XRP price is expected to hit $6: technical patterns and institutional buying ignite bullish momentum.

According to Gate market data, as of July 28, the XRP price remains steady at the $3.24 mark, rising 2.33% in the past 24 hours, with a volume of up to $3.205 billion. This performance is particularly noteworthy against the backdrop of the entire crypto assets market undergoing a sideways adjustment.

Technical analyst CryptoBull released on platform X the Bitstamp weekly chart which clearly shows: from the end of 2024 to mid-2025, XRP has built a solid rounded bottom pattern (cup body), while the current price is in a narrow consolidation below $3.40, forming a key "cup handle" structure.

##Whales Quietly Positioning: 130 Million XRP Buy Signal

Market correction periods are often a window for savvy funds to position themselves. Data from July 26 shows that whale addresses holding 10 million to 100 million XRP accumulated over 130 million tokens in a single day, with a total value of approximately 420 million USD. These large buy orders occurred as XRP tested the $3.00 support level, indicating that institutional investors see this price as a strategic entry point.

This accumulation behavior is taking place simultaneously with the $20 million XRP treasury plan launched by Nature’s Miracle, highlighting the recognition of the long-term value of XRP by institutions.

Cup Handle Pattern: The Technical Blueprint to $7

The cup and handle pattern emphasized by CryptoBull is one of the most reliable continuation bullish signals in technical analysis. The measurement rule for this pattern states that the theoretical target price after the breakout is equal to the depth of the cup plus the breakout point.

• Cup depth: from the low point of $1.80 in April 2025 to the recent high point of $3.66, the vertical height is about $1.86.
• Breakthrough point: The resistance at the upper edge of the cup and handle is in the 3.40 USD area.
• Target measurement: 3.40 USD + 1.86 USD = 5.26 USD, with an extended target of up to 7.00 USD

The current XRP price is fluctuating around $3.24, needing to rise about 5% more to trigger a breakout. Once the weekly close stabilizes above $3.40, the technical model will officially activate.

##Institutions Adopt to Establish Value Foundations

In addition to the technical aspects, the fundamentals supporting XRP are also strong:

1. Brazilian fintech company VERT announced the construction of a blockchain payment platform worth $130 million based on the XRP Ledger.
2. American banks continue to deepen technical integration with RippleNet, becoming representatives of over 500 financial institutions worldwide that adopt the Ripple cross-border settlement network.
3. The launch of RLUSD stablecoin further expands Ripple's layout in the compliant digital currency field, highly aligning with the focus areas of U.S. regulatory agencies.

The Dissipation of Legal Risks Becomes a Key Catalyst

Legal developments may become the fuse for a market explosion:

• SEC Appeal Withdrawal Rumors: XRP surged 43% in July due to rumors that the SEC might withdraw its appeal against Ripple.
• ETF expectations are heating up: Although the approval of the Bitwise crypto ETF has been delayed, the market generally believes that the approval of the XRP ETF is just a matter of time. FundStrat analysts clearly stated: "If regulators clarify the ETF path, XRP is expected to hit 4 dollars."
• Key court hearing on August 15: Although former SEC lawyer Marc Fagel warned that a complete resolution of the lawsuit may take another 1-2 months, the market remains optimistic about the upcoming hearing.

##6 Feasibility Path to the $6 Target

According to various forecasts, the conservative target for XRP by the end of 2025 is in the range of $4.00 – $4.50 (based on institutional demand and technical indicators), while aggressive predictions see it reaching $7 – $30 (depending on the strength of the Bitcoin bull market and regulatory breakthroughs).

The target of 6 dollars is in the middle of a reasonable range, and the path to its realization requires the following conditions:

1. Break through the resistance zone of $3.30 - $3.40: Daily volume needs to recover to over $4 billion to confirm validity.
2. Hold the psychological support at $3.00: Recently, the position has been tested three times and successfully rebounded, forming a technical bottom line.
3. Bitcoin returns above $120,000: As a market barometer, the strengthening of BTC will drive funds into altcoins.
4. SEC lawsuit makes clear progress: official withdrawal or ETF approval will become a market accelerator

##Conclusion: Strategic Layout on the Eve of Breakthrough

As the cup-and-handle pattern approaches completion on the weekly chart, XRP is at the forefront of a new round of market activity. The resistance zone of $3.30 – $3.40 has become a key technical dividing line for the bulls and bears. If a breakout is confirmed, according to the measurement rules of the pattern, the first target will be set at $5.26, while $6 will become the next psychological threshold.

On-chain data shows that institutions are quietly positioning themselves during each pullback, while the bullish positions in the derivatives market indicate that traders expect a breakout is imminent. When the technical indicators, on-chain data, and fundamentals resonate, XRP's push towards $6 has shifted from an unattainable speculation to a market possibility backed by technical reasons.

The market quietly forms trends amidst skepticism. When XRP fluctuates around 3 dollars, Brazilian fintech company VERT invests 130 million dollars to build a payment platform based on the XRP ledger, casting a vote of confidence in this technological revolution.

The crypto market is never short of volatility, but what is truly rare is the breakthrough signals of multiple validations. The century-long validation of the cup and handle pattern, the whales' hundreds of millions of dollars bets, and the actual applications by institutions—when these three signals flash simultaneously, 6 dollars may just be the first milestone in XRP's new journey.