XRP surges 5% on breakout, analysts have $6 target in sight

Key Points

1. XRP's price surged 5%, climbing from $3.46 to $3.64 before consolidating around $3.55, but has since dropped to $3.47.

2. Fibonacci extension suggests a $6.00 target if support levels hold, with traders watching the $3.46–$3.55 zone for the next major move.

3. The GENIUS and CLARITY Acts in the US and the ProShares XRP futures ETF launch are key drivers of market sentiment.

4. Volume profile and RSI indicate long-term bullish potential, with resistance at $3.64 and support at $3.55.

5. A breakdown below $3.46 could trigger technical selling pressure, while holding above it may lead to a push toward $3.84 and eventually $6.00.