The crypto market is heating up again. Bitcoin is holding above key levels, Ethereum just pushed past $2,400, and meme coins like PEPE and FLOKI are flying. Across the board, momentum is back – and XRP might be the next one to make a major move.
Crypto analyst World of Charts shared a new XRP chart on X, and the setup looks strong. According to him, XRP has already broken out of a long-standing horizontal zone and that the price has already managed to retest that zone, which is a bullish sign.
“Expecting solid bullish wave in coming days. Range, horizontal zone breakout and retest has already confirmed,” the analyst stated.
XRP Surges After Breakout
The chart shows that XRP had been stuck in a falling wedge for several months, with price moving between lower highs and a flat support zone. But now, that's over. XRP broke above both the diagonal downtrend and horizontal resistance around $2.20 to $2.40.
After the breakout, XRP pulled back to retest the same area it just cleared. That's called a breakout-retest-confirmation pattern, and it's something traders love to see. The retest held, and XRP bounced. This gives bulls more confidence that the move is real – not just a fakeout.
What's Next for XRP?
World of Charts' projection shows a potential surge to levels around $5 to $6 in the coming weeks. The green candles in his chart aren't live price action – they represent where he expects the XRP price to go if momentum keeps building. If volume increases and the market stays strong, that kind of upside could be possible.
For now, $2.20 remains key support. As long as XRP holds above that level, the breakout structure stays intact. On the upside, the next resistance zone to watch is around $2.80 to $3.10.
With the broader market recovering and money rotating back into large caps, XRP is in a good spot. It hasn't pumped as hard as some meme coins yet, but that might be exactly why it's being watched closely now. If momentum spreads, XRP could be one of the next coins to break out big – just like the chart suggests.
