XRP Price Could Hit $6 Sooner Than You Think; Here’s Why

XRP price is currently trading around $2.41 at the time of writing. Since the sharp 35% drop on October 10, the token has been consolidating within a price range of $2.10 and $2.60.

According to an analyst from the Working Money YouTube channel, XRP price could climb as high as $6 within the next five weeks. It’s a bold prediction but here’s why he believes such a rally might actually be possible.

The analyst said the current XRP chart shows an inverted head and shoulders pattern a bullish setup that often signals a trend reversal.

On the 4-hour chart, XRP has tested the $2.52 resistance many times. Each rejection shows buyers are building strength and waiting for the right moment to break out.

XRP Price Chart Showng Head and Shoulder Pattern

XRP still moves in line with Bitcoin, which is expected. Michel noted that Bitcoin recently showed some volatility around $107,000 but remains just below its opening price. If Bitcoin rises, XRP could follow and that move might finally push it above resistance.

Why the Broader Market Environment Matters

The commentator also mentioned that market sentiment, measured by the Fear and Greed Index, sits around 29 a signal of extreme caution. Historically, such low readings often come before major rallies.

When fear spreads, long-term investors often see opportunity. The global crypto market cap is about $3.64 trillion, close to its $4 trillion peak.

Prices have cooled, but volatility is still low. This could mean the market is recharging, not collapsing. Michel thinks it’s not a full bear market yet just a consolidation phase before the next move up.

Institutional Interest Could Reshape the XRP Token Market

Beyond charts, the story around XRP is shifting on the fundamental side. Ripple and several related entities, including Evernorth and SBI Holdings, have been taking strategic steps to deepen XRP’s role as a reserve and liquidity asset. Michel noted how these partnerships aim to expand XRP use in institutional lending, liquidity provisioning, and DeFi integration.

The involvement of high-profile names like Ripple co-founder Chris Larsen and executives such as Ashish Birla and David Schwartz adds weight to this push. Their new venture, Evernorth, is designed to accumulate XRP and actively utilize it within regulated frameworks. SBI Holdings confirmed its plan to purchase XRP directly from the open market to build one of the largest public treasuries of the token.

This kind of demand driven by institutions rather than short-term traders could be one of the biggest catalysts for the XRP price if it continues to grow.

Ripple keeps expanding its real-world use cases through partnerships. Airwallex, a Ripple-linked payment firm, is moving into the Americas with new billing solutions. This could boost demand for XRP liquidity.

Meanwhile, RippleX announced that regulated stablecoins can now be issued directly on the XRP Ledger. This update opens the door for institutional payments and tokenized assets on the network.

These moves collectively improve the utility of the XRP token, which has long been Ripple’s goal bridging financial institutions and blockchain technology. Utility-driven adoption often takes time to reflect in the price, but once confidence builds, markets can move fast.

Could XRP Really Reach $6?

According to the analyst’s projection of XRP price hitting $6 in 5 weeks is rooted in observable market structure. If XRP breaks through the $2.52 neckline of that inverted head and shoulders and maintains upward pressure alongside Bitcoin, it could trigger strong technical buying. Combined with the growing institutional focus, a short-term surge isn’t impossible.

Read Also: ASTER Downtrend Fading: Why a 2x Recovery Could Be Next

Still, the speaker emphasized patience. He and other analysts view the current phase as “brutal consolidation,” not weakness. As long as XRP price holds above key support levels and continues attracting long-term interest, the setup remains valid.

Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.

The post XRP Price Could Hit $6 Sooner Than You Think; Here’s Why appeared first on CaptainAltcoin.