Analyst: XRP Will Rise to $7.49 By June 22 and Down to $5.60 July 20. Here’s how and why

XRP could be heading into one of its most aggressive moves of the cycle if a projection by crypto analyst FCM (@Pinto75070) plays out. The analyst posted a series of charts outlining XRP’s path to $7.49 by June 22, then a pullback to $5.60 by July 20.

The projection centers on Elliott Wave structures, breakout zones, RSI behavior, plus repeating price formations that the analyst believes are now aligning across multiple timeframes.

Daily Chart Shows Repeating Elliott Wave Structure

The first chart focuses on XRP’s daily structure. FCM mapped two separate Elliott Wave formations across different market periods. The earlier structure showed XRP completing a five-wave pattern before exploding higher into a vertical rally that peaked above $3.

The current structure appears almost identical. XRP trades within a compression zone between $1.28 and $1.41 while another five-wave sequence develops. The analyst highlighted repeated wave counts marked in blue and yellow, suggesting XRP may now sit near the end of a corrective phase.

RSI readings add to the setup. Momentum continues to recycle between overbought and oversold conditions while price compresses into a narrowing range. The earlier breakout on the left side of the chart followed a similar RSI structure before XRP accelerated sharply.

Weekly Projection Targets $7.49

The second chart expands the move into a larger weekly projection. FCM plotted a powerful advance starting after wave 3 is completed near the current range. The projected move sends XRP rapidly toward $7.49 by June 22.

After reaching that level, the chart shows a corrective wave five decline toward $5.62 by July 20. Even with the projected retracement, XRP would remain far above current levels and above the asset’s all-time high of $3.65.

Lower Timeframe Setup Signals Breakout Zone

The third chart focuses on short-term price action using a 45-minute view. XRP recently trended downward, following the third wave of the five-wave pattern. This decline preceded its rise to $1.52, caused by the CLARITY Act markup.

FCM mapped a wave decline into a possible bottom near $1.28. The chart then projects a sharp reversal higher from that zone. The decline also pushed XRP below a symmetrical triangle that could have caused a bullish resurgence. However, the chart shows that a rally is on the horizon, with $7.49 as the target for June 22.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

Follow us on X, Facebook, Telegram, and  Google News

The post Analyst: XRP Will Rise to $7.49 By June 22 and Down to $5.60 July 20. Here’s how and why appeared first on Times Tabloid.