XRP targets $6, says leading crypto analyst
Main Idea
XRP is exhibiting strong bullish momentum following a technical breakout and the passage of the GENIUS Act, with potential price targets reaching $6.
Key Points
1. XRP broke out of a long-standing triangle pattern on its daily chart, supported by rising volume and upward price action, with technical targets near $5 and $6.12.
2. The breakout follows the passage of the GENIUS Act, the U.S.'s first comprehensive crypto legislation, signed into law by President Trump on July 18, 2025.
3. XRP's 24-hour trading volume reached $9.2 billion, with a market capitalization of $216 billion, indicating strong investor participation in the rally.
4. If XRP maintains its trajectory and holds above the breakout zone, it could reach the $4 to $5 range in the coming weeks.
5. The broader crypto market, including Bitcoin and Ethereum, has also posted significant gains, with XRP leading altcoin momentum.
Description
XRP is showing strong bullish momentum after breaking out of a long-standing symmetrical triangle chart pattern , according to crypto on-chain analyst Ali Martinez, who published his analysis on July 21. Martinez pointed to a clear technical breakout on XRP’s daily chart, suggesting the token is now targeting the $6 level as its next key resistance. $XRP targets $6 after breaking out of a triangle! pic.twitter.com/8VJ5DD2eOE — Ali (@ali_charts) July 21, 2025 The chart accompanying his post, date...
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