A trading expert has suggested that XRP’s current technical setup may be signaling the asset’s next record-high target.
According to prominent online analyst Master Ananda, XRP is well-positioned for a more upside move following its consolidation at around the $2.30 level.
In an analysis shared in a TradingView post on May 27, he noted that the $2.30 support has remained strong since May 17, having been tested multiple times, indicating solid demand at that price point.
XRP price analysis chart. Source: TradingView
Ananda also identified a symmetrical breakout from a falling wedge pattern, followed by a rising channel formation. These developments suggest that XRP could enter the next leg of its upward move.
He also highlighted Fibonacci extension levels as a key indicator, with the 2.618 extension placing the potential top of the bullish wave at $6.29.
XRP’s price timeline to $6
While the analyst did not provide an exact timeline for when XRP might reach this ta
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