XRP breakout: Charts signal $6 rally ahead

By: WEEX|2025/08/06 01:56:06

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

Bitcoin vs Dogecoin: Which Crypto Should You Consider in August 2025?

Bitcoin vs Dogecoin: Which Crypto Should You Consider in August 2025?

Bitcoin vs Dogecoin in August 2025 — compare stability vs. volatility, adoption, speed, and community buzz. Trade both securely with WEEX Exchange’s low fees and pro tools.

WEEX|2025/08/14 08:32:01
WEEX Alpha 60,000 USDT Airdrop: Grab Your ROOT Airdrop and SYLO Airdrop Rewards Today

WEEX Alpha 60,000 USDT Airdrop: Grab Your ROOT Airdrop and SYLO Airdrop Rewards Today

WEEX Alpha is here—60,000 USDT in ROOT & SYLO airdrops! Join Aug 12–19, trade, and win cash prizes, team bonuses, and VIP fee discounts

WEEX|2025/08/14 07:53:25
STUPID INU (STUPID) Now Trading on WEEX — S TUPID USDT Pair Live

STUPID INU (STUPID) Now Trading on WEEX — S TUPID USDT Pair Live

STUPID INU (STUPID) is now live on WEEX Exchange. Trade the STUPID USDT pair starting August 14, 2025, and join the growing meme coin trend.

WEEX|2025/08/14 06:59:18
San Chan (SANSOL) Now Listed on WEEX — SANSOL USDT Trading Begins

San Chan (SANSOL) Now Listed on WEEX — SANSOL USDT Trading Begins

San Chan (SANSOL) is now listed on WEEX Exchange. Trade the SANSOL USDT pair and join this unique crypto inspired by real-life adventures across Japan.

WEEX|2025/08/14 06:04:16
OLAXBT (AIO) Goes Live on WEEX — Start AIO USDT Trading

OLAXBT (AIO) Goes Live on WEEX — Start AIO USDT Trading

OLAXBT (AIO) is now listed on WEEX Exchange. Trade the AIO USDT pair and explore this AI-powered Web3 market intelligence platform on BNB Chain.

WEEX|2025/08/14 05:56:22
Share
copy

Gainers

Community
iconiconiconiconiconiconiconicon

Customer Support@weikecs

Business Cooperation@weikecs

Quant Trading & MM[email protected]

VIP Services[email protected]