Crypto analyst Klejdi has assured that the XRP bullish structure remains intact despite the recent pullback. The analyst indicated that the pullback is part of the bigger picture, while highlighting three targets the altcoin could hit once it reverses to the upside.
XRP Bullish Breakout Still On The Horizon
In a TradingView post, Klejdi suggested that XRP’s bullish breakout was still on the cards, although a pullback could come before the gains. This came as he noted that the altcoin had broken out of a larger bullish pattern, signaling the end of its accumulation phase. However, he added that short-term uncertainty could XRP lower with the market’s attention on the US-China trade deal and the Trump-Musk developments.
Klejdi predicted that the XRP price could drop to around $2.17 due to this market uncertainty. However, despite the short-term volatility, the crypto analyst remarked that the altcoin’s broader bullish structure remains intact, indicating a strong upside potential in the coming days or weeks.
He also revealed that $2.4, $2.6, and $2.8 were the targets that XRP could reach on this potential move to the upside. A rally to $2.8 could pave the way for a rally above the psychological $3 level.
Crypto analyst CasiTrades also recently commented on the XRP price action and revealed what to expect. The analyst declared that the altcoin could break out of its consolidation structure by June 16, which is also the deadline for the SEC to submit a status report on its filing for an indicative ruling in the XRP lawsuit. She predicted that the altcoin could rally to as high as $13 if this marks the bottom.
However, XRP and the broader crypto market are facing a lot of uncertainty following Israel’s strike against Iran. Iran has retaliated, further escalating tensions between the two countries. Similar attacks in the past have had a significant impact on the crypto market.
XRP Could Still Drop To As Low As $1.55
In an X post, CasiTrades declared that the support levels at $2.01, $1.90, and even $1.55 are still very much in play as long as $2.25 holds as resistance for XRP. She claimed that the altcoin is also heading straight into the apex of this macro consolidation, with very little time left. The analyst added that this is likely a final support touch before a major breakout.
This aligns with Klejdi’s analysis that XRP could suffer a significant pullback before the massive gains. Crypto analyst CasiTrades also believes that deeper support levels are more likely to get tested before the breakout to the upside.
At the time of writing, the XRP price is trading at around $2.09, down over 6% in the last 24 hours, according to data from CoinMarketCap.
Featured image from Getty Images, chart from Tradingview.com
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