ChainCatcher news, according to Coin Edition, cryptocurrency analyst CryptoBull2020 emphasized that XRP could reach $6 as the correction pattern of this digital asset is about to be completed. The analyst predicts that a surge will occur soon as the launch of the RLUSD stablecoin has sparked enthusiasm for cryptocurrencies.

XRP has risen by 283.68% since last December. This performance enhances the likelihood of a bullish fifth wave. According to CoinMarketCap data, XRP's trading volume has also increased by 26.54% in the past 24 hours, reaching $26.19 billion.