Analyst Says June 16 Is a Major XRP Timing Window. Here’s What Will Happen

XRP has spent months consolidating, but the current technical setup shows that the end of this phase is imminent. The asset’s price continues to hold above $2.25, a key support level tied to the 0.382 Fibonacci retracement. This level has acted as a structural anchor since the broader uptrend began.

Now, the chart shows price compressing into a triangle formation, pushing XRP toward what CasiTrades (@CasiTrades) calls a “forced decision point.” She believes time is running out, and highlights June 16 as a critical date based on a time-based Fibonacci projection shared in April.

Although XRP has not reached a new all-time high as she predicted, the analyst stands by the timing model. June 16 marks the end of the consolidation phase, but price action could break out before then.

Wave Pattern Suggests Bullish Impulse Could Follow

The current Wave structure also supports a bullish setup. The recent local low could mark the end of Wave 2, which would open the door to a Wave 3 rally. The chart shows the Wave 3 peak at $4.7998 (Fib. 3.618), marking a new all-time high for the digital asset.

Following this, the analyst expects Wave 4 to bring the asset down to $3.7674 (Fib. 1.618) before Wave 5 sends it to a range between $8 and $13.

Why June 16 Is An Important Date

June 16 carries added weight for XRP because it represents a convergence of both technical and legal timelines. CasiTrades marks that date as the likely end of XRP’s consolidation phase, and this same date aligns with a critical court deadline in the Ripple vs. SEC case.

The legal significance stems from a mandated status update due from the SEC on June 16. The agency must inform the court whether it plans to settle its long-standing case against Ripple or proceed with the appeal process. Both parties initially agreed to pause their appeals, and a finalized settlement would lift key regulatory barriers for XRP, paving the way for institutional adoption and possibly future ETF listings.

The current settlement agreement reduces Ripple’s penalty from $125 million to $50 million and removes the permanent injunction preventing institutional XRP sales. If the court approves this settlement agreement, it could significantly contribute to CasiTrades’ expected price surge, pushing XRP past the $8 to $13 range much faster than anticipated.

XRP is currently trading at $2.29, holding above the $2.25 level, and market participants will be eagerly watching the asset’s next moves and the developments in the legal battle.

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.

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