XRP Bullish Flag Breakout Signals Rally Toward $11

XRP is showing strong bullish potential as technical indicators and on-chain data align to suggest a significant rally could be underway. The latest analysis points to a breakout from a bullish flag pattern, with projections targeting a move toward the $11 level.

The digital asset recently found renewed upward momentum after a stagnant start to August. Several factors have contributed to this shift, including broader market gains, a positive outlook in the derivatives space, and the long-awaited legal resolution with the U.S. Securities and Exchange Commission. Confidence among investors is steadily returning, fueling speculation that XRP could finally push into double-digit territory.

Weekly Chart Confirms Bullish Flag Pattern

XRP surged 10% over the past seven days, trading at $3.27, as the broader cryptocurrency market experienced robust growth. Bitcoin approached a record-high level above $122,000, and Ethereum topped $4,300 for the first time in years. Notably, technical strategist Ali Martinez identified a confirmed bullish flag breakout on XRP’s weekly timeframe — a continuation pattern known for preceding significant uptrends.

The bullish flag took shape after XRP catapulted 580% from below $0.50 to $3.40 between late 2024 and mid-2025. After consolidating for 24 weeks, it broke out near $2.25, just above a key Fibonacci retracement level. XRP then climbed past $3.66 before encountering temporary resistance. Based on Fibonacci extension levels, Martinez predicts that XRP might reach $5.75 in the medium-term and could potentially hit $11.20 in the longer run. Achieving that valuation would place XRP’s total market capitalization above $650 billion.

On-Chain Analysis Supports Bullish Sentiment

Further boosting optimism, Martinez observed a powerful signal from XRP’s Market Value to Realized Value (MVRV) ratio. The metric recently crossed its 200-day moving average, forming a “golden cross”—a pattern that previously marked the start of rallies gaining between 54% and 630%. If similar trends emerge, XRP could soar to $5 in a minimal scenario or reach a dramatic $24 peak, potentially rivaling the market capitalizations of companies like Tesla.

Derivatives Market Shows Growing Confidence

Interest in XRP-related derivatives is also rising. Data from CoinGlass indicates open interest in XRP futures has jumped to $8.5 billion, marking a 17% increase from early August. Meanwhile, funding rates rose significantly, implying that more traders are betting on price increases. Trading volume saw a sharp boost as well, reaching $12.64 billion—a reflection of higher investor participation.

This increased activity follows key legal developments. Ripple and the SEC submitted a joint motion to close their prolonged lawsuit, with Ripple agreeing to settle a portion of the disputed $125 million penalty by paying $50 million. This legal resolution has helped stabilize investor sentiment and provides a more favorable backdrop for XRP’s market trajectory.

Crucial Support and Resistance Levels

Presently, XRP is consolidating between a support level of $3.00 and a resistance near $3.40. The Money Flow Index (MFI) has rebounded above 40, signaling a return of capital into the asset. A solid breakout above $3.40 could open the doors to retesting the recent high of $3.66 recorded in mid-July.

In the event of a downturn, vital moving averages offer key support: $2.88 (50-day EMA), $2.66 (100-day EMA), and $2.39 (200-day EMA). These levels could prevent deeper pullbacks and maintain XRP’s broader uptrend.

Future Outlook Suggests Aggressive Growth

Martinez is not alone in his bullish long-term view. Other industry analysts also see major upside potential. One forecast suggests XRP could experience up to a 10x return if Ethereum surpasses the $20,000 mark, indicating XRP might reach $30. Another analyst has gone even further, proposing that XRP may climb to $50 per token by the end of 2025.

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

Following the end of Ripple’s legal battle with the SEC, the cryptocurrency now enjoys one of the clearest regulatory positions in the digital asset landscape. As a result, market participants are growing increasingly optimistic. For the first time in almost a decade, XRP appears set not only to test its previous all-time high but also to break into previously unreachable double-digit territory.