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XRP Breaks Out of “Bull Flag” Pattern, Targets $11
Analyst Ali Martinez highlighted a breakout of a bull flag on XRP’s weekly chart, which could pave the way for a significant rally. This formation, which developed from late 2024 to mid-2025, followed a previous price surge and represents a consolidation phase before the next upward move.
The breakout occurred near the $2.25–$2.30 range, slightly above the 0.786 Fibonacci retracement level. After that, XRP climbed to $3.40 before entering a short consolidation. On the evening of August 10, the cryptocurrency was trading around $3.23, holding above the breakout zone and maintaining its bullish structure.
Using Fibonacci extension levels, Martinez projects two key upside targets: $5.75 at the 1.272 level and $11.20 at the 1.618 level. The latter serves as a long-term target if bullish momentum persists.
The breakout, combined with the current uptrend, suggests that XRP could stage one of its biggest rallies in recent years, as both target levels would push XRP above its all-time high. Essentially, if the breakout continues and buying pressure holds, XRP could reach double-digit values for the first time in its history.
The technical model pointing to an $11 target for XRP is also supported by other on-chain data. Specifically, Martinez noted that XRP’s MVRV ratio has flashed a bullish signal. He pointed out that previous “golden crosses,” when MVRV rose above its 200-day moving average, preceded gains of 630% and 54%.
A repeat of the 54% increase would push XRP to $5.10, while a 630% surge would send it to $24, boosting its market capitalization to $1.44 trillion.
See also: "XRP Shows Strong Growth, Breaking Through Key Resistance Levels"
