#XRP

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𝙀𝙭𝙥𝙚𝙧𝙩 𝙋𝙧𝙚𝙙𝙞𝙘𝙩𝙨 𝙓𝙍𝙋 𝙋𝙧𝙞𝙘𝙚 𝙍𝙖𝙡𝙡𝙮 𝙏𝙤 $6 𝙄𝙛 𝙏𝙝𝙞𝙨 𝙃𝙖𝙥𝙥𝙚𝙣𝙨

The XRP price is in an upward trend, reaching $3 earlier this week. The altcoin has since retraced slightly, although analysts remain confident that the rally is not yet over. A powerful breakout to $6 may happen once there’s a weekly close above $3, according to crypto analyst Ali Martinez.

In an X post, Martinez, a widely-known technical analyst, mentioned a breakout of XRP over a multi-year symmetrical triangle. He pointed to a close above $3 in the weekly timeframe as the key to confirming the bullish breakout. He declared that a weekly close above this level could set the stage for a rally to $6 or even higher.

The XRP price had briefly touched $3 amid speculations that BlackRock may soon file for an XRP ETF. However, based on Martinez’s analysis, the key is for the altcoin to close the weekly chart above $3.

Meanwhile, this bullish structure was also confirmed by another top analyst, CasiTrades, in her X post. In her analysis, she pointed to a clean break-up above the Fibonacci level of $2.69, after which she expects a textbook backtest to occur. She said that the XRP price might reach $2.824 and then decline.

According to her, the coin is currently retesting resistance to flip as support. This setup is known as a classic bullish continuation pattern in technical analysis. CasiTrades expects the XRP price to break above $3 again very soon.

She also added that momentum indicators like the RSI are extremely strong, suggesting bulls are still in full control of the coin’s price trend. The analyst warned traders not to fear missing out (FOMO) and advised entries near $2.76 and $2.70 on any shallow retracement.