XRP Breaks Out of Bullish Flag Pattern, Eyes $11 Price Target
- XRP has broken out of a bullish flag pattern on the weekly chart.
- Analyst Ali Martinez’s projections point to targets as high as $11.
- On-chain data like the bullish MVRV signal supports continued upward momentum.
XRP has surged above a key technical pattern on the weekly chart, with analyst Ali Martinez identifying a bullish flag breakout that could pave the way for a significant rally. The formation, which took shape between late 2024 and mid-2025, followed an earlier price surge and represents a consolidation phase before the next leg upward.
The breakout occurred near the $2.25–$2.30 range, just above the 0.786 Fibonacci retracement level. Following the move, XRP climbed toward $3.40 before entering a short consolidation. At the time of writing, the cryptocurrency is trading at around $3.23, holding above the breakout zone and maintaining its bullish structure.
XRP Fibonacci Extensions Point to Double-Digit Target
Using Fibonacci extension levels, Martinez projects two key upside targets: $5.75 at the 1.272 level and $11.20 at the 1.618 level. The latter serves as the long-term objective if bullish momentum persists.
The breakout patter…
The post XRP Breaks Out of Bullish Flag Pattern, Eyes $11 Price Target appeared first on Coin Edition.
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XRP Breaks Out of Bullish Flag Pattern, Eyes $11 Price Target
- XRP has broken out of a bullish flag pattern on the weekly chart.
- Analyst Ali Martinez’s projections point to targets as high as $11.
- On-chain data like the bullish MVRV signal supports continued upward momentum.
XRP has surged above a key technical pattern on the weekly chart, with analyst Ali Martinez identifying a bullish flag breakout that could pave the way for a significant rally. The formation, which took shape between late 2024 and mid-2025, followed an earlier price surge and represents a consolidation phase before the next leg upward.
The breakout occurred near the $2.25–$2.30 range, just above the 0.786 Fibonacci retracement level. Following the move, XRP climbed toward $3.40 before entering a short consolidation. At the time of writing, the cryptocurrency is trading at around $3.23, holding above the breakout zone and maintaining its bullish structure.
XRP Fibonacci Extensions Point to Double-Digit Target
Using Fibonacci extension levels, Martinez projects two key upside targets: $5.75 at the 1.272 level and $11.20 at the 1.618 level. The latter serves as the long-term objective if bullish momentum persists.
The breakout patter…
The post XRP Breaks Out of Bullish Flag Pattern, Eyes $11 Price Target appeared first on Coin Edition.
Read More
Yield-bearing Version of XRP, mXRP, Sells Out in One Hour, Strobe Finance Increases Supply Cap