Rocket Pool (RPL) Surge

Rocket Pool (RPL) surged 18.6% over the past week, currently trading around $7.87 after a confirmed breakout and retest pattern.

Key Support and Resistance

• Support: Key support holding at $7.04
• Resistance: Immediate resistance at $8.17, which could act as a potential breakout zone.

RPL’s price movement closely aligns with ETH trends, showing strong beta behavior amid rising volume and consolidation.

Upward Movement and Consolidation

RPL recently achieved a sharp upward curve, completing a breakout and retest pattern on the daily chart. This movement is synchronized with increasing ETH beta activity as Ethereum exhibits renewed strength.

RPL broke out from a multi-month symmetrical triangle pattern and has completed a retest above its breakout level. It is currently consolidating just below a near-term resistance zone, indicating heightened price action is likely forthcoming.

Support Holds at $7.04 as Volume Grows

Immediate support for RPL sits at $7.04, aligning with the triangle’s upper boundary. Repeated buying defense has been observed over the past two weeks, which could suggest this level acts as a near-term base. Increased volume during the bounce further reinforces this level.

Current price action persists within a bullish pattern with upward pressure. The 24-hour trading range has remained between $7.55 and $8.17, indicating a narrowing spread that typically leads to directional activity. With buyers absorbing selling pressure at the higher end of the range, the underlying trend favors potential upward extensions.

RPL Tests Resistance as ETH Correlation Strengthens Breakout Potential

RPL is facing significant resistance around the $8.17 mark, having tested this area twice recently without a successful breakout. This resistance coincides with previous price rejection levels from early June. Should this zone break, further upside could open toward $9.25 and $12.10 targets indicated in technical setups.

> $RPL looks good while ETH Beta heating up with ETH. Breakout and retest done on daily timeframe. Expecting some move in short term. Load some and hold…
> — Crypto Candy🔥💎 (@cryptocandy24x) July 29, 2025

Notably, RPL’s correlation with ETH underscores its potential for continued growth. As Ethereum shows strength, RPL closely mirrors these gains, reinforcing its beta relationship. However, RPL must stay above the breakout level to maintain this structure. A continuation above $8.17 would likely require increased momentum driven by both ETH movement and RPL-specific trading volume.

RPL Confirms Triangle Breakout as Bullish Momentum Strengthens

Recent price behavior indicates that RPL has completed a breakout and retest from a long-standing symmetrical triangle, formed in late April with multiple touches on both trendlines. The breakout occurred near the end of July, supported by bullish daily closes. Traders are observing the token closely as consolidation near $7.87 builds pressure in the short term.

Momentum indicators align with this technical setup. The next few daily closes will determine if the breakout holds or fails. As volume increases and ETH continues to trade firmly, RPL remains within a defined structure, showcasing recent bullish activity.