XRP Eyes $3.60 Breakout as It Reclaims Spot in Bloomberg Galaxy Crypto Index

XRP Eyes $3.60 if Descending Triangle Breaks, Says Analyst Ali Martinez XRP has once again captured the spotlight in the cryptocurrency market as technical patterns point to a potential ￰0￱ to market analyst Ali Martinez, XRP has exited a descending triangle formation, a widely recognized technical chart pattern that often precedes significant price ￰1￱ has been on a rollercoaster, surging 3.5% in the past 24 hours to reach $3.16, according to CoinGecko ￰2￱ descending triangle often signals consolidation as sellers press lower and buyers defend ￰3￱ XRP, this support has held firm despite volatility, showing strong ￰4￱ Ali Martinez notes that with bulls breaking above the triangle’s upper boundary, momentum could accelerate quickly, drawing in fresh buyers and driving a potential run toward $3.60.

The $3.60 target, if reached, would mark one of XRP’s strongest rallies in recent months and a significant recovery from its prolonged consolidation. Furthermore, this price level would bring XRP a stone’s throw away from its present all-time high (ATH) of $3.65. Meanwhile, XRP might also be eyeing the $4.50 target after exiting its month-long ￰5￱ Rejoins Bloomberg Galaxy Crypto Index With Third-Largest Weighting According to on-chain metrics provider Digital Asset Investor, XRP has officially rejoined the Bloomberg Galaxy Crypto Index (BGCI), marking a major milestone for the digital ￰6￱ index, which tracks the performance of the largest and most liquid digital assets traded in U.

S. dollars, now ranks XRP as the third most significant cryptocurrency after Bitcoin and ￰7￱ BGCI currently assigns Bitcoin and Ethereum equal weightings of 35% each, while XRP has secured a substantial 14% ￰8￱ development is noteworthy given that in April 2022, XRP was not even included in the index’s weighting, underscoring the token’s resurgence in market relevance and institutional ￰9￱ BGCI is closely watched by institutional investors and asset managers as a benchmark for crypto market performance. XRP’s re-entry and strong placement on the index could attract fresh institutional interest, particularly as portfolio managers often adjust allocations in line with index ￰10￱ gives XRP renewed credibility in broader investment circles, at a time when regulatory clarity and mainstream adoption are key themes shaping the digital asset landscape.

XRP’s weighting comes amid increased optimism in its long-term utility as a payments-focused digital asset recently rejoined the world’s top 100 assets, thanks to heightened retail and institutional ￰11￱ XRP’s return to the Bloomberg Galaxy Crypto Index with the third-largest weighting marks more than just a statistical shift, it represents a renewed vote of confidence from the institutional investment ￰12￱ being absent from the index in 2022, XRP’s 14% allocation underscores its growing relevance in both liquidity and ￰13￱ $3.60 as the next major target, the coming sessions may prove pivotal in determining whether XRP’s long-awaited breakout evolves into a sustained rally or fades back into consolidation.