XRP News Today: XRP Breaks 6-Month Consolidation, Surges 64% to $3.60 as Analyst Cites $6.50–$35 Targets

XRP has recently broken out of a prolonged consolidation range between $2.20 and $2.50, a pattern it had maintained since March 2025, driven by broader crypto market momentum [1]. The token surged to $3.60 earlier this month, its highest price since early 2018, before retreating to around $3.12. Analyst EGRAG Crypto identifies this movement as part of a bull flag pattern, a technical formation historically associated with significant breakouts [1]. The analyst highlights Fibonacci-based price targets at $6.50, $20, and a potential cycle high of $35, with the 1.414 Fibonacci extension level currently acting as a critical resistance [1]. A breakout above this level could clear the path for XRP to retest and surpass previous highs.

The analysis draws parallels to XRP’s 2017–2018 rally, where a similar bull flag preceded a 7,000% surge. EGRAG emphasizes that the current pattern suggests a temporary consolidation phase before further upward movement, with traders advised to monitor key Fibonacci levels for confirmation [1]. In addition to these targets, the analyst proposes a "measured move" target of approximately $17, which serves as a more balanced reference point compared to the ambitious long-term projections [1]. EGRAG also recommends a Dollar Sell Averaging (DSA) strategy for investors, advocating for gradual exits at incremental price milestones to mitigate risks from potential reversals [1].

The renewed optimism around XRP is attributed to rising institutional interest, regulatory clarity in the U.S., and a surge in trading volume. XRP’s trading volume has increased by over 20% in the past week, while active wallet addresses on the network have reached notable levels [1]. Broader market dynamics, including BlackRock’s commentary on tokenized assets and Ripple’s expanding cross-border payment partnerships, have further fueled bullish sentiment. As Bitcoin remains below $120,000, altcoins like XRP are attracting attention as breakout candidates in the second half of 2025 [1].

EGRAG’s analysis underscores the importance of confirming key resistance levels and strategic position management for traders. While the Fibonacci targets represent long-term potential, the measured move at $17 offers a more pragmatic benchmark. The analyst’s insights align with a growing narrative that positions XRP as a focal point in the current crypto cycle, provided institutional adoption and regulatory developments continue to support its trajectory [1].

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