XRP targets $6, says leading crypto analyst
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, dated July 20, showed XRP surging past the upper boundary of the triangle, backed by rising volume and accelerating upward price action. Notably, the formation had been developing since late 2024, with XRP coiling between gradually narrowing support and resistance lines before decisively breaking out in mid-July. Technical targets derived from Fibonacci extension levels place the 1.618 level near $5, with higher confluences around $6.12. XRP is currently trading just a...