Technical indicators, including a symmetrical triangle for the XRP price on the daily chart, hint at a breakout to $5.80.
XRP XRP $3.48 24h volatility: 0.2% Market cap: $206.03 B Vol. 24h: $6.44 B price has been dominating the altcoin market rally with 21% weekly gains and surging all the way past $3.53, eyeing fresh all-time highs.
While the broader crypto market rally takes a pause, market analysts are hopeful that the Ripple cryptocurrency will still continue with further upside. Three technical chart setups show that a rally to $6 is imminent from here.
XRP Price Rally to $6 Soon?
The XRP price chart shows the formation of a symmetrical triangle pattern on the daily. Once the Ripple cryptocurrency gives a daily close above the eight-year highs of $3.66, it could continue on its upward trajectory with a desired target of $6.03.
According to a post by the trader Binance Killers on X, XRP has broken out of its symmetrical triangle and is now retesting the breakout zone, signaling continued bullish momentum.
$XRP broke out of the symmetrical triangle and hit a new ATH! 🚀
Now retesting the breakout zone — a bounce confirms bullish momentum, but a close below support may signal a short-term pullback.#XRP #Crypto #Altcoins #Breakout #Bullish #CryptoTrading #ATH https://t.co/7vPb3me6fz pic.twitter.com/spmJwcIC9w— BINANCE KILLERS® (@Binance_Killers) July 19, 2025
XRP price symmetrical triangle breakout – Source: TradingView
The four-hour chart for XRP reveals the formation of a bull pennant pattern, with the price currently testing resistance at the upper trendline near $3.46.
A decisive candlestick close above this level could trigger a breakout toward the pattern’s projected target of $5.80, a potential 67% gain from current levels.
A bull pennant is a classic bullish continuation pattern, usually forming as a brief consolidation phase following a sharp upward move, and often resulting in a breakout that resumes the prior uptrend.
XRP price rally and breakout – Source: TradingView
On-chain data also shows strength for the XRP price. The 90-day spot taker cumulative volume delta (CVD) indicates renewed dominance of buy-side orders.
Since early June, demand-side pressure has consistently outweighed selling, driving the XRP/USD pair to multi-year highs above $3.66.
Positive CVD highlights optimism among bullish traders, stating that the rally can continue further.
The chart shows that buy orders are still outnumbering sell orders, despite nearly 99% of XRP holders already being in profit at current prices.
XRP CVD shows bullish trader sentiment – Source: CryptoQuant
Ripple Cryptocurrency Overtakes Oil Giant Shell
Amid the recent XRP price rally, the Ripple cryptocurrency has outgrown oil giant Shell with its market cap soaring to $210 billion.
This is a major milestone for the blockchain firm, which has been through years of legal battle, yet remained steadfast on its growth path.
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