XRP Bull Flag Signals Potential Move Toward $11
XRP is showing signs of a major technical breakout after nearly 8 months of consolidation. Analysts are pointing to a classic bull flag pattern forming on the weekly chart, which historically signals strong continuation moves.
If this breakout confirms, the measured move from the flagpole projects a price target near $11, with Fibonacci extensions suggesting a possible push toward $11.20. That would represent roughly 700% upside from current levels.
However, short-term volatility remains. Rising geopolitical tensions between the U.S. and Iran have pressured the broader crypto market, and XRP ETFs have recorded recent net outflows totaling over $22M in two days.
Some analysts warn that XRP could still retest lower support levels around $1.25 or even $1.00 if resistance at $1.61–$1.67 continues to hold.
Key levels to watch:
• Resistance: $1.61 – breakout could restart the larger uptrend
• Support: $1.25 → $1.00 demand zone
• Bullish target (if confirmed): $11+
If buyers reclaim $1.61 and break the descending resistance, the probability of a new bullish leg increases significantly.
For now, XRP sits in a high risk-to-reward zone where the next breakout could define the next major trend.