when seen on a multi-month period and could suggest an upcoming breakout is likely.
A glance at the RSI indicator reveals a large amount of upside capacity, with the momentum indicator’s low signal at 40 possibly foreshadowing a return to re-test $2.50.
Meanwhile, XRP price action remains high above the ascendant 200DMA, likely forming a strong backstop to any panic-fuelled trade war sell-off in the short term.
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Key Takeaways
- Ripple price is poised in a multi-month consolidation that suggests upside moves are imminent.
- Leading altcoin analyst EGRAG crypto has identified an XRP price pattern that suggests a pump in 2 months.
- XRP technical structure remains strong, with significant upside capacity available on the RSI indicator.
- As retail traders brace for the Trump Tariff Liberation Day event later, the 200DMA provides baseline support for XRP price-limiting risk.
The post Is XRP Price Heading for June Explosion? Analysts Target Mega Pump in 2 Months appeared first on 99Bitcoins.
