XRP Price Watch: Lawsuit, Technicals, and Potential Bull Run

Ripple's ongoing lawsuit continues to be a major storyline in the crypto world, and analysts are using this time to forecast XRP's price based on technical indicators.

One analyst, EGRAG CRYPTO, sees a bullish sign in the form of a "quarterly hammer" candle formation. To capitalize on this potential, XRP would need to close above $0.55-$0.58 within the next ten days, which could be tough given recent price action.

A successful close could trigger a surge towards $8 by July, and EGRAG CRYPTO even suggests a price of $27 in six months if a second hammer forms. However, the next ten days are critical for this optimistic scenario.

XRP's recent sideways trading suggests a potential breakout, but the overall bearish crypto market might hold it back. Stay tuned to see if the bulls can take control!