XRP is drawing growing attention from traders as it hovers just below a major psychological and technical level: the $3 mark. At the time of writing,
XRP is trading at $2.78, down 1.4% on the day, with 24-hour trading volume dropping over 56% to $7.08 billion, according to data from CoinMarketCap. Despite the slight pullback, excitement is building around the possibility of a sustained breakout above $3—a level not seen since early 2018.
Crypto analyst Ali Martinez shared a long-term chart pattern suggesting that XRP is poised for a major move.
According to Ali, a weekly close above $3 would confirm a breakout from a multi-year symmetrical triangle, setting the stage for a potential rally to $6 or higher. Fibonacci extension levels on his chart even suggest upside targets beyond $7 and $10, should momentum continue.
The chart shows that XRP recently broke out of a 5-year consolidation pattern and has formed a new support base around $2.50–$2.70. If the $3 level is flipped into support, the next bullish wave could mirror previous parabolic runs seen in past cycles.
With a circulating supply of 59.13 billion XRP and a total market cap near $165 billion, XRP is already the third-largest cryptocurrency. But if the bullish thesis plays out and price momentum accelerates, XRP could challenge previous all-time highs and reclaim its place as a top-performing asset in this cycle.
As technicals align with market sentiment, all eyes are now on whether XRP can deliver a decisive weekly close above $3—and ignite the next stage of its breakout rally.
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