Recent analysis suggests that Ripple’s XRP could be poised for a massive price surge. Top analyst Levi Rietveld shared on X (formerly Twitter) that XRP is forming a bull flag pattern, a technical structure often associated with continued upward momentum.
Paired with rising open interest and historical bullish trends, this pattern hints at the potential for the price of XRP to target $15, representing a significant rally of over 500%.
What you'll learn 👉
XRP Chart Analysis: Price Patterns Suggest Bullish Continuation
The chart highlights a key breakout moment for XRP, where its price surged from below $1 to over $2.50 in November. This rally was accompanied by a notable increase in trading volume, indicating strong market participation. Following the breakout, the XRP price entered a consolidation phase, signaling potential accumulation before another upward movement.
Key support levels include $0.50, where XRP’s price consolidated pre-rally, and $1.34, which aligns with recent consolidation activity. Resistance was observed near $2.50 and slightly below $3, where the price briefly struggled to sustain upward momentum. These levels remain critical as XRP eyes further gains.
Bull Flag Formation and XRP Price Target Projection
The chart also focuses on the bull flag pattern identified by Rietveld. The price shot up from $0.50 to $2.40, going up almost 5 times. This created a flag pattern, which usually means prices will keep rising. Based on this pattern, we’re looking at possible prices between $12.42 and $14.80.
Looking at the moving averages, XRP’s price is still riding high above all the important ones – the 50-day, 100-day, and 200-day. This tells us buyers are still in control. Meanwhile, RSI levels, hovering around neutral to slightly bullish zones, suggest there is room for further upward momentum without entering overbought territory.
Read Also: 5 Under-the-Radar Altcoins Ready to Outshine SUI and XRP in 2025
Rising Open Interest and Historical Momentum Support Bullish Case
Rietveld emphasized rising open interest in XRP markets, signaling increased participation and trader confidence. Historical data also highlights XRP’s tendency to experience sharp upward rallies during bullish cycles, aligning with the current analysis.
To validate this outlook, XRP’s price must break above the $2.90 resistance level. If successful, the cryptocurrency could initiate the next phase of its rally, potentially reaching the anticipated $15 target.
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