XRP Forecast: Could Ripple Surge Toward $3 in June?

XRP is drawing significant attention in the cryptocurrency market as several chart patterns indicate that Ripple may be preparing for a strong upward move. Traders and analysts are seeing signs of a potential climb toward the $3 threshold this June, based on a mix of technical signals, on-chain performance, and market positioning within the derivatives space.

One key signal is the breakout from a long-term consolidation pattern. Over the past few months, XRP has been trading within a symmetrical triangle, a chart formation that typically precedes a strong move in either direction. In late May, XRP broke out of this triangle to the upside, suggesting growing bullish momentum. If the asset continues following this trajectory, it may approach the $3 level within the upcoming weeks.

Alongside this breakout, trading volume has seen a notable rise. Increasing volume during a breakout often confirms the strength of the move and increases the likelihood that the trend will sustain. This enhanced activity indicates a surge in investor confidence, with many positioning themselves in anticipation of further gains.

There’s also supportive evidence from XRP’s moving averages. The token has recently climbed above both its 50-day and 200-day exponential moving averages (EMAs), forming what is known as a golden cross. This technical pattern serves as a strong bullish indicator historically known to precede sustained price momentum. Holding above these EMAs could pave the way for continued growth.

On-chain data, which looks at blockchain fundamentals like wallet activity and transfer volumes, also supports the potential for a bullish run. The number of active XRP addresses has been steadily increasing, and there’s been heightened activity among whale wallets — those holding large amounts of XRP. This suggests renewed interest from both retail and institutional players, further strengthening the argument for upward movement.

In addition, the derivatives market is signaling bullish expectations. Funding rates on XRP perpetual futures positions remain positive, implying that more traders are betting on higher prices. Open interest has also surged, which typically reflects fresh capital entering the market in anticipation of price fluctuations. Together, these on-chain and derivatives market indicators reflect a heightened appetite for XRP and point toward an optimistic crowd sentiment.

Another encouraging development comes from Ripple’s ongoing legal clarity. The long-standing lawsuit involving Ripple and regulatory authorities has seen some pivotal decisions recently, which market participants interpret as positive momentum. Although legal issues are always subject to change, ongoing progress in legal matters could remove lingering doubt, boosting investor confidence in XRP’s future trajectory.

Additionally, when examining market structure, XRP has established a series of higher lows since its reversal from support levels earlier this year. This kind of price behavior is often seen as a confirmation of a bullish trend, further validated by strong continues support near the $0.50–$0.60 mark. If these levels continue to hold, and resistance around $0.75 is breached, XRP may accelerate its move upward.

Even though these indicators suggest potential upside, investors should be aware that cryptocurrency markets are inherently volatile. While XRP may exhibit the conditions for a move toward $3, external factors such as market-wide shifts, macroeconomic events, or regulatory decisions can influence the asset’s path.

Related: Expert Advice: Sell XRP If You’re Confused

Nonetheless, the blend of technical strength, growing blockchain activity, and bullish market sentiment provides a strong foundation for a possible rally. With continued strength in buying interest and favorable macro signals, XRP may very well be on the verge of reclaiming levels not seen since its last major bull cycle.