XRP Breaks Out With Bullish Momentum, Targets $6 in New Rally

• XRP has broken out of a symmetrical triangle and could rise to $6 if momentum holds.

• A bull pennant on the four-hour chart suggests a possible move to $5.80 soon.

• Strong buyer activity and positive CVD data show sustained demand despite high profits.

XRP is flashing multiple bullish signals across major timeframes, pointing to a possible rally toward $6 in the coming months. According to data from TradingView, XRP has broken out of a symmetrical triangle pattern on the daily chart, clearing a key resistance level and signaling a continuation of its upward trend.

To sustain the momentum, XRP must close above the critical level of $3.66, an eight-year high. A successful breakout and confirmation of this resistance as support would set XRP on course to a measured technical target of $6.03, representing a 75% gain from its current price around $3.52.

A pseudonymous trader, Binance Killers, commented on the breakout via X, noting that XRP is now retesting the breakout zone. A bounce from this level would further confirm the bullish setup.

Bull Flag Pattern Eyes $5.80 Target

On the four-hour chart, XRP forms a bull pennant, a continuation pattern often observed during strong uptrends. The price is currently testing resistance at the upper boundary of the pattern near $3.46.

If XRP closes above this level, it would signal a breakout toward the bull flag’s projected target of $5.80. This would mark a 67% increase from current levels. The bull pennant typically forms after a rapid price move, consolidating before another leg up in the prevailing direction.

A symmetrical triangle breakout on the daily and a bull flag on the four-hour chart suggest strong momentum behind the current rally.

CVD Data Shows Buyers in Control

The 90-day spot taker cumulative volume delta (CVD) further reinforces the bullish outlook. The CVD has turned positive since early June, indicating sustained buying pressure. This metric tracks the net difference between taker buy and sell volumes.

With XRP trading above $3.66 last Friday, the green CVD bars show buyers continue dominating the order book. Despite 99% of holders being profitable, there is no major sign of selling pressure.

This persistent demand reflects confidence among market participants and aligns with historical patterns observed during earlier XRP bull cycles.

While XRP has already seen a significant move, technical indicators suggest a full parabolic run may still be ahead. The continuation of positive CVD, confirmation of breakout zones, and bullish patterns across multiple charts place XRP in a strong position for further gains.