logo

XRP breakout: Charts signal $6 rally ahead

By: WEEX|2025/08/06 09:45:00
0
Share
copy

Key takeaways

  • XRP technical chart setups converge on the $6 target.
  • Spot taker CVD remains positive, suggesting confidence among buyers.

Several XRP price charts are flashing multiple bullish signals, suggesting that a rally to $6 is possible over the next few months.

XRP symmetrical triangle breakout targets $6

Technical analysis reveals XRP has broken out from a symmetrical triangle formation on its daily chart. For the bullish scenario to fully materialize, the cryptocurrency needs to secure a decisive daily close above its eight-year high of $3.66.

This critical breakout would activate the pattern's measured move target of $6.03, representing a potential 75% upside from current price levels. The symmetrical triangle, a classic continuation pattern, suggests that XRP's previous uptrend may be preparing to resume after its recent consolidation phase.

Market technicians will be closely watching for confirmation of this breakout, as the $3.66 level now serves as a key resistance-turned-support zone. A successful breach and hold above this threshold could signal the beginning of the next major leg upward in XRP's price discovery phase.

XRP price bull flag eyes $5.80 next

XRP is currently forming a bull pennant pattern on the 4-hour chart, encountering resistance at the upper trendline near $3.46. This technical formation - characterized by a small symmetrical triangle following a strong upward move - represents a consolidation phase within an established uptrend.

A confirmed breakout above $3.46 would validate the pattern, projecting a measured move target of $5.80 (67% upside from current levels). Bull pennants are considered reliable continuation signals in technical analysis, typically resolving in the direction of the prevailing trend.

XRP spot taker CVD shows buyers in control

The 90-day spot taker cumulative volume delta (CVD) - which tracks the net difference between buy and sell orders - has flipped positive, signaling renewed dominance of buyer demand in XRP markets.

The persistence of this positive CVD structure demonstrates that buyers remain committed even at elevated price levels, creating favorable conditions for continuation of the uptrend. Market technicians view this as confirmation that the recent breakout has solid fundamental support from spot market participants.

You may also like

What Is Liora Nuclear Beam ($BEAM) Crypto? Is $BEAM Worth Buying in 2026?

What Is Liora Nuclear Beam ($BEAM) crypto? Is $BEAM worth buying in 2026? This in-depth analysis explains tokenomics, risks, real utility signals, market sentiment, and how to evaluate emerging crypto projects safely in today’s trust-driven market.

WEEX Ai Trading Hackathon vs. Other AI Trading Competitions: Which Is Better for You?

The AI trading competition field has grown significantly, with platforms like Numerai, Kaggle, and regional contests each offering unique approaches. This guide compares the WEEX AI Trading Hackathon with other leading competitions, highlighting key differences in structure, scoring, data environments, and educational value. Whether you're an experienced quant or new to AI trading challenges, this analysis will help you choose the contest that best fits your skills, goals, and learning path in this fast-evolving domain.

WEEX AI Trading Hackathon 2026: How Top AI Strategies Dominated Real Markets

WEEX AI Trading Hackathon demonstrates that effective trading — whether powered by AI or human judgment — relies on core principles: understanding market structure, maintaining conviction, prioritizing quality over quantity, and managing risk intelligently.

Introducing Warden: Complete Guide to $WARD and Airdrop Opportunities

Warden Protocol is a blockchain infrastructure project built to enable the agent economy. Warden enables secure, interoperable AI agents to operate across multiple blockchains, simplifying liquidity, data, and cross-chain access for Web3 developers and users. Learn its tokenomics, ecosystem impact, and how to claim free tokens in the WEEX $50,000 Warden airdrop before Feb.16, 2026!

How to Buy Liora Nuclear Beam (BEAM) Coin? Is It a Good Investment?

Liora Nuclear Beam (BEAM) represents a technological breakthrough in both blockchain implementation and nuclear industry innovation. Operating as a decentralized science (DeSci) protocol built on the Solana blockchain, BEAM establishes an immutable ledger system specifically designed for recording and validating high-energy particle data. Unlike conventional cryptocurrencies that focus on financial transactions, BEAM creates transparent standards for archiving telemetry from particle accelerators, proton therapy systems, and fusion research diagnostic tools.

What is Percolator SOV (PERC) Coin?

Exciting news for crypto enthusiasts: Percolator SOV (PERC) is now available for trading on WEEX, starting February 8,…

Popular coins

Community
iconiconiconiconiconiconicon

Customer Support Bot：@WEEX_support_smart_Bot

VIP Services：support@weex.com