Analyst Scient identifies a bullish flag formation on XRP’s weekly chart, suggesting a continuation of its uptrend.
Recent price action shows XRP gaining momentum, with a 4.6% increase in the past 24 hours. The asset has demonstrated a pattern of higher highs and higher lows, briefly testing $2.30 before stabilizing above $2.10.
Key Technical Patterns
Bull Flag Targets $10
Scient’s analysis reveals a bull flag pattern on XRP’s weekly chart:
- Flagpole Formation: XRP surged from $0.38 to $3.30 in late 2024 with minimal pullbacks.
- Consolidation Phase: A multi-month pennant (flag) formed in 2025, with prices ranging between $1.60 and $3.30.
- Projection: A breakout could propel XRP toward **$10**, a 338.6% increase from its current $2.28 price.
Critical Resistance Levels
Trader CasiTrades emphasizes the importance of the $2.24 resistance zone:
- XRP briefly spiked to $2.27 after a misinterpreted ETF article but faced rejection.
- A sustained close above $2.24 is crucial to maintain bullish momentum, especially during low-liquidity weekend trading.
"Weekend moves often exaggerate price action. Focus on technical structures, not headlines."
— CasiTrades
Long-Term XRP Price Outlook
CryptoGuard COO Matthew Brienen outlines ambitious long-term targets:
- Short-Term: Plans to gradually take profits during the 2024–2025 cycle.
- Long-Term Holds: Retains a portion of XRP for 5–10 years, citing its cross-border settlement potential.
- Price Projection: Predicts XRP could reach $100–$1,000 within a decade due to its low fees and transaction speed.
FAQ Section
Q: What confirms XRP’s bull flag pattern?
A: The flagpole (sharp rally to $3.30) followed by a consolidation pennant with shrinking volatility and defined support/resistance levels.
Q: Why is $2.24 a key level for XRP?
A: It’s a psychological and technical resistance zone; reclaiming it could validate further upside.
Q: Is XRP a good long-term investment?
A: Analysts like Brienen believe its utility in remittances may drive multi-year growth, but always conduct independent research.
👉 Explore real-time XRP market trends