- XRP breaks out of a symmetrical triangle after a bullish flag rally, signaling potential upside toward $11 if momentum continues.
- Key Fibonacci zones at $1.50 and $2.50 are acting as strong support, with a push above retracement levels likely confirming the bullish trend.
- Elliott Wave analysis points to $4.00 as a critical test, with ambitious long-term targets at $29.62 and $96.02 if major resistance levels are cleared.
XRP’s price action is starting to look like it’s gearing up for a big move. After blasting out of a bullish flag pattern earlier this cycle, the coin cooled off, slipping into a symmetrical triangle formation—a setup that usually comes before a strong directional push. That push, it seems, might now be underway, with some chart-watchers eyeing a climb toward the $11 mark if momentum holds.
Technical Setup and Key Levels
The breakout from the symmetrical triangle is stacking on top of the earlier bullish flag rally, giving the market two strong technical signals back-to-back. XRP is sitting between the 0.382 and 0.5 Fibonacci retracement levels—zones that often act as launch pads for further price expansion. Analysts argue that if it pushes above these retracement points with volume, it could confirm a continuation of the trend and clear the path for much higher targets.
The $1.50 zone, which lines up with the 0.5 Fib, has proven itself as an important support. Holding above it strengthens the bullish case, while volume indicators will help confirm whether buyers have the firepower to keep the rally alive. Maintaining above $2.50 would add even more confidence to the move, potentially putting the $5+ range within striking distance.
Elliott Wave Insights and Higher Resistance Targets
Zooming out, Elliott Wave analysis suggests XRP could be in the final impulsive leg of a larger bullish structure, with wave (v) pointing toward a key test around $4.00. Breaking that could open the door to bigger, more ambitious price zones—like $29.62 or even $96.02—based on full Fibonacci extensions.
Of course, hitting those extreme targets would require sustained momentum, strong volume, and a break through stubborn resistance levels like $3.40. If those dominoes fall, XRP could find itself in a rally phase that turns current bullish chatter into full-on FOMO.
