XRP Analyst Sees Final Capitulation Phase Before $6 Price Target

A prominent crypto analyst believes that XRP is nearing its final capitulation phase before a major recovery. MikybullCrypto, a well-known trader and analyst, shared a chart on June 21, 2026, suggesting that XRP could be due for a significant price increase.

The chart shows XRP's move from its late-2024 breakout to its current decline. A descending trendline tracks the asset's lows since early 2025, while an ascending trendline marks its peaks. The pattern is similar to a descending broadening wedge, and XRP currently trades near the lower trendline with crucial support near $0.95 (Fib. 0.618).

The analyst also highlighted a previous RSI bottom that formed during XRP's lengthy consolidation period near $0.33 in 2022. The current RSI has now fallen back toward a similar oversold region, suggesting a potential repeat of the earlier setup.

MikybullCrypto believes that if this comparison proves accurate, the present decline could represent the final stage of a corrective cycle before a new upward trend develops. This view forms the basis of the analyst's $6 target, representing a gain of more than 425% from XRP's current price of $1.14.