XRP's technical indicators suggest a potential price target of $6, with positive buyer sentiment reflected in the spot taker cumulative volume delta (CVD). Current charts indicate XRP is trading above a symmetrical triangle, needing to surpass the eight-year high of $3.66 to maintain its upward trend. A breakout could yield a 75% gain from current levels. Additionally, the four-hour chart reveals a bull pennant formation, with resistance at $3.46; a close above this could lead to a target of $5.80, marking a 67% increase. The CVD shows a dominance of buy orders, indicating strong demand since June, with XRP/USD reaching multi-year highs. This sustained demand, despite 99% of holders being in profit, suggests a favorable environment for further price increases. Technical indicators imply that XRP's bullish phase is just beginning, hinting at more upward movement in the coming weeks. Note: This article does not provide investment advice; readers should conduct their own research. Read more AI-generated news on: https://app.chaingpt.org/news