XRP is once again in the spotlight, as renewed technical strength and heightened investor interest suggest the potential for a major price breakout. Market analysts are closely watching the $3 resistance level, with many indicating that a weekly close above this threshold could open the door to a rapid move toward $6 or higher.

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🔍 Key Technical Breakout Identified

Prominent crypto analyst Ali Martinez recently highlighted XRP’s breakout from a multi-year symmetrical triangle, a bullish technical formation often signaling significant upside. Martinez stated that confirmation of this pattern would come with a weekly close above $3, potentially “propelling XRP toward $6 or beyond.”

Earlier this week, XRP briefly touched $3 amid speculation of a potential XRP-based ETF filing by BlackRock, sparking a surge in investor optimism.

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📉 Healthy Corrections Expected Before Further Gains

Technical analyst CasiTrades noted that XRP has successfully cleared the $2.69 Fibonacci resistance and is currently undergoing a healthy backtest of prior resistance levels. A short-term pullback to the $2.82–$2.70 range is expected before continuation to the upside.

“This is a textbook bullish continuation pattern,” CasiTrades explained, citing robust RSI and momentum indicators. She advised investors to avoid chasing price during spikes and instead look for strategic entries around key retracement zones.

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📊 Rising Volume & ETF Speculation Fuel Market Sentiment

XRP’s trading volume and open interest have climbed to multi-month highs, driven largely by speculation surrounding the potential launch of an XRP ETF. Additionally, trading activity on Korean exchange Upbit has surged, reflecting global demand and increased attention from both institutional and retail investors.

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💬 Long-Term Outlook Remains Bullish

Veteran trader Peter Brandt, known for his macro trend forecasting, expressed optimism about XRP’s trajectory. He remarked that the current rally is “just getting started,” and suggested further upside is likely in the medium to long term.

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📈 Conclusion: XRP on the Verge of a Major Move

With strong technical indicators, growing institutional interest, and increasing trading volume, XRP is approaching a critical inflection point. A decisive weekly close above the $3 mark could set the stage for a swift rally toward $6, according to several respected analysts.

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