XRP price surges to $2.46 as a confirmed breakout from a six-year symmetrical triangle triggers rally

The move has captured strong market attention, with traders closely watching for signs of a continued fifth wave advance.

Key Insights:

* XRP price broke above a six-year symmetrical triangle, with the pattern forming since 2018.

* The breakout at the $0.75-$0.80 zone, a level tested multiple times, signals potential for a $13-$15 upside.

* Technical indicators, market structure, and geopolitical developments are shaping expectations for further gains.

In a significant development, XRP price has broken out of a long-term symmetrical triangle, signaling potential for a substantial upside move. The pattern, which has been forming since 2018, saw a breakout at the $0.75-$0.80 zone, a key resistance level that XRP tested repeatedly over the past few years.

According to chart analysts, the triangle’s base measured approximately $3, which serves as the basis for projecting future targets. Based on this measurement, XRP could potentially reach between $13 and $15.

“This symmetrical triangle breakout is technically clean and volume-backed, ” said Ali Chart on X.

The breakout was confirmed by a spike in trading volume, indicating strong interest from investors. Following the breakout, XRP has rallied to $2.46, forming higher highs and higher lows, common signs of an ongoing uptrend.

Elliott Wave analysts suggest that XRP is currently within a fifth wave advance. The price movement and structure align with a completed five-wave sequence, although confirmation remains pending. A drop below $2.26 would suggest wave 2 has started, but as long as XRP holds above that level, the fifth wave may extend.

“While technically mature, the market hasn’t yet confirmed a reversal,” MoreCryptoOnline stated. This view supports the idea that the fifth wave could push XRP higher. The continuation of this structure will depend on XRP’s ability to hold above $2.25 and break above the $2.50 resistance.

Traders are advised to remain cautious, as the structure is in a late phase, and there is no clear signal that the move has ended. However, price action is a decisive move that would clarify the trend’s direction.

Global trade talks have also played a role in supporting XRP’s rise. Trade talks between the United States and China took place in Geneva, where tariff negotiations were the central focus. These talks followed months of rising tensions and high tariffs on both sides, which have affected global trade and investor sentiment.

Former President Donald Trump posted on Truth Social, “80% Tariff on China seems right! Up to Scott B.” This statement reflects ongoing uncertainty but also a willingness to negotiate. The talks have raised hopes that reduced tariffs could support global capital flows.

Goldman Sachs has projected that existing tariffs could push U.S. inflation to 4% by the year-end. A resolution could help ease investor concerns, boost appetite for risk, and support cryptocurrencies such as XRP.