Rocket Pool Maintains Bullish Structure After 18.6% Rally — Eyes Set on $8.17 Resistance Breakout

• Rocket Pool (RPL) surged 18.6% in a week, currently trading around $7.87 after a confirmed breakout and retest pattern.
• Key support is holding at $7.04, with immediate resistance at $8.17 acting as a potential breakout zone.
• RPL’s price movement aligns closely with ETH trends, showing strong beta behavior amid rising volume and consolidation.

Rocket Pool (RPL) just plotted a sharp upward curve, rising by 18.6% over the past week. The token, which was trading at around $7.87, has bounced hard after confirming a breakout and retest pattern on the daily chart. The move is in sync with increasing ETH beta activity as Ethereum shows renewed strength.

According to chart data, RPL busted out of a multi-month symmetrical triangle pattern and completed a retest above its breakout level. The token is now consolidating just below a near-term resistance zone, which implies heightened price action in the near future.

Support Holds at $7.04 as Volume Grows

The immediate support level for RPL sits firmly at $7.04, which aligns with the triangle’s upper boundary. This area saw repeated buying defense over the past two weeks. The price reversed cleanly from this area on the recent retest, and it is a key short-term pivot area. Increased volume on the bounce complemented this further, reinforcing the idea that this level may act as a near-term base.

In addition, price action within the present form remains clearly defined within the bullish pattern with upward pressure. The 24-hour price range has also remained contained between $7.55 and $8.17, reflecting a narrowing spread that typically results in directional activity. While buyers continue to soak up selling pressure at the higher end of the range, the underlying trend continues to favor a potential extension higher.

RPL Tests Resistance as ETH Correlation Strengthens Breakout Potential

As of the latest data, RPL faces its next significant resistance near the $8.17 mark. Price action has tested this area twice in recent days without a successful breakout. The resistance also coincides with prior price rejection levels dating back to early June. Should this zone break, further upside may open toward the $9.25 and $12.10 targets indicated in technical setups.

Notably, the token’s correlation with ETH remains a relevant factor. As Ethereum maintains strength, RPL has mirrored those gains closely, reinforcing its beta relationship. However, price must remain above the breakout level to sustain this structure. Continuation above $8.17 would require increased momentum, likely driven by both ETH movement and RPL-specific trading volume.

RPL Confirms Triangle Breakout as Bullish Momentum Strengthens

Recent price behavior also confirms that RPL has completed a breakout and retest from a long-standing symmetrical triangle. This pattern began forming in late April, with multiple touches on both trendlines. The breakout occurred near the end of July, with follow-through supported by bullish daily closes. Traders have since monitored the token closely, as consolidation near the $7.87 level builds short-term pressure.

Momentum indicators are also aligning with this technical setup. However, the next few daily closes may determine if the breakout holds or fails. As volume builds and ETH continues to trade firmly, RPL remains within a defined structure that reflects recent bullish activity.