Here’s when XRP will trade at $6, according to expert

This projection emerges amidst a period of considerable pressure for XRP. The asset has been undergoing a prolonged correction, drawing parallels to its bear market cycle experienced between 2021 and 2022. The recent downturn in the broader cryptocurrency market has also impacted XRP, with the token struggling to maintain the significant US$1 support level.

At the time of the analysis, XRP was trading around US$1.10. It had seen a 3% decline over the preceding 24 hours and an 18% drop across the weekly timeframe. The analysis, conducted by TradingShot on June 5 via TradingView, suggests that a sell signal initially issued in November 2025, when XRP was priced at US$2.20, remains valid.

This ongoing decline is characterised as a 'Channel Down' formation, a pattern observed during prior major market downturns. The technical assessment points to XRP nearing a crucial long-term bottom zone, estimated to be between US$0.80 and US$0.65. This range is supported by key technical indicators including the monthly 100-period and 150-period moving averages.

The lower boundary of this identified range also sits slightly beneath the 0.618 Fibonacci retracement level, a price point that resonated with XRP's June 2022 cycle low. Concurrently, XRP's monthly Relative Strength Index (RSI) is approaching a historical long-term lower-lows trendline, which has previously correlated with some of the asset's most significant buy signals. Similar RSI behaviour was observed around cycle bottoms in both 2020 and 2022, preceding substantial bullish phases for XRP.

Why it matters for Australian investors

For Australian investors holding XRP, or those considering entry, this analysis offers a long-term perspective on the asset's potential trajectory. While the projected US$6 target is still several years away, understanding the technical underpinnings provides context beyond daily price fluctuations. Australian exchanges like CoinSpot, Independent Reserve, Swyftx, and BTC Markets all list XRP, making it readily accessible for local traders.

The analysis highlights the importance of technical indicators like Fibonacci channels, moving averages, and RSI, which are tools widely used by Australian crypto investors to inform their strategies. Recognising patterns of 'Channel Down' formations and potential long-term bottoming zones can be crucial for making informed decisions in a volatile market such as cryptocurrency.

It's important to remember that all price targets are speculative and based on historical data, which may not repeat. Australian investors should always conduct their own thorough research and consider their individual financial circumstances before investing. Taxation of crypto assets in Australia, as regulated by the ATO, also remains a critical consideration. Capital gains tax (CGT) generally applies to cryptocurrency disposals, so understanding the implications of any significant price movements is essential.

Impact on the AUD market

While the analysis originates from global technical trends, its implications naturally extend to the Australian dollar (AUD) denominated crypto market. When XRP's price moves globally, its AUD conversion on local exchanges will directly reflect those changes, minus any minor exchange rate fluctuations.

For Australian investors, a potential long-term bullish outlook for XRP could translate into increased AUD-denominated portfolio value, assuming they hold the asset. Conversely, the identified 'bottom zone' between US$0.80 and US$0.65 (which would convert to approximately AUD$1.20 to AUD$0.98 at an exchange rate of 0.65 USD to 1 AUD at the time of writing, but this fluctuates) represents a critical juncture. Sustained trading within or below this zone could present opportunities for Australian investors looking to accumulate XRP at lower price points, or conversely, signal further downside risk.

Local exchanges like Swyftx and CoinSpot offer AUD trading pairs for XRP, making it straightforward for Australians to buy and sell. Any significant price movement for XRP, particularly towards a new bull phase, could spur increased trading activity on these platforms. AUSTRAC's oversight ensures that transactions on these regulated exchanges adhere to anti-money laundering and counter-terrorism financing laws, providing a layer of security for Australian participants.

What to watch next

The immediate focus for XRP, based on this technical analysis, is its approach to the long-term bottom zone between US$0.80 and US$0.65. Observing how XRP trades within this critical range will provide significant clues about its short-to-medium term trajectory. A sustained hold within this accumulation zone is deemed essential for the projected bullish scenario to materialise.

Furthermore, the analysis predicts that XRP's monthly RSI could generate a long-term buy signal within the next three to five months. This event, if it occurs, would indicate the asset entering a 'six-year buy zone' and potentially marking the conclusion of the current bear cycle. Australian investors should monitor these technical indicators closely on their preferred charting platforms or via their exchange's analytical tools.

For the longer term, the key will be XRP's ability to break above the higher-highs resistance trendline that has historically capped price advances throughout the current cycle. This breakout is crucial for XRP to continue its ascent within its long-term ascending channel towards the US$6 target. While the analysis provides a compelling long-term outlook, market volatility and broader macroeconomic factors could always influence the outcome. ASIC's consumer protection guidelines remind investors to exercise caution and consider all risks associated with cryptocurrency investments.