Crypto analyst predicts: 'Ripple (XRP) price could rise to 6 dollars'

XRP seems ready for a big jump. According to crypto analyst Ali Martinez, the coin has broken through an important technical pattern, which could pave the way towards 6 dollars. His prediction follows a remarkable breakout that has awakened many investors.

XRP price breaks out of technical pattern

Since the end of 2024, XRP has been moving sideways within an increasingly tightening pattern, known as a symmetrical triangle. In July, there was suddenly a change. The coin powerfully broke through the upper side of the pattern, supported by rising volume. According to Martinez, this is a sign that the bulls are regaining control.

According to Martinez, the breakout could send XRP towards 6 dollars. This expectation is based on so-called Fibonacci extensions, with the first price target at around 5 dollars.

Additionally, he sees new resistance levels emerging, including one at 6.12 dollars. The XRP price is currently just above 3.60 dollars and is testing the old resistance level, which now serves as support.