XRP breakout momentum is building as the cryptocurrency surpasses critical long-term resistance, igniting speculation about a future surge toward the $6 mark.

Weekly Breakout Suggests New Trend Formation

XRP has officially broken above a major descending trendline that had held back price action for months. According to analysis by Dark Defender, this move completes a corrective five-leg pattern—labeled A-B-C-D-E—which has unfolded since earlier this year. The breach of this critical resistance hints at an early phase of a new upward trend.

As Dark Defender shared in a recent update, XRP’s weekly candle has convincingly closed above the downtrend, signaling bullish momentum gaining traction. The cryptocurrency is now trading in a new range, above $3, setting its sights on higher Fibonacci-based projections.

Elliott Wave Patterns Point to $4.39 and Beyond

Using Elliott Wave theory, analysts believe XRP has completed its first wave up, followed by a textbook pullback. This correction has landed in the familiar 50%–61.8% Fibonacci retracement zone, between $2.65 and $2.86. Historically, these levels have proven to be reliable springboards for strong third-wave rallies.

At press time, XRP is changing hands near $3.07, reflecting a 2% daily uptick and a 9% gain over the past week. Trading volume remains strong at approximately $6 billion. Technically, the RSI (Relative Strength Index) is flashing a bullish divergence, where price made lower lows while RSI climbed—often a sign of incoming strength reversal. The next price obstacles are at $3.65, $4.39, and ultimately $5.85, based on Fibonacci extensions.

Chart showing key resistance level breakout and upward momentum in XRP’s structure.

Short-Term Levels to Watch

On the daily chart, XRP has managed to close above $3.0452, a key short-term resistance line. Crypto analyst Dark Defender interprets this as another bullish sign that could drive price action toward $3.65 soon. Other traders are also closely watching this level to confirm continued upside strength.

Ali Martinez, a respected crypto chartist, proposed two possible paths forward:

“Break $3.05 and surge $3.6,” or “Retrace to $2.8, break $2.9, and surge to $3.6.”

Both scenarios set $3.60 as a significant milestone, regardless of whether XRP maintains the current pace or dips slightly before rallying. Traders are watching for clean breakouts to either accumulate more positions or enter fresh trades.

Whale Movements Show Resilience in Demand

Despite a notable whale sell-off—over $120 million in XRP liquidated within a 24-hour window—prices held above the psychological $3 threshold. In fact, immediately after the sell-off, XRP advanced toward $3.10, demonstrating market resilience.

Past whale movements have often rattled retail investors, but this time the stability suggests a robust buyer base. The market’s muted response to large-scale dumping indicates growing confidence and potentially deeper liquidity at current levels. As reported earlier, XRP holders appear unfazed as bullish momentum builds.

Related: XRP Price: $12M Max Pain for Bears

All eyes now turn toward broader market factors—particularly Bitcoin’s short-term direction—which are poised to influence whether XRP can maintain its upward trajectory toward the key $6 target.