XRP’s price targets $6 as a symmetrical triangle pattern indicates a potential breakout.

XRP is approaching a possible breakout from a symmetrical triangle formation, bolstered by robust technical signals and Fibonacci metrics. Even with 22.04% of the market feeling bearish, XRP’s movement into Wave 29 and an imminent U.S. crypto hearing could lead to a $6 surge. Ripple’s XRP is on the verge of reversing its price trend, despite the prevailing 90% bearish sentiment in the cryptocurrency space. XRP has formed a symmetrical triangle on the charts, supported by robust technical indicators, suggesting that it could potentially rise to $6 in the near future. A distinct indication from the chart revealed that the trend lines are coming together, suggesting that a price breakout may occur soon. Source: STEPH IS CRYPTO. XRP has slowly been approaching the peak of this triangular formation, narrowing its price range over the course of several weeks. It is a pattern that often leads to a sudden shift in price, either upward or downward. In this case, most people desire to witness the increase. Crypto analyst DefendDark noted the possibility of XRP experiencing a breakout that could push the price to $6. This optimistic perspective is supported by Fibonacci retracement analysis. It indicates that there is a support level at $2.04 and a resistance level at $2.20.