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XRP is slowly approaching 4 $ but it is the 6 $ that interests it now. And for good reason, the elements are in place to push it there this summer.
A significant breakout for XRP
XRP is performing exceptionally well after the signing of the GENIUS Act and it seems we haven't seen everything yet! Several on-chain elements suggest that the best is yet to come.
Analyst Ali Martinez indeed predicts that XRP could reach 6 $ soon, following a recent surge above $3.60. For this, the altcoin needed to break out of its descending triangle, and that is exactly what it has done in recent days.
However, a breakout from a triangle indicates the end of consolidation and the opening of ascent. We are therefore entitled to expect a significant rise, with resistance at $4.17, $4.60 $ and $5.40 $ to monitor afterwards.
If these levels are crossed with sustained volume, XRP could easily reach $6. Currently, its momentum remains favorable: a 2.3% increase over 24h to $3.61, a 21.2% increase over the week, and over 70% over the month, with daily volume up 28% to $9.36 billion.
