- XRP’s breakout from a bullish flag pattern sets a potential long-term target near $15.
- Key resistance at $3.66 must break to confirm further gains, with $4.65 and $6.26 as next levels.
- Analysts see strong support near $3.40, aligning XRP’s structure with its 2017 rally setup.
XRP has broken above a major resistance, completing a bullish flag formation that began developing in late 2024. The breakout is now drawing attention, as technical patterns suggest a possible upward move toward the $15 mark. At the time of writing, XRP was trading at $3.46.
Bullish Flag Breakout Suggests Higher Targets
According to analysis prepared by crypto analyst Ali Martinez, XRP has exited a bullish flag on the weekly chart. The pattern, which developed over several months, concluded with a breakout above $3.50, a level that had acted as upper resistance. The move was supported by rising volume and a strong bullish weekly candle.
The chart shared by Martinez shows a steep projected climb based on the flagpole formation, which points toward $15 as the next long-term target. This target is based on traditional chart pattern measurements applied to the recent breakout.
XRP gained over 74% in the past month, which signals ongoing momentum. The weekly chart, as observed by Martinez, also indicates continued market participation. The price structure, combined with consistent buying pressure, has kept XRP trading above previous all-time high levels near $3.40.
Analysts Eye Key Resistance Levels Ahead
According to an observation by CasiTrades, XRP has formed a stable consolidation zone between $3.40 and $3.60 over the last few days. This range is considered a healthy development, as the trendline that once acted as resistance has now flipped into support.
CasiTrades added that the RSI remains below overbought levels, which may allow further gains without immediate reversal. If XRP breaks above $3.66, the next resistance level to monitor is around $4.65. If XRP falls below $3.40, the $3.20–$3.25 range may provide support.
EGRAG CRYPTO noted that a close above $3.65 could unlock higher Fibonacci targets at $5.37 and $6.26. The broader chart structure shows alignment with historical rallies, particularly the 2017 pattern. This alignment strengthens the case for a possible wave-based move toward higher price levels.
