XRP News Today: XRP Surges 21.2% in a Week, Analysts Predict $6 Milestone

Market analyst Ali Martinez recently predicted that Ripple-backed XRP could soon hit the $6 milestone. This forecast comes amid an ongoing rally in XRP, which has led to the coin climbing over $3.60. Martinez noted that XRP’s move toward $6 is dependent on its ability to break out of a triangle. The analyst posted a chart that showed XRP had formed a descending triangle on the price chart. A descending triangle pattern is formed by two converging trend lines. The upper trend line connects the lower highs, while the lower trend line connects the higher lows. The triangle is a bearish technical chart pattern that indicates a continuation of a downtrend in price action. Hence, the ability of XRP to break out of this pattern would signal a potential breakout. According to the chart highlighted by Martinez, the Ripple-linked coin faces critical resistance at $4.17, $4.60 and $5.40. If XRP successfully crosses these levels, combined with sustained volumes, the coin could easily reach the $6 mark. On the downside, the price of XRP may experience volatility if it fails to surpass the key resistance level.

Currently, momentum for the Ripple-linked coin is building. The XRP price has surged 2.3% over the past 24 hours to $3.61. This $3.6 price is close to $3.85 high achieved in January 2018. Over the past week and month, XRP has rallied 21.2% and more than 70%, respectively. This surge indicated that market activity for the coin is high, as investors await higher prices. Meanwhile, Martinez is just one among several analysts who have predicted significant price outcomes for the Ripple-linked coin. In a previous report, CryptoDonAlt on X forecasted XRP reaching $10.36. The analyst highlighted that the XRP/BTC has broken above 0.000025 on the monthly chart. This level has acted as a resistance since early 2022.

XRP, the cryptocurrency backed by Ripple, has recently garnered significant attention from market analysts who predict a potential surge to $6. This forecast is driven by a rare breakout in the cryptocurrency's price, which has been steadily climbing. The current trading price of XRP is around $3.54–$3.57, just below its all-time high of $3.66. This rally is attributed to an explosion in activity on the XRP Ledger (XRPL), which has seen a substantial increase in daily transactions. Analysts have been closely monitoring the price movements of XRP, with some predicting that the cryptocurrency could reach between $6 and $10 if Bitcoin's price hits $144,000. This prediction is based on the analysis of XRP's monthly chart against BTC, which is currently "coiling" just beneath a crucial Ichimoku Cloud threshold. If this month closes above 2,674 satoshis, analysts predict that XRP could reach at least 4,135 satoshis in the next couple of months. Such a close would deliver the first bullish monthly kumo twist for the pair since 2018 and place XRP in a "support-and-regain" configuration rarely seen in altcoins during the current cycle.

The 4,135–7,600 satoshi band marks what analysts call the “resistance / take-profit zone.” They argue that price seldom reloads immediately after such a multi-year breakout and that a wick to the upper end of the zone is likely once momentum ignites. On the XRP-USD chart, the picture is similarly constructive. Sunday’s weekly close above $3.37 turned both the cloud and the Kijun-sen higher and produced a textbook Chikou Span breakout in week 27 of the Ichimoku time cycle, the so-called Henka-Bi candle. Analysts' price-projection grid aligns traditional Fibonacci extensions with Ichimoku price-measurement theory: the N-wave objective sits at $4.53, the E-wave at $6.31 and the 2E extension at $9.22. With the condition of this weekly close all of them are on the table for the next one to two months and $4.5 should be the absolute minimum.

Market context lends partial support to the thesis. Bitcoin is trading just above $118,500 after a subdued weekend session, consolidating a 20 percent rally since the start of July, while ether holds near $3,760 and dominance continues to erode in favor of large-cap altcoins. XRP itself is hovering around $3.55 following a 50 percent weekly burst. Technically, the “monthly close above 2,674 satoshis” remains the gating criterion. A failure to secure that level would postpone the kumo twist and risk another quarter of range-bound drift versus Bitcoin. Conversely, a decisive move into the 4,135–7,600 satoshi band would confirm the first bullish market-structure shift on the long-term ratio chart in seven years and almost certainly drive speculative flows into the XRP-USD pair. Traders watching for additional confirmation will be tracking whether the Chikou Span can clear price on the weekly timeframe “this or next week”—a rare but powerful signal that the analyst warns could invalidate the “healthy cross” caveat and send the market vertical even before the textbook Tenkan-Kijun crossover materializes. For now, the path to $6–$10 hinges on Bitcoin’s ability to extend its breakout toward the six-figure mark. If the flagship asset stalls below $120,000 the proportional upside for XRP compresses; should the rally continue, analysts' stacked Ichimoku-Fibonacci objectives argue that $4.5 comes first, $6 follows quickly and the fabled $10 print is finally “on the table” as the trifecta of cloud twist, time-cycle symmetry and momentum converge.