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Amid market uncertainty and growing anticipation for the SEC’s upcoming digital assets conference, a top crypto strategist has set an ambitious XRP price prediction of $6.29. Despite persistent regulatory tensions and bearish technical signals, the forecast is fueling renewed optimism within the Ripple community.
XRP Price Eyes Breakout Despite Bearish Signals
XRP, currently trading around $2.28, has been consolidating in a narrow range between $2.65 and $2.27 throughout May. Despite downward pressure, a recent bullish forecast from a crypto analyst on TradingView suggests that the token could rally to $4.50 in the short term before potentially climbing to $6.29 — a return of nearly 170% from current levels.
The strategist believes XRP’s three-week consolidation boosts its chances of breaking resistance, with targets set at $4.50 and $6.29. Source: MasterAnanda via TradingView
“There is a small support zone around $2.30 that has been tested and retested. You can truly hit the gas now, go all-in on XRP,” the analyst noted, emphasizing the resilience XRP has shown in holding its current support. While this forecast has generated optimism in the Ripple market, the broader technical landscape remains mixed.
Indicators such as the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) show bearish trends. The RSI is below the midline, and MACD has signaled a sell-off since May 20, raising concerns of a potential slide toward $2.07 or even $1.00—the target from a bear flag formation.
Nonetheless, the SuperTrend indicator provides dynamic support near $2.17. Should XRP price reclaim this level with strong volume, it could flip sentiment and drive a rally toward $3.00, a critical psychological resistance.
Institutional Momentum and Ripple XRP News Support Optimism
Despite short-term price stagnation, many analysts and crypto watchers argue that XRP is gearing up for a significant long-term breakout. Crypto commentator Xena highlighted the growing role of institutions and the underappreciated structural shifts happening behind the scenes.
Oscillators show mixed momentum, with RSI at 49.98 and Stochastic %K at 15.06; key levels are $2.3190 resistance and $2.2860 support. Source: XtinaRP via X
“The market isn’t reacting to news like it used to,” she remarked. “Strong developments don’t lead to instant price jumps anymore. But these changes are setting the stage for a big move.” Xena believes those dismissing XRP today may eventually regret overlooking its gradual evolution.
Supporting this optimism is Ripple’s expanding footprint in institutional finance. Several XRP-related investment products — including futures-based ETFs and CME-traded XRP futures — have launched recently, reflecting growing interest from traditional finance. Ripple CEO Brad Garlinghouse also emphasized how crypto ETFs are bringing legitimacy and accessibility to the asset class, echoing the transformative effect gold ETFs had on the bullion market.
These developments point to increasing adoption and institutional confidence in Ripple crypto, even as short-term XRP value remains range-bound.
Ripple and SEC Set to Clash Again at Upcoming Conference
Fueling both anticipation and anxiety in the Ripple XRP news cycle is the SEC’s upcoming conference on digital assets, scheduled for June 5. The event, which will feature SEC Commissioner Hester Peirce, comes at a time of renewed tensions between Ripple and the regulatory body.
Ripple submitted a letter to the SEC addressing when a digital asset separates from an investment contract. Source: Stuart Alderoty via X
Ripple has submitted a detailed letter to the SEC’s Crypto Task Force in response to Commissioner Peirce’s call for clarity. Citing legal expert Lewis Cohen, Ripple argued that most fungible crypto assets, including XRP—should not be classified as securities in secondary market transactions. The company reiterated that current securities laws fail to adequately address how digital assets function and called for a new regulatory framework.
“There is no current basis in the law relating to ‘investment contracts’ to classify most fungible crypto assets as ‘securities’ when transferred in secondary transactions,” the letter stated. Ripple’s legal team insists that the SEC must focus on creating clarity, not blurring already established boundaries — a stance that reflects the ongoing friction in the XRP lawsuit news space.
This regulatory uncertainty remains a key overhang for the Ripple exchange token. Market participants are closely watching the conference for signals on whether the SEC will ease or escalate its scrutiny, which could materially affect XRP price.
Community Believes XRP Doubters Could Be Proven Wrong
Beyond the near-term XRP SEC concerns, some analysts maintain long-term bullish predictions. Market veteran EGRAG Crypto continues to uphold a $27 price target based on historical technical patterns, while others like BarriC and CryptoGuard’s Matthew Brienen have floated extreme projections ranging from $100 to $1,000.
XRP was trading at around $2.28, down 0.42% in the last 24 hours at press time. Source: XRP Liquid Index (XRPLX) via Brave New Coin
Though many experts view these numbers as speculative, the sentiment within the Ripple community remains upbeat. They believe ongoing developments, such as the expansion of Ripple’s institutional partnerships, progress in the Ripple lawsuit update, and increasing market infrastructure—could lay the groundwork for explosive growth.
“Those who believed XRP would stay low forever might be in for the biggest surprise,” said Xena, underscoring the view that structural shifts are often invisible until after the price reflects them.
Final Thoughts
The XRP price prediction of $6.29 serves as a bold counterpoint to the current market hesitancy and regulatory headwinds. With institutional adoption gaining traction, technical charts sending mixed signals, and the SEC conference looming large, XRP stands at a critical juncture.
Whether the Ripple ledger asset can rally as forecasted or faces further downside hinges on both investor sentiment and regulatory clarity. One thing is certain: in the evolving Ripple crypto story, the coming weeks could prove pivotal.
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