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Multiple technical and on-chain indicators signal a promising XRP price rally toward the $6 mark by the end of 2025, highlighting strong bullish momentum in the market.
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Key chart patterns, including a symmetrical triangle breakout and a bull pennant, align with positive spot taker cumulative volume delta (CVD) data, underscoring buyer confidence.
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According to COINOTAG sources, “XRP’s breakout and retest of critical resistance zones confirm sustained bullish momentum, setting the stage for significant upside potential.”
XRP’s technical setup and on-chain metrics suggest a potential rally to $6 by 2025, driven by strong buyer activity and key bullish chart patterns.
XRP Symmetrical Triangle Breakout Signals $6 Price Target
Recent data from Cointelegraph Markets Pro and TradingView reveal that XRP has successfully broken above a long-standing symmetrical triangle pattern on the daily chart. This breakout is a significant technical event, as the price now eyes a crucial resistance level at $3.66, an eight-year high. Closing above this level would validate the breakout and set a measured price target of approximately $6.03, implying a potential gain of 75% from current levels.
The symmetrical triangle pattern typically indicates a period of consolidation before a decisive move. XRP’s breakout suggests renewed investor interest and a shift in market sentiment toward bullishness. As noted by a prominent trader on social media, the price is currently retesting the breakout zone, and a successful bounce here would confirm the strength of this upward momentum.
Bull Pennant Formation Points to $5.80 Resistance
On a shorter timeframe, the four-hour chart illustrates XRP forming a bull pennant, a continuation pattern that often precedes further price advances. The price is currently testing resistance near $3.46, the upper trendline of the pennant. A candlestick close above this level would likely trigger a breakout, targeting approximately $5.80, representing a 67% increase from current prices.
This pattern reflects a brief consolidation following a sharp rally, signaling that buyers are regrouping before pushing prices higher. The bull pennant’s technical implications reinforce the broader bullish outlook for XRP in the near term.
Spot Taker Cumulative Volume Delta (CVD) Confirms Buyer Dominance
On-chain data further supports the bullish thesis, with the 90-day spot taker cumulative volume delta (CVD) indicating that buy orders have outpaced sell orders consistently since early June. The CVD metric, which measures the net difference between buy and sell volumes, remains positive, reflecting sustained demand and buyer confidence.
This dominance in buy-side volume coincides with XRP reaching multi-year highs above $3.66 in mid-July. The persistence of positive CVD bars suggests that market participants are optimistic about further price appreciation, maintaining upward pressure despite a high percentage of holders already in profit.
Such sustained buying interest is critical for supporting continued price advances and may signal the onset of a more pronounced parabolic phase, as highlighted by recent technical analyses.
Market Sentiment and Future Outlook for XRP
Investor sentiment around XRP remains cautiously optimistic, bolstered by the convergence of technical patterns and on-chain metrics. The alignment of these factors creates a compelling case for a potential rally toward the $6 milestone within the next several months.
However, traders should remain vigilant for any signs of resistance or market shifts, as cryptocurrency markets are inherently volatile. Close monitoring of key support and resistance levels, alongside volume trends, will be essential for navigating the evolving landscape.
Conclusion
In summary, XRP’s current technical and on-chain indicators collectively point to a strong bullish setup with a realistic price target near $6 by the end of 2025. The breakout from a symmetrical triangle, the formation of a bull pennant, and sustained positive spot taker CVD all underscore robust buyer interest and momentum. While market conditions can change, these signals provide a solid foundation for XRP’s potential upside in the coming months.
