XRP’s short-term bullish momentum is back, and it could propel the cryptocurrency to as high as $4.5 in the coming weeks, according to a trading expert.
Specifically, Master Ananda’s analysis highlighted a confirmed higher low formation on June 5, followed by strong bullish price action on June 8.
This suggests that XRP has resumed its upward trend after spending a month consolidating. Notably, June 5 marked one of XRP’s steepest drops in recent weeks, briefly threatening to fall below $2.
In a June 8 TradingView post, Ananda pointed to April 7 as a local bottom and May 12 as the most recent peak. The 24-day retracement between those dates, followed by 27 days of sideways movement, signals a classic buildup phase before a potential breakout.
XRP price analysis chart. Source: TradingView
According to Ananda, this consolidation has allowed the market to reset, positioning XRP for a major move higher. His price target is $4.51, bypassing interim resistance zones like
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