XRP Eyes June–July Breakout to $20+ Amid Ripple SEC Lawsuit Clarity
XRP has traded in a tight $2.13–$2.19 range around the 38.2% Fibonacci retracement level, signaling low volatility before a potential surge. Volume-driven spikes to $2.16 indicate growing buyer interest as technical indicators (RSI, MACD) remain flat. Prominent advocate Amonyx and analyst EGRAG CRYPTO project a dramatic breakout toward $20+, citing Fibonacci extensions and historical resistance zones. Key catalysts include an expected final ruling in the Ripple vs. SEC lawsuit and renewed market sentiment amid spot ETF speculation. Traders should monitor critical support at $2.00 and watch for a decisive move above $2.19 or below $2.13 to identify entry and exit opportunities.
Bullish
The convergence of technical consolidation and looming legal clarity in the Ripple vs. SEC case supports a bullish outlook for XRP. Flat RSI and MACD alongside volume spikes suggest accumulation ahead of a breakout. Positive projections from influencers like Amonyx and EGRAG CRYPTO reinforce confidence, while potential catalysts—final lawsuit ruling and spot ETF momentum—could trigger rapid price appreciation. In the short term, a decisive move beyond $2.19 would confirm bullish momentum, and long-term holders may benefit if XRP captures institutional flows or SWIFT volume, driving sustained demand.