XRP is once again capturing market attention, with analysts pointing to strong technical signals and growing investor interest that could drive the token toward a significant breakout. If $XRP manages to close a weekly candle above the critical $3 level, experts believe it could trigger a move toward $6 or higher.
🔹 Key Technical Breakout Confirmed
Crypto analyst Ali Martinez recently noted on X (formerly Twitter) that #Xrp🔥🔥 has broken out of a multi-year symmetrical triangle, a pattern typically signaling major upside potential. Martinez emphasized that a weekly close above $3 would confirm this breakout, potentially “propelling XRP toward $6 or beyond.”
Earlier this week, XRP briefly reached $3, fueled by speculation surrounding a possible XRP-based ETF filing by BlackRock—an event that ignited optimism across the market.
📉 Healthy Pullbacks Likely, Say Traders
Analyst CasiTrades added that XRP has surpassed the $2.69 Fibonacci resistance and is now undergoing a textbook backtest of former resistance levels, likely retracing to $2.82 or $2.70 before resuming upward momentum.
“This is a classic bullish continuation setup,” she noted, citing strong RSI and momentum indicators. CasiTrades advised against chasing price during rallies and instead recommended strategic entries around $2.76–$2.70 during any short-term pullbacks.
📊 Volume, ETF Rumors Amplify Momentum
XRP’s trading volume and open interest have surged to their highest levels in months, driven largely by ETF speculation. Reports of increased activity on Korean exchange Upbit suggest heightened global demand, with institutional and retail investors closely watching XRP’s next moves.
💬 Veteran Analyst Bullish on XRP’s Long-Term Path
Renowned trader Peter Brandt, known for identifying long-term macro trends, expressed confidence in XRP’s future, stating the rally is “just getting started” and projecting continued upward movement.
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Conclusion
With rising volume, strong technical patterns, and growing institutional interest, XRP appears poised for a potential breakout. Should it decisively close above the $3 mark, analysts agree that a move toward $6 could quickly follow.
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