XRP Charges Toward Breakout as Raoul Pal Touts ’Explosive’ Rally Potential

XRP bulls are loading up as macro guru Raoul Pal flags the embattled token for a potential moonshot. After years of regulatory purgatory, the Ripple-linked asset shows signs of shaking off the SEC’s shadow.

The setup? Textbook accumulation. Trading volumes spiked 40% this week as whales repositioned—classic ’smart money’ behavior before a big move. Pal’s track record with crypto calls lends credibility, though let’s be real—since when do finance gurus ever hedge their bets?

Key levels to watch: A clean break above $0.75 could trigger algorithmic buying frenzies. Below? The $0.50 support held firm through last month’s market-wide dump. Either way, strap in—this isn’t your 2017 ’happy-go-lucky’ crypto market anymore.

TLDR

• XRP is currently consolidating near the $2 level after a major rally earlier this year.
• Based on a bullish chart pattern, Raoul Pal believes XRP will see another leg up.
• The weekly chart shows a bull flag forming, which typically signals a continuation of an uptrend.
• XRP must break above the $2.6 resistance to confirm the next upward move.
• XRP could reach a target price of $5.5 if the breakout occurs.

XRP continues its consolidation NEAR the $2 mark, while analyst Raoul Pal expects a strong upside move soon. The digital asset is trading sideways after a significant rally earlier this year, with a bullish pattern taking shape. According to Pal’s chart analysis, XRP’s current phase may lead to another price surge in the near term.

XRP Forms Bull Flag After Major Rally

XRP began forming a bull flag in November 2024 after surging from $0.5 to $3.4 in just two months. This 580% price rally followed a broader market uptrend after Donald Trump’s U.S. presidential election victory. The rally created the flagpole, a critical part of the bull flag pattern seen on XRP’s weekly chart.

After reaching $3.4, XRP faced strong resistance and pulled back below $2, which confirmed a consolidation phase. Since then, the asset has traded within a narrow range but maintained its structure above the $2 level. This consolidation now forms the flag portion of the pattern, which traders monitor for a breakout.

The bull flag pattern suggests a continuation of the previous rally, and a breakout above resistance could confirm this setup. A clear move above $2.6 on the weekly chart WOULD indicate bullish momentum resuming. The technical setup strengthens the view that XRP remains positioned for further gains.

Raoul Pal Highlights Potential Upside for XRP

Raoul Pal, a known market analyst, acknowledged the bullish pattern in XRP’s current price action. He noted that the consolidation aligns with a textbook bull flag, often preceding a new upward move. Despite previously criticizing XRP, Pal now sees potential for another leg up from current levels.

Pal believes the recent equilibrium phase signals an upcoming breakout rather than a trend reversal. Although XRP has formed lower highs, it remains above key support, which supports the bullish case. His analysis indicates that a sustained breakout could lead to new price targets being reached.

While Pal did not state a specific target, chart data reveals an implied objective of $5.5 upon a confirmed breakout. This target derives from the flagpole’s length added to the breakout level at $2.6. Based on the current price of $2.31, XRP would need a 138% increase to reach that level.

XRP Price Faces Resistance Before Next Rally

XRP must close above $2.6 on the weekly chart to confirm the breakout and resume its prior uptrend. The resistance level has held firm over the past few months, limiting bullish momentum. However, the longer XRP consolidates near this point, the stronger the potential breakout becomes.

Technical indicators on the weekly chart show weakening bearish pressure, though lower highs remain a concern for short-term sentiment. Yet, consistent support above $2 indicates buyers continue defending this level, keeping the bull flag intact. The market awaits a decisive MOVE to determine the next direction.

XRP’s overall structure suggests a bullish continuation as long as it holds within the flag pattern and avoids a breakdown. Traders anticipate that a move above resistance could trigger a new rally phase, potentially driving XRP to new highs. Raoul Pal’s analysis adds weight to this outlook, highlighting the pattern’s historical reliability.