XRP News Today: XRP Breaks Out of 5-Year Triangle Pattern Targeting 100% Gain to $6

XRP, the digital asset associated with Ripple, has recently broken out of a long-standing symmetrical triangle pattern, a classic bullish chart pattern that has been in place since 2018. This breakout signals a potential end to XRP’s prolonged consolidation and hints at a strong upward move. The breakout was confirmed by a strong weekly close above $3, setting technical targets near $5 to $6.12 based on Fibonacci levels.

Analysts are eyeing $6 as the next major target for XRP. This level represents a significant psychological and technical barrier, but given the bullish breakout, many in the crypto community are optimistic about XRP reaching it. The $6 target is based on technical projections from the triangle pattern, along with previous resistance levels that XRP faced during the last bull run. If the market maintains its current strength and volume supports the move, XRP could hit this mark sooner than expected.

Macro trends in the crypto market, including a positive outlook on Ripple’s ongoing regulatory clarity and increasing adoption of XRP in cross-border transactions, add to the bullish case. The breakout is supported by technical indicators such as the Relative Strength Index (RSI) and MACD, which are showing bullish signs. The RSI remains in a healthy range, indicating that the asset isn’t overbought yet, and the MACD line continues to rise, confirming upward momentum.

As long as XRP stays above key support levels, particularly the upper edge of the broken triangle, bulls are likely to remain in control. Leading on-chain and technical analyst Ali Martinez highlighted that closing above $3 confirms the technical breakout and opens the door to a measured move toward $6, aligning with key Fibonacci extension levels. Martinez emphasized that the 1.272 Fibonacci extension level from the triangle’s formation projects to around $6. If momentum continues, higher extensions suggest even loftier targets around $7.94 and $26. However, analysts agree that $4 to $6 is the immediate and realistic price range for XRP in the coming weeks.

Other analysts have also highlighted the importance of maintaining support above $3. As long as XRP holds this level, the path to $6 remains open. A drop below it could result in a pullback toward $2.85, potentially invalidating the breakout. XRP’s technical strength is matched by encouraging on-chain fundamentals. Recent reports reveal a growing number of large holders, over 2,700 wallets, now hold at least 1 million XRP each. These whales collectively control nearly half of the circulating supply, showing strong long-term conviction. Meanwhile, XRP has also formed a golden cross on its Market Value to Realized Value (MVRV) ratio, a bullish indicator suggesting investor sentiment is shifting from neutral to optimistic. This comes amid broader market excitement, including the launch of the ProShares XRP futures ETF and speculation around a potential spot ETF.

Ali Martinez remains confident in his projection. “When you zoom out on $XRP, it’s hard not to go all in,” he remarked, adding that the breakout above $3 marks a technical and psychological turning point. With XRP holding firm at $3.61, analysts widely agree that a sustained rally toward $6 is well within reach. However, maintaining momentum above $3 is critical. Should the rally falter, XRP could revisit key support zones before resuming its uptrend. For now, the breakout is intact, and the next stop appears to be $6.