XRP Price Forms Bull Flag On Weekly Chart: Analyst’s $23 EOY Target Now In Clear View

XRP just painted a textbook bull flag pattern on its weekly chart—and analysts are calling for a massive breakout.

The Setup

That consolidation phase everyone's been watching? It's forming the perfect flag pole and pennant. Technical traders are leaning in hard.

Price Target Locked

One prominent analyst just reaffirmed their $23 year-end price target. That's not a typo—it's a bold call that's suddenly looking more plausible.

Market Mechanics

Bull flags typically break to the upside after brief consolidation. Volume patterns suggest this one's priming for a major move.

Timing The Breakout

Watch for a weekly close above current resistance levels. That could trigger the next leg up toward those ambitious targets.

Meanwhile, traditional finance guys are still arguing about whether crypto is 'real'—while missing yet another asymmetric risk opportunity. Some things never change.

XRP Price Bull Flag Signals Explosive Potential

Crypto market expert Stedas has drawn attention to XRP’s weekly chart, highlighting the formation of a classic bull flag pattern, one of the strongest continuation signals in technical analysis. His XRP price analysis, shared in a post on X social media, shows that the cryptocurrency’s recent sideways movement and consolidation phase are forming the “flag” of the pattern after a sharp rally that created the “flagpole.” This structure typically suggests that a new explosive leg upward could soon unfold once resistance is cleared.

According to Stedas, the critical level to watch is the $3.6 mark. A decisive break above this resistance could ignite XRP’s next rally phase, potentially unlocking price levels far beyond its current range and former all-time highs. The analyst has identified $6, $13, and even $23 as potential end-of-the-year targets. While these levels may seem ambitious, they align with the behaviours of bull flag patterns, which have historically driven powerful and sustained rallies following periods of consolidation. 

Notably, XRP’s momentum picked up after it reclaimed the $3 range earlier this month with strong buying pressure. However the price has since slipped to $2.97 following a 3.5% pullback in the past 24 hours. Despite the dip, Stedas’s bull flag framework suggests that XRP is shifting out of its stagnant zone and is now primed for acceleration. 

If market sentiment aligns with the technicals, the cryptocurrency could be looking at its most significant rally in years. The next few weeks may also prove decisive, as the market awaits confirmation of whether the analyst’s current setup can deliver on its bullish outlook. 

XRP Retests Fib Zone With $4.6 Target In Play

Crypto analyst, ROSE Premium Signals, has also shed light on XRP’s structure, focusing on its mid-term outlook. The analysis suggests that XRP has completed a bullish retest, strengthening the case for upside continuation. According to him, XRP has just bounced off the 0.5 – 0.618 Fibonacci retracement zone, a range that often serves as a textbook support level before continuation moves. 

Rose Premium Signals has highlighted an entry zone between $2.85 and $3.05, which XRP has already tested and respected with notable strength. The analyst argues that this confirmation marks a valid long setup backed by clear technical structure, Fibonacci alignment, and broader market resilience. From this zone, the chart projects a climb toward $4.67, which serves as the first official target in this mid-breakout scenario.