XRP Price Surges After Breakout, Analysts Predict $15 Target in Next Rally

• XRP has finally broken out of a several-year symmetric triangle, beyond $2.75, showing strong bullish momentum with targets beyond $6.
• Technical indicators, such as Fibonacci extensions and MACD crossover, hint that XRP may continue to surge, with analysts targeting $15.
• Trading volume has increased, validating the break. If this persists, XRP may sustain its momentum, reaching $3.00 before facing greater resistance.

Ripple’s XRP has finally broken out decisively from the symmetric triangle it has been forming ever since 2018. The crypto token has found support at $2.78, showing an enormous bullish momentum, while specialists project it could move toward $15.

Technical Breakout and Fibonacci Levels

Market analyst Ali, has uploaded an educational chart indicating that XRP broke out over an old symmetrical triangle. The convergent highs and lows pattern has turned over an advancing move. The break by XRP over $2.75 has established the foundation for an impending rally. Fibonacci retracement indicates areas of resistance at $6.08, $9.22, and an out-stretched price level at $16.73.

Historically, symmetrical breakouts out of triangles result in massive price fluctuations. What has transpired so far means that XRP has finally emerged from an extensive period of consolidation, paving the way for an aggressive move. If momentum continues, XRP could test the next level of psychological resistance at $3.00 before aiming further heights.

Momentum Indicators Confirm the Rally

Key technical indicators confirm the bullish momentum. The Moving Average Convergence Divergence (MACD) has produced a bullish crossover, whereby the MACD line crosses over the signal line. In addition, the histogram bars are widening in the positive zone, further confirming the possibility of further price gains.

Volume analysis also validates the breakout. An explosion in buying volume signifies greater buying power, which could continue driving XRP further. If the volume persists, the crypto could continue moving upwards. A decline in volume, however, could result in a retest of previous areas of resistance close to $2.50–$2.60.

Price Outlook and Levels to Consider

XRP has seen a 9.26% price increase in the past 24 hours and a 15.19% gain over the last seven days. Analysts are monitoring immediate resistance at $2.79, with potential targets at $6 and beyond. Should a pullback occur, XRP is expected to find support near $2.60.

The breakout shows that XRP could be transitioning into a new bullish trend, and buyers are waiting anxiously for confirmation of continued price increases.