XRP Breaks Bull Flag Pattern as Traders Eye $15 Target

XRP is gaining strong momentum after breaking through a key bullish formation, signaling the potential for further upward movement. Traders are closely watching as Ripple’s XRP pushes towards a projected $15 target, following weeks of consolidation and a breakout from a long-standing resistance.

The focus keyword, XRP, sets the tone for this rally as excitement builds in the crypto market. After staying confined in a tightening pattern for several months, XRP has finally broken free from a major descending trendline. This breakout has confirmed the formation of a classic bull flag, a pattern typically linked to trend continuation, and it’s unfolding on the weekly time frame—highlighting the potential scale of the upcoming move.

The recent price move above $3.50 served as the official breakout point, igniting bullish speculation and pushing traders to set higher targets. Market participants are now eyeing significant resistance levels, including the Fibonacci retracement zones at $4.17, $4.63, and $5.01. Technical analyst Ali supported this view by sharing a chart that points to a longer-term bullish trajectory, forecasting a potential climb toward the $15 mark. However, any short-term correction could find support between the $2.70 and $3.00 region.

The MACD indicator—a popular momentum-tracking tool—has further confirmed the bullish tone. The blue MACD line has crossed above the orange signal line, while the histogram bars have turned green, reflecting strengthening upward pressure. This current configuration mirrors the setup seen just before XRP’s sharp rally in 2024, reinforcing traders’ bullish convictions.

Additional technical signals from other experts also align with this outlook. Analyst Mikybull Crypto highlighted similarities between the current setup and prior breakouts, suggesting price targets between $5 and $8 in the near term. The Fibonacci 1.618 level, located near $5.32, is now gaining attention as the next major barrier XRP must overcome to confirm its continuation of the uptrend.

Momentum has been building since the beginning of 2025, with XRP maintaining a long-term bullish trend. The asset has demonstrated resilience to pullbacks, establishing a solid base for future price action. This strong foundation has given bulls confidence to look for larger moves as the breakout unfolds on higher timeframes.

While technical factors support upside potential, XRP’s progress in the broader financial ecosystem has hit regulatory headwinds. Recently, the U.S. Securities and Exchange Commission (SEC) obstructed an attempt by Bitwise to convert its 10 Crypto Index Fund into an exchange-traded fund (ETF). This fund features XRP along with other high-profile digital assets.

This decision came despite earlier indications of approval from another section of the agency. According to ETF analyst Nate Geraci, the move mirrors a similar reversal involving the Grayscale Digital Large Cap ETF, leading to renewed uncertainty for ETF strategies involving altcoins like XRP.

Although this regulatory hurdle introduces some caution regarding mainstream adoption, it hasn’t significantly cooled the excitement surrounding XRP’s technical structure. As long as the recent breakout holds and support levels are maintained, the prospect of hitting higher targets—such as the much-watched $15 level—remains firmly on the table.

Related: XRP Price: $12M Max Pain for Bears

In summary, XRP is riding a wave of renewed bullish interest driven by a textbook bull flag breakout, strong momentum indicators, and favorable Fibonacci levels. While traders remain cautiously optimistic in light of regulatory decisions, the overall outlook remains constructive, especially with critical resistance zones being tested and higher targets becoming increasingly feasible.