XRP News Today: XRP Surges 65% in Week, Targets $6 Breakout

XRP, the cryptocurrency associated with Ripple, has recently shown significant momentum, with its price targeting a breakout at $6. This surge is backed by a series of positive developments, including a breakout from a symmetrical triangle pattern and a substantial increase in its market capitalization.

The market capitalization of XRP has surpassed $215.5 billion, positioning it as the 83rd largest mainstream asset globally. This milestone places XRP ahead of major corporations like McDonald’s, highlighting its growing influence in the financial landscape. The cryptocurrency's price has been trading near $3.60, reflecting a gain of over 65% in the past week. This upward trend is driven by strong institutional buying and a technical breakout from a symmetrical triangle resistance.

Analysts have set a short-term price target of up to $6 for XRP, citing the strength and bullish structure of the market. The breakout from the symmetrical triangle pattern, which formed between January and July 2025, is seen as a closure of consolidation and the beginning of a new bullish direction. The increased trading volume during the breakout further confirms the momentum behind this movement.

XRP's price pattern, characterized by lower highs and higher lows, has compressed price action within the triangle. The breakout above the $2.80 resistance level in early July marked a significant turning point. Since then, XRP has climbed above multiple Fibonacci retracement levels, surpassing $3.00 and the 1.0 Fibonacci level at $3.40. The 1.618 Fibonacci extension, just under $6, is now a critical near-term target for analysts.

In addition to technical indicators, institutional inflows have played a crucial role in XRP's price rise. Last week, XRP investment products saw $36 million in inflows, contributing to a record $4.39 billion in digital asset fund flows. This influx of institutional interest, coupled with optimism regarding Ripple's regulatory situation, has supported the cryptocurrency's upward trajectory. XRP's year-to-date net inflows now stand at $267 million, with assets under management in XRP products averaging above $2 billion.

The rise in XRP's price is also supported by data from CoinGlass, which shows that XRP futures open interest has increased to $10.81 billion, up from a low of $3.54 billion in June. This indicates that traders are entering new positions and anticipating further price changes. As XRP's price approaches its all-time high of $3.84, analysts are closely watching for a potential breakout above $3.66, which could verify the next phase of the rally, potentially reaching the $6 level.