Ripple (XRP) Price Predicted to Hit $6 — Crypto Analyst Explains Why!

Updated

April 21, 2025

Gambar Ripple (XRP) Price Predicted to Hit $6 — Crypto Analyst Explains Why!

Jakarta, Pintu News – The latest analysis from crypto experts suggests that Ripple is set to surge all the way to $6.

Based on the Elliott Wave theory, Ripple (XRP) seems to be about to end its Wave 2 corrective phase and enter a strong bullish phase.

With solid support above $1.90 and $1.55, as well as the potential approval of the Ripple ETF, the price of Ripple (XRP) is expected to see significant gains.

Check out the full analysis below!

Technical Analysis Shows Bullish Signals

🚨XRP Nearing the End of Wave 2: April Breakout Still in Play🚀

A lot of you are wondering about my April breakout prediction, and yes, I still believe it's on the table. I've stepped out to the 4H chart for a wider view, and from an Elliott Wave perspective, we're ending what… pic.twitter.com/3BqDRMn2wx
— CasiTrades 🔥 (@CasiTrades) April 17, 2025

Currently, the price of Ripple (XRP) is hovering around $2.08, in between crucial support and resistance zones. If Ripple (XRP) can maintain support above $1.90 and $1.55, this would be a strong indication that the corrective phase is over.

Analysts from Casitrade point out that the $2.24 level, which is the 0.382 Fibonacci retracement, is key to triggering a price surge. If Ripple (XRP) manages to break and hold above this level, price targets of $6, $9.50, and $12, which correspond to the 1.618 Fibonacci extension, will be wide open.

At the same time, technical indicators such as the MACD histogram being green in color and the MACD line recently crossing the signal line point to increased buying pressure. The Relative Strength Index (RSI) is still in the middle of the range, giving more room for price appreciation if the buying pressure continues.

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Potential Ripple (XRP) ETF Approval

Investor enthusiasm for Ripple (XRP) has intensified with news of a potential Ripple ETF approval. Analysts from JPMorgan predict that a spot Ripple ETF approval could attract over $8 billion in institutional investment. This is expected to push the price of Ripple (XRP) far beyond $6.

The approval process for the Ripple ETF by Grayscale is expected to be completed by May 22. Additionally, the newly launched Ripple ETF by Teucrium has already attracted $27 million in assets. This growing interest in Ripple (XRP) based products further strengthens the case for ETF approval, which could be an important catalyst for a significant price rally.

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Market Outlook and Impact

If the Ripple (XRP) ETF is approved, this would be a key development for the crypto, with analysts like Zach Realtor suggesting that it could push the price towards $15.

The move will also bring Ripple (XRP) closer to a market capitalization of $1.8 trillion, making it one of the most valuable assets in the crypto space. Meanwhile, Ripple (XRP) continues to show strength in the market with the current price consolidation providing a solid foundation for the upcoming surge.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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