- XRP’s bullish flag breakout projects a $15.35 target based on measured technical move.
- Whales accumulated 50M XRP after legal settlement, signaling renewed market confidence.
- Derivatives activity surged, with open interest up 20% and options volume rising over 1,300%.
XRP is showing strong bullish momentum as technical structures point toward a potential major breakout. Analysts are drawing attention to chart patterns and market activity that suggest a rapid upward move could be near. XRP is currently trading at $3.19, with next week projected to deliver major price action.
Technical Structure Points Toward $15 Target
According to analysis prepared by BarkMeta, the XRP/USDT chart displays a flagpole rise followed by a flag formation before a breakout. Price recently moved above resistance at $3.65026 before settling at $2.95905.
Fibonacci retracement levels identify $2.67066 and $2.42493 as key support zones, with deeper support near $1.61092. The breakout target from this formation is projected at $15.35562.
This projection is based on the measured move from the flagpole structure, which often precedes strong rallies. Market analyst Ali Charts has also identified a bullish flag on the weekly chart, noting that XRP targets $11 initially after the breakout, with further potential if momentum holds.
Whale Activity and Legal Clarity Support the Bullish Case
According to an observation by Ali Martinez, large XRP holders have accumulated 50 million coins in recent days, indicating growing confidence in the asset. This buying comes after Ripple and the U.S. SEC filed a joint motion to dismiss appeals, marking an end to the multi-year legal battle. Ripple CLO Stuart Alderoty referred to the settlement as “The end,” removing a key source of uncertainty.
Data from Coinglass shows derivatives activity in XRP surged, with open interest rising 20% to $8.82 billion and options trading up over 1,300%. Analysts suggest that if XRP sustains current price levels and breaks above $3.35, momentum could accelerate toward double-digit territory.
If current technical and on-chain conditions remain intact, market experts believe XRP could be on track for a 5–10x move. With legal clarity, strong accumulation, and a bullish chart setup, the $15 target could be reached sooner than expected.
