XRP It could rise to $6 by early May 2029 if historical price patterns continue to hold, according to new technical analysis suggesting… Cryptocurrency In the long term Fibonacci Channel structure and monthly momentum indicators.
These forecasts come as XRP remains under pressure following a prolonged correction that reflects the asset’s 2021-2022 bear market cycle.
The token also traded in line with the broader range Cryptocurrency market Deflation in recent weeks, struggling to hold the key $1 support level. At press time, XRP was trading at around $1.10, having fallen 3% over the past 24 hours while the asset was down 18% on the weekly timeline.
According to June 5 TradingView analysis by TradingShotthe sell signal issued in November 2025 when XRP was trading at $2.20 is still in effect, with the continued decline following the formation of a lower channel similar to the previous major market downturn.
Analysis indicates that XRP is approaching a potential long-term bottoming area between $0.80 and $0.65.
This range corresponds to key support levels, including the 100-period monthly moving average and the 150-period monthly moving average. Moving average.
The lower end of the range also lies just below the 0.618 Fibonacci retracement level, an area that closely corresponds to the June 2022 XRP cycle low.
At the same time, the monthly Relative Strength Index for XRP (RSI) is approaching a trend line of long-term lows that has historically generated some of the strongest buy signals for the asset.
Similar RSI behavior appeared around previous cycle lows in 2020 and 2022 before XRP entered significant bullish phases.
XRP buy signal
Analysis suggests that XRP’s monthly RSI could generate a long-term buy signal over the next three to five months as the asset approaches a six-year buy zone, which could mark the end of the current bear cycle.
From there, XRP could enter a new bullish phase and continue to advance within its long-term upward channel towards the rising resistance trend line.
Based on this structure, the analyst expects the price of XRP to reach $6 by early May 2029, representing the next major upside target in the current market cycle.
However, the bullish outlook depends on XRP maintaining support within the identified accumulation zone and eventually breaking above the rising resistance trend line that has limited price advances throughout the current session.
