The cryptocurrency XRP remains under the spotlight as analysts and traders anticipate a potential explosive rally. According to experts, if XRP manages to close the weekly candle above $3, it could pave the way for a massive move toward $6.
🔹 Bullish Signals Multiply – $3 Is the Key Level
Technical analyst Ali Martinez highlighted on X that XRP has broken out of a multi-year symmetrical triangle, a key bullish technical structure. According to Martinez, a weekly close above $3 would confirm the breakout and “could propel XRP toward $6 or even higher.”
Earlier this week, XRP briefly touched $3 amid rumors that BlackRock may soon file for an XRP-based ETF, sparking a fresh wave of market optimism.
📉 Short-Term Pullbacks Expected, Say Traders
Another respected crypto analyst, known as CasiTrades, noted that XRP recently broke through the critical Fibonacci level of $2.69. According to her, the price is currently performing a textbook backtest, potentially dipping toward $2.82 or even $2.70 before resuming its upward move.
“XRP is retesting previous resistance as new support — a classic bullish continuation pattern,” she explained. CasiTrades also pointed out that momentum indicators like RSI remain extremely strong, signaling that bulls are still in control. She warned traders not to fall into FOMO (fear of missing out) and instead recommended entry points near $2.76 and $2.70 during shallow pullbacks.
📊 Volume Spikes, ETF Rumors Fuel Breakout Momentum
Trading volume and open interest for XRP have surged significantly this week, reaching the highest levels seen in months. This growing momentum is largely fueled by speculation around a potential ProShares XRP ETF, which has boosted confidence among both retail and institutional investors.
One of the strongest demand signals comes from the Korean exchange Upbit, where massive trading volumes have been reported — a strong sign of global demand heating up.
💬 Peter Brandt: The XRP Rally Is Just Getting Started
Veteran trader Peter Brandt, known for spotting long-term macro breakouts in the crypto market, also weighed in. He believes XRP is “just getting started” and will continue to “rise, rise, rise.”
His bullish outlook adds credibility to the growing optimism around XRP, especially in light of ETF speculation and institutional interest.
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