$XRP is once again in the spotlight as technical analysts and market participants highlight growing momentum that could signal a major price movement. A sustained weekly close above the crucial $3 level could be the catalyst for a potential rally toward $6 or higher, according to several prominent voices in the crypto space.


🔹 Technical Breakout Signals Uptrend


Crypto analyst Ali Martinez recently pointed out on X (formerly Twitter) that XRP has broken out of a multi-year symmetrical triangle—a formation widely recognized as a bullish continuation pattern. Martinez emphasized that a confirmed weekly close above $3 would validate the breakout, “potentially propelling XRP toward $6 or beyond.”


Earlier this week, XRP briefly touched $3 amid heightened speculation about a potential XRP-based ETF filing by BlackRock, fueling market optimism and increased trading activity.


📉 Short-Term Pullbacks Seen as Healthy


Technical analyst CasiTrades noted that XRP has surpassed the $2.69 Fibonacci resistance and is currently retesting former resistance as support, with likely retracement targets around $2.82 to $2.70.


“This is a textbook bullish continuation setup,” she stated, citing strong RSI and momentum indicators. CasiTrades advised patience, encouraging strategic entries during dips rather than chasing price during rallies.


📊 Volume Surge and ETF Speculation Drive Momentum


XRP’s trading volume and open interest have reached their highest levels in months, driven by ETF rumors and renewed global interest. Activity on South Korean exchange Upbit has also increased, signaling elevated demand from both retail and institutional investors.


💬 Veteran Traders Support the Bullish Outlook


Renowned macro trader Peter Brandt, known for identifying long-term chart patterns, expressed a bullish view on XRP’s trajectory, suggesting that the current rally is “just getting started.”



Conclusion


With strong technical confirmation, rising trading volume, and increased speculation around institutional involvement, XRP appears well-positioned for a major breakout. Should the asset maintain momentum and close decisively above the $3 threshold, analysts broadly agree that a move toward $6 is increasingly plausible.


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