XRP Eyes $15 After Bullish Flag Breakout
XRP breaks out of a bullish flag pattern, with analysts now targeting a $15 price level. Weekly chart hints at a major move.
- XRP breaks bullish flag pattern on the weekly chart
- Analysts predict a potential surge towards $15
- Breakout signals long-term bullish momentum
XRP, the native token of the XRP Ledger, has sparked renewed excitement in the crypto market after breaking out of a bullish flag pattern. This classic technical formation often precedes significant upward movements—and XRP seems to be following the script.
Traders monitoring the weekly chart have pointed out this breakout, with many eyeing the next major target at $15. While the price has hovered in a consolidation phase for months, this breakout could mark the beginning of a sustained rally.
The bullish flag pattern is typically a continuation signal, indicating that the prior uptrend is likely to resume. XRP’s long-term chart now shows signs of strength as momentum shifts upward, catching the attention of both retail and institutional traders.
Why $15 Is Now in Focus
The $15 price target is based on technical projections derived from the length of the flagpole in the breakout pattern. If XRP maintains momentum and volume continues to rise, this target could be within reach—though it may take time.
Another supporting factor is the overall bullish sentiment returning to the crypto markets, especially as regulatory pressure on Ripple eases and adoption of the XRP Ledger increases in cross-border payments.
Zooming out to the weekly chart helps remove the noise of short-term volatility and reveals a strong, long-term structure. XRP holding above key resistance levels only strengthens the bullish case.
What to Watch Next
As always, traders should be cautious and manage their risks. If XRP fails to hold above its breakout zone, a retest of lower levels could occur. But for now, the chart points toward optimism.
If XRP continues to climb, reaching $15 would mark one of its most significant moves since its all-time highs in early 2018. The next few weeks will be crucial in confirming this bullish trend.
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