XRP (XRP-USD) has already smashed past key resistance at $3.60, igniting what now looks like the beginning of a multi-leg rally. Traders are watching closely as technical setups and on-chain signals all begin pointing in the same direction: up. While $6 appears to be the next target in the coming weeks, some chart watchers are even eyeing a surge to $13 by early fall.
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XRP Clears $3.60 and Holds Strong
The breakout started when XRP pushed decisively above its long-standing cap near $3.60. That level held back multiple rallies since 2021, but momentum and volume finally cracked it. As of now, XRP is hovering above $3.50, retesting support and building the base for the next leg up.
Buyers are showing no signs of exhaustion. On-chain data shows the 90-day cumulative volume delta (CVD) remains solidly green, confirming that buy orders are outpacing sell pressure. Even with most XRP holders sitting on profit, demand hasn’t dried up.
XRP’s Chart Patterns Signal that $5.80 to $6 Is Coming
Multiple chart formations suggest XRP isn’t finished running. A breakout from a symmetrical triangle on the daily chart now points toward a $6.03 measured move, according to TradingView data. Meanwhile, a shorter-term bull pennant visible on the four-hour chart sets up a near-term rally toward $5.80.
Both patterns are classic bullish continuation signals, showing consolidation after rapid gains. In both cases, the setup implies XRP is pausing before resuming a strong uptrend and bulls are treating these levels as entry points rather than exits.
DeFi Growth Fuels the Fire
Beyond price patterns, fundamentals are also in XRP’s favor. The XRP Ledger recently crossed $94.44 million in total value locked, a record high. This came right after the launch of its EVM-compatible sidechain, which brought in over 1,300 smart contracts and 17,000 new addresses since June 30.
What we’re seeing now is XRPL actually working. People are trading, farming, and showing up in real numbers. That usage is pushing capital into the ecosystem and giving XRP real utility beyond speculation.
$13 XRP by Early Fall?
Technical analyst Tony “The Bull” Severino is asking the bold question: What if XRP mirrors its 2017 rally? His Elliott Wave count suggests XRP is entering its fifth and final impulsive wave, with a price target as high as $13, possibly within 40 days.
His logic is based on symmetry. In 2017, XRP rose nearly 1,900% in 42 days. Severino sees a similar triangle pattern that began in 2018 and argues the next move could repeat that parabolic curve.
Critics say this projection is too clean. But in crypto, narrative matters, and Severino’s model is gaining traction. Traders across X and Binance Square are sharing charts and preparing for what they see as a potential final leg of this cycle.
At the time of writing, XRP is sitting at $3.5050.
