Ripple (XRP) has broken through a multi-year triangular pattern and surpassed a major resistance line. Encouraged by this strong trend, market experts are suggesting a price target of up to $6 (approximately 83,400 won) for XRP. Recent policy changes in the US, increased institutional demand due to ETF launches, and improved on-chain metrics are further fueling these expectations.
XRP recently escaped from the symmetrical triangle pattern formed since the end of 2024 and has regained a full-fledged upward trend. The structure, where falling highs and rising lows converged, was resolved in early July, and since then, XRP has been trading at $3.46 (approximately 4,810 won) with a short-term surge. It has risen by over 20% in just the past week, transforming previous resistance points into support lines.
Cryptocurrency analyst Ali Martinez diagnosed that XRP has the potential to rise to $6 (approximately 83,400 won) based on Fibonacci extension lines. He proposed key resistance zones at $4.17 (approximately 5,800 won), $4.63 (approximately 6,440 won), $4.63 (approximately 6,440 won), $5.01 (approximately 6,970 won), with the final target line open up to $6.12 (approximately 85,000 won). Particularly, the current price surpassing the 1.0 Fibonacci extension line of $3.40 (approximately 4,730 won) supports further potential for increase.
Another analyst, CryptoWZRD, identified $3.65 (approximately 5,070 won) as a short-term key resistance. Upon breaking this zone, the resistance levels of $4.20 (approximately 5,840 won) and between $4.60-$4.70 (approximately 6,400-6,530 won) could become the next targets. Currently, $3.40 is acting as a short-term support line, serving as a central axis to maintain the upward trend.
Beyond technical analysis, positive policy changes in the US, institutional product introductions, and on-chain growth are providing a favorable environment for XRP. Recent bills 'GENIUS' and 'CLARITY' in the US Congress are making progress to enhance industry clarity, which is increasing interest from major investors by mitigating legal risks.
Additionally, ProShares' XRP futures ETF launch is driving institutional investment and providing price momentum. On-chain data shows that the number of XRP network wallets has surpassed an all-time high of 7.2 million. This is interpreted as a signal of rapidly expanding user base, and expectations for fundamental improvements due to expanded real-world usage are growing.
Recently, XRP has maintained a solid price structure against Bitcoin (BTC) and is showing positive signals indicating a strong market trend. With both technical foundations and policy environments simultaneously favorable, the market's attention is focused on whether XRP can stage another major rally.
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