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The price of Ripple XRP could rise by 200% to reach $6.5: 📊
Cryptarch_ on TradingView has a detailed chart indicating that XRP is forming a descending triangle, which typically precedes major breakouts.

It also pointed to a shift in the Relative Strength Index (RSI), which had been declining for months but has now started to rise. This indicates that momentum is shifting in favor of buyers, suggesting a potential bullish trend.

Cryptarch_ published a trading plan: buy XRP at $2.10, setting a stop loss at $2.00. This setup reflects confidence in the upward trend, while limiting potential losses in case the market moves against the trade.

In his price chart, Cryptarch_ drew a multi-stage upward path for the XRP coin, where the price will rise while testing multiple key resistance levels, indicated by horizontal purple lines. These levels are critical at $2.49, $3.00, and $3.39.

Among them, the $3 level is essential, as XRP recently experienced a significant rise at this price point on March 2, 2025. The ability to break this level and stay above it will make it a very strong support area, paving the way for another move towards the $6.5 target.

The analyst expects the price of Ripple to rise to $6.5, with the possibility of reaching a slightly higher target of $6.82. However, it is advised to close it at $6.5 for a safe profit before facing another strong resistance point.

One of the dates to watch is Saturday, May 10, 2025. This is the day when XRP may break through the resistance level at $3 and rise, or get rejected and drop to $1.61. This date may determine whether the bullish expectations will come true or be delayed further.

The performance of Bitcoin is also crucial here. If Bitcoin maintains its rise at $89,000, it could drive the altcoin market in general. Currently, Bitcoin is trading at $91,872.