XRP is back in the spotlight after briefly crossing the $3 mark earlier this week, with analysts now pointing to a potential rally toward $6—if a key technical milestone is confirmed.
According to crypto strategist Ali Martinez, XRP has broken out of a long-standing symmetrical triangle pattern, and a weekly close above $3 could trigger a significant upward move. Martinez emphasized that this level marks a critical resistance zone, and clearing it could pave the way for a powerful trend continuation.
Another analyst, CasiTrades, echoed this sentiment, noting that XRP recently breached the $2.69 Fibonacci level. She expects a classic retest near $2.76 or $2.70 before bulls regain full control, adding that the structure resembles a textbook bullish continuation pattern.
Momentum indicators remain strong, with rising volume and open interest reinforcing the trend. Hype surrounding a possible ProShares XRP ETF has also boosted investor enthusiasm, as trading activity on Korean platforms like Upbit reaches new highs.
Veteran trader Peter Brandt has joined the bullish chorus, declaring that XRP’s breakout may only be beginning. Known for identifying major trend shifts, Brandt’s endorsement has further amplified confidence in the asset’s trajectory.
At the time of writing, XRP is hovering just below $3, with traders watching closely for a decisive weekly close that could unlock the next leg toward $6.
Editorial Team
Reporter at Coindoo
Source: https://coindoo.com/market/xrp-breakout-to-6-possible-say-top-analysts/