XRP News Today: XRP Breaks Six-Year Pattern, Eyes 67% Rally to $6

XRP, the cryptocurrency, has recently captured the attention of analysts and investors following a significant breakout from a six-year symmetrical triangle pattern. Currently trading at $3.61, this breakout has the potential to drive an explosive rally toward $6 in the short term, according to leading chartist Ali Martinez.

The symmetrical triangle pattern, which has defined XRP's price action since 2018, is characterized by narrowing highs and lows. This pattern is often seen as a precursor to a significant move, and its resolution to the upside indicates the end of a prolonged accumulation phase. The breakout, confirmed by a strong weekly close above $3, suggests the beginning of a sustained bullish cycle.

Ali Martinez, a respected on-chain and technical analyst, highlighted the significance of this breakout on social media. He noted that closing above $3 confirms the technical breakout and opens the door to a measured move toward $6, aligning with key Fibonacci extension levels. The $6 target is rooted in both classical charting techniques and Fibonacci analysis, with the 1.272 Fibonacci extension level from the triangle’s formation projecting 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, including CasiTrades, have also emphasized 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 complemented by encouraging on-chain fundamentals. Recent reports reveal a growing number of large holders, with over 2,700 wallets now holding at least 1 million XRP each. These whales collectively control nearly half of the circulating supply, demonstrating strong long-term conviction. Additionally, XRP has 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.

Looking ahead, 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.