Titelseite > Nachrichtenzentrum > XRP’s path to $6 is now clear after turning green

XRP’s path to $6 is now clear after turning green

Veröffentlichungszeit: 2025-08-05

After reclaiming the $3 resistance level, XRP has reignited its bullish momentum, with technical indicators pointing to a potential record high above $6. In this line, cryptocurrency trading analyst Master Ananda noted that this move could play out within weeks, as XRP remains in the early stages of its bull market, according to a TradingView post on August 4. As per the outlook, XRP recently found strong support just above the 0.618 Fibonacci level at $2.71, sparking an immediate rebound.

A green daily candle reversed the drop and broke resistance, followed by another green candle that confirmed the bullish reversal.

XRP price analysis.

Source: TradingView Following the bounce at $2.71, XRP reclaimed the $3 mark.

With support confirmed and the 0.382 level at $2.87 holding firm, traders are now eyeing the next Fibonacci extension targets, first at $4.4948 (1.618 Fib extension), followed by the primary target at $6.2768 (2.618 extension).

Ananda emphasized that this move is part of a broader 2025 bull market cycle, where bullish momentum is expected to persist.

He added that while some traders may wait for further confirmation, the technical rebound and swift recovery already signal a resumption, and possible acceleration, of the bullish trend.

XRP’s path to $4 Another bullish outlook was shared by pseudonymous crypto analyst Lord of Alts , who noted that XRP is on the verge of a major breakout.

Technical charts show one of the largest bullish pennants in months, with the token holding firm above key support levels.

XRP price analysis chart.

Source: TradingView The pattern suggests consolidation ahead of a potential sharp move higher.

If confirmed, the breakout could see XRP target the $4 mark.

XRP price analysis At press time, XRP was trading at $3.04, up 1.2% over the past 24 hours, though down 3.6% on the weekly chart.

XRP seven-day price chart.

Source: Finbold Currently, XRP is showing strength above both its 50-day and 200-day simple moving averages ( SMAs ), which stand at $2.68 and $1.88, respectively, highlighting solid medium- and long-term momentum.

Meanwhile, the 14-day Relative Strength Index ( RSI ) stands at 54.70, indicating neutral territory with a slight bullish tilt, suggesting there is room for further upside before the asset becomes overbought.

Featured image via Shutterstock The post XRP’s path to $6 is now clear after turning green appeared first on Finbold ..

Neueste Nachrichten

Solana Memecoin Market: Pump.fun’s Astonishing Dominance Unveiled
2025-08-18
BitcoinWorld Solana Memecoin Market: Pump.fun’s Astonishing Dominance Unveiled The dynamic world of
Samson Mow Pushes Mining Hardware Ban as Bitcoin Core 30 Sparks Spam Debate
2025-08-18
Bitcoin’s ongoing scaling dispute has taken a new twist as industry figures debate how to handle wha
AI Chatbot Regulation: Texas AG Launches Alarming Probe into Meta, Character.AI
2025-08-18
BitcoinWorld AI Chatbot Regulation: Texas AG Launches Alarming Probe into Meta, Character.AI In an e
Market Is Falling, But XRP and Cardano (ADA) Whales Are Thriving – Here are the Latest Figures
2025-08-18
Despite the recent correction in the cryptocurrency market, Cardano (ADA) and XRP whales continue to
Massive XRP Transfer: 200 Million XRP Moves from Ripple to Unknown Wallet
2025-08-18
BitcoinWorld Massive XRP Transfer: 200 Million XRP Moves from Ripple to Unknown Wallet A significant
Amdax Unveils Euronext-Bound Bitcoin Treasury Targeting 1% Supply – Europe’s MicroStrategy?
2025-08-18
Amsterdam-based crypto service provider Amdax has announced the launch of AMBTS B.V. , a new Bitcoin

Copyright © 2006–2025 Zraox – Ihr Netzwerk für Social Investment, alle Rechte vorbehalten.