$6 XRP Incoming? Ripple Consolidates Above Key Bullish Setup

TL;DR XRP breaks bullish flag, consolidation near $3 suggests buyers are preparing for another strong ￰0￱ highlight resistance at $3.10 and support near $2.83 as key short-term decision zones. Long-term models suggest ambitious targets, but the current focus remains on holding breakout for $5–$6. Breakout and Consolidation XRP has been holding above a bullish flag formation on the weekly chart after a strong breakout earlier this ￰1￱ token spent nearly three years consolidating inside a large symmetrical triangle before surging in late 2024 and most of ￰2￱ that rise, the market formed a downward-sloping channel, often called a bullish ￰3￱ asset has already cleared the upper boundary of this flag and is now consolidating around $2.88–$3.00.

Notably, this kind of structure is usually seen as a continuation phase, suggesting that buyers are positioning for another ￰4￱ projections point to possible targets between $5 and $6 if strength holds.