Technical Breakout in XRP Signals Move Toward $6 After Six-Year Triangle

XRP Breaks Out of Six-Year Pattern, Eyes $6 Target After Volume-Fueled Surge

XRP jumped 5% in the past 24 hours, breaking out of a long-standing symmetrical triangle formation and triggering bullish momentum. The move, marked by a 158 million token volume spike at 14:00 GMT, pushed prices from a low of $3.46 to a session high of $3.64 before settling around $3.55.

Key Highlights

• Price Action: XRP surged from $3.46 to $3.64 intraday before consolidating near $3.55.
• Volume Spike: 158M tokens traded at the breakout point confirmed bullish momentum.
• Technical Breakout: Resolves a multi-year symmetrical triangle, unlocking a potential move toward $6.00 based on Fibonacci projections.

What’s Driving the Move?

Momentum gained traction as U.S. lawmakers advanced critical crypto legislation—specifically the GENIUS and CLARITY Acts—helping improve regulatory visibility. This coincided with the launch of the ProShares XRP Futures ETF, a major step toward mainstream and institutional adoption.

Technical Breakdown

• Pattern Resolution: Symmetrical triangle cleanly broken to the upside.
• Support Levels: Initial base at $3.55 with deeper support near $3.46.
• Resistance: Near-term cap at $3.64; breakout above could open path to $3.84+.
• Fibonacci Target: $6.00 represents the technical objective if momentum holds.
• Volume & RSI: High volume suggests strong conviction, though RSI nears overbought territory.

Market Sentiment & Risks

Traders are watching for follow-through above $3.60 to confirm trend continuation. A pullback below $3.55, however, risks a return to triangle support at $3.46 and a potential fade of the breakout.

Outlook

• Bullish Scenario: Sustained price action above $3.55–$3.60 paves the way for $3.84 and potentially $6.00 in the coming weeks.
• Bearish Case: Failure to hold $3.55 could prompt a retest of prior consolidation levels and pause the upward trend.
• Key Catalysts: Ongoing ETF inflows, legislative clarity, and whale accumulation remain key variables for momentum traders.