XRP might be gearing up for a major breakout — and the charts are giving traders something to watch closely.

The token has been squeezing into a symmetrical triangle, a technical pattern that often leads to big moves when it resolves. In this case, things are tightening up, and traders like @DefendDark on X believe XRP could break to the upside — with a target as high as $6.

The setup has been forming for several weeks, with XRP’s highs getting lower and its lows climbing higher. That squeeze builds pressure, and once price breaks out of the triangle — either up or down — it often results in a sharp move. Given the current sentiment, the bulls may have the upper hand.

Backing up the bullish case, Fibonacci levels show $2.04 acting as strong support and $2.20 as a key resistance zone. If XRP can flip $2.20 into support, the road to $5–$8 opens up in the midterm, according to @DefendDark’s analysis.

There’s also the Elliott Wave theory in play — the idea that markets move in wave-like patterns driven by crowd psychology. Right now, XRP looks like it may be starting a new wave higher after completing a corrective phase. That’s often when momentum kicks in.

And there’s a macro angle too. On April 9, U.S. lawmakers are holding a hearing on digital assets, aiming to adjust securities laws for crypto. That regulatory clarity could be a tailwind for coins like XRP and ADA — especially since both were mentioned by Donald Trump in January as potential assets for a government-backed crypto reserve.

With the charts coiling, sentiment shifting, and regulators paying closer attention, XRP could be on the edge of its next big move. Eyes are on the triangle — and the clock is ticking.