XRP Price Set to Skyrocket to $6? Crypto Analyst Reveals What Needs to Happen First!

Jakarta, Pintu News – The price of XRP has been on an upward trend, touching $3 earlier this week. The altcoin then experienced a slight decline, although analysts remain confident that the rally is not over.

According to crypto analyst Ali Martinez, a strong breakout towards $6 is likely if the weekly close is above $3.

Analysts Predict XRP Price Target to Reach $6

In a post on X, Martinez-a renowned technical analyst-revealed that XRP has experienced a breakout from a long-term symmetrical triangle pattern. He emphasized that a weekly close above $3 is key to confirming a bullish breakout.

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According to him, if XRP is able to close the weekly chart above that level, it could pave the way for a rally to $6 or even higher.

The price of XRP briefly touched $3 amid speculation that BlackRock will soon file an XRP-based ETF. However, based on Martinez’s analysis, what matters is a weekly close above $3 for the altcoin.

CasiTrades: XRP Likely to Reach $2,824

Meanwhile, this bullish structure was also confirmed by another reputable analyst, CasiTrades, in his X post. In his analysis, he pointed out a clean bounce past the $2.69 Fibonacci level.

After that, he expects a backtest that matches the theory. He said the price of XRP might reach $2,824 before declining.

According to CasiTrades, XRP is currently retesting the resistance area to turn into support. This pattern is known as a classic bullish continuation pattern in technical analysis. He also predicts that the price of XRP will soon break the $3 mark again.

CasiTrades adds that momentum indicators such as the RSI are showing immense strength, signaling that the bulls are still in control of the price trend.

He warned traders not to get carried away by the fear of missing out(FOMO) and suggested buying in the range of $2.76 to $2.70 in case of a mild correction.

Rising Volume and ETF Speculation Drive Breakout Momentum

According to a report from the CoinGape website, XRP’s trading volume and open interest experienced a significant spike this week, reaching the highest levels in recent months.

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This increase was fueled by anticipation of the launch of the ProShares XRP ETF, which further strengthened the bullish argument for the Ripple-associated cryptocurrency.

The spike in XRP trading volume on South Korean exchanges, such as Upbit, also indicates that there is a large demand from institutional and retail investors. Veteran trader Peter Brandt also shared his views on the next direction of the XRP price.

Brandt believes that this uptrend has only just begun, and states that the price of XRP will continue to rise “up up up.” Brandt’s prediction is considered significant due to his reputation for identifying major macro breakouts in the crypto space.

Hence, his bullish outlook adds weight to the growing optimism surrounding the crypto asset.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Expert Predicts XRP Price Rally to $6 if This Happens. Accessed on July 14, 2025