XRP News Today: XRP Breakout Triggers 108% Gains as Analyst Flags $6.50 $20 $35 Targets

XRP’s recent price action has sparked renewed bullish sentiment among analysts, with technical indicators suggesting a potential breakout from a prolonged consolidation phase. Market analyst EGRAG Crypto has outlined three Fibonacci-based price targets for the token: $6.50, $20, and $35, based on key resistance levels and historical patterns. These projections, derived from a bull flag formation and Fibonacci extensions, highlight the cryptocurrency’s potential for significant gains if key thresholds are breached [1].

The breakout occurred after XRP remained within a tight range of $2.20 to $2.50 since March 2025. A surge in broader crypto market momentum propelled the asset to $3.60 in early July 2025, marking its highest level since 2018. Despite a subsequent pullback to $3.12, EGRAG notes that the movement aligns with a larger bull flag pattern, a structure observed during XRP’s 2017-2018 rally, which preceded its all-time high of $3.45. The analyst emphasized that the current consolidation phase mirrors historical setups, suggesting a continuation of the upward trend once resistance is overcome [1].

Central to EGRAG’s analysis is the Fibonacci circle at the 1.414 extension level, a critical resistance zone since December 2024. A successful breakout above this level, as observed in recent price action, could validate the projected targets. The $6.50 target aligns with the 1.618 Fibonacci extension, while $20 corresponds to the 1.888 level. The most ambitious target, $35, is based on the 2.0 extension, reflecting a potential cycle high. Additionally, a “measured move” target of around $17 is cited as a strategic midpoint for traders to consider [1].

The analyst recommends a Dollar Sell Averaging (DSA) strategy to manage volatility, advocating for gradual exits at incremental targets rather than holding for a single peak. This approach aims to secure profits while mitigating risks associated with market reversals. EGRAG also highlights broader factors fueling optimism: rising institutional interest, regulatory clarity in the U.S., and surging XRP trading volume, which has increased by over 20% in the past week. Partnerships and developments in tokenized assets, including BlackRock’s recent statements, further bolster the asset’s narrative [1].

While Bitcoin remains below $120,000, altcoins like XRP are gaining traction as traders seek assets with breakout potential. Active wallet addresses on the XRP network have also risen, signaling growing adoption. EGRAG’s analysis underscores the importance of confirming key resistance levels, with the immediate focus on sustaining momentum above $3.60 to validate the bullish case.

Source: [1] [Further XRP Breakout Imminent as Analyst Points to Three Price Targets – See Chart] [https://coinmarketcap.com/community/articles/6883627d32b65702e7fcff44/]