- XRP breaks above $3.40, forming a bullish structure with a short-term target above $5.50.
- On-chain data shows a 50% surge in daily active addresses and $10B in open interest.
- XRP/BTC pair breaks resistance, signaling capital rotation from Bitcoin as dominance climbs 26%.
XRP has broken out of a prolonged consolidation, forming a bullish structure that analysts say could carry it far higher. The current rally follows a breakout from a bull flag, supported by strong indicators and rising market activity. At the time of writing, XRP was trading at $3.50, with a short-term price target of $5.50+.
Technical Setup Points Toward Aggressive Upside
According to analysis prepared by Bark, XRP is forming what he called a “crazy breakout” as it clears key resistance levels. The move comes after weeks of consolidation between $2.00 and $3.00, followed by a breakout above $3.40 in early July 2025.
The chart shows a confirmed W-shaped pattern that preceded the breakout, which surged XRP to $3.56, marking a 25.46% weekly gain. The ADX indicator has turned upward for the first time in six months, showing growing strength in price momentum.
At the same time, the RSI has climbed to 69, suggesting that buying demand is exceeding selling pressure. Based on the height of the flagpole, analysts estimate that XRP could rise by 480%, potentially reaching $17 in the coming months.
On-Chain Metrics and Market Activity Continue to Rise
Retail participation has increased sharply as traders seek exposure to XRP’s rally. According to data from Santiment, daily active addresses jumped from 58,000 to 88,000 within 48 hours. At the same time, XRP’s open interest has exceeded $10 billion, while funding rates have climbed alongside price.
XRP’s dominance is up 26%, while Bitcoin’s market share fell by over 4.6% during the same period. The XRP/BTC pair recently broke through key resistance at 0.00003051 BTC, confirming strong capital rotation from Bitcoin into XRP.
Analyst CryptoWZRD noted, “Back in 2017, $XRP consolidated for 210 days before exploding, it took around the same this time.” With momentum holding, analysts are closely watching the $5.50 level as the next immediate target.
