XRP Breaks Bull Flag Pattern on Weekly Chart, Targets $5 in Technical Projection

XRP breaks out of a clean weekly bull flag, holding $2.31 with strong structure and a clear path to the $5.00 technical target.

Two-week chart shows XRP forming a W-shaped base with resistance targets at $2.99, $3.40, and $3.79 after reclaiming $2.30.

With 5.1M transactions processed in 24h and a new ETF launch, XRP’s fundamentals are aligning with its bullish chart setup.

XRP is positioning for a potential macro rally as it breaks out from a long-standing weekly bull flag pattern. The structure reflects months of coordinated accumulation, and recent price behavior now indicates the formation could be transitioning into parabolic continuation.

Technical Structure Signals High-Momentum Upside

According to an analysis shared by Bitcoinsensus, XRP’s weekly chart presents a clean bull flag following a steep rally from below $1.00 to $2.50 earlier this year. This upward move created the “flagpole,” followed by a controlled pullback held within descending trendlines. Volume behavior has steadily declined during this consolidation phase, an expected prelude to major breakouts. XRP is now trading at $2.3199, firmly above important trend support and preserving structural integrity as each higher low is printed within the flag borders.

This structure shows that XRP is departing a long-term accumulation zone, with the consolidation period serving as a foundation for further gains.. Recent candles show repeated rejections from lower support, signaling that buyers are active. If XRP holds above the $2.00 psychological level, the structure remains valid, and the flag’s technical target near $5.00 remains in play

That price is derived by applying the height of the flagpole to the breakout point. XRP’s momentum continues to build, supported by visible strength across multiple timeframes. The pattern shows no signs of breakdown, and buyers appear to be stepping in on each dip.

Mid-Term Resistance Levels Offer Roadmap

On the two-week timeframe, XRP is carving out a wide structure, defined by dynamic support and a clear W-shaped correction. Price recently posted a strong candle that saw a low of $2.0828 and a high of $2.3279, demonstrating a swift recovery from intraday weakness. The structure indicates compression, often a precursor to breakout resolution. If XRP clears the $2.30 zone decisively, the next resistance levels sit at $2.9957, $3.4093, and $3.7978. Each target corresponds to prior swing highs and projected extensions, forming a layered path for price discovery.

Source: (X)

XRP continues to trade in favorable alignment with these targets while testing ascending support with conviction. Structural integrity remains intact, with the coin holding above key round numbers. These price reactions underscore sustained bullish control.

Ledger Performance and ETF Support Add Tailwind

Beyond charts, XRP’s ecosystem remains technically unmatched. The XRP Ledger recently processed 5.1 million transactions in one day, without delays or fee spikes. At the same time, North America’s first XRP ETF launched on the Toronto Stock Exchange, granting new exposure with 0% fees. This fusion of real-world scaling and institutional support reinforces the technical case for sustained XRP upside.

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