XRP forms a classic bull flag after breaking $2.00, with projections reaching as high as $21.60 using multiple charting methods.
Analyst EGRAG CRYPTO uses log, linear, and average models to project XRP targets, reinforcing a strong bullish continuation setup.
Technical indicators and volume trends confirm bullish momentum, with XRP’s breakout aligning with historical success rates of 67-70%.
XRP shows bullish signals as analyst revise projections based on recent breakout patterns and price action. The cryptocurrency, trading at $2.30, recently broke out of a long-standing range. This breakout has formed a classic bull flag structure, confirming an ongoing trend shift. Market analyst EGRAG CRYPTO has updated the bull flag pattern to better reflect XRP’s current setup. His projections now span three target zones using different analytical approaches.
Source: EGRAG CRYPTO
The chart spans weekly data from early 2021 to mid-2025 on the Bitfinex exchange. The price remained flat between late 2022 and mid-2023. However, XRP surged above $2.00 in late 2024, triggering upward momentum. The bull flag began forming, showing a healthy consolidation phase. This structure features lower highs and lower lows within converging trendlines, typical of controlled retracement.
Three Target Zones Based on Price Scale Approaches
EGRAG CRYPTO uses three analytical methods—logarithmic, non-logarithmic, and an average between both. These methods help estimate XRP’s breakout potential more accurately. The logarithmic projection, preferred for crypto due to its exponential moves, places the target around $18.00. The non-logarithmic method estimates a conservative target of $5.50. Meanwhile, the average approach—seen as most realistic—suggests $11.75.
Additionally, he applies a 15%-20% variability to account for crypto market volatility. This results in an extended range between $6.60 and $21.60. These measured move techniques align the initial flagpole height with projected breakout targets, giving the forecast structural reliability.
Market Momentum and Technical Indicators Remain Bullish
The recent breakout aligns with a historical pattern that has a 67-70% success rate. Moreover, XRP’s 2025 moving average now curves upward, supporting bullish continuation. Volume has also spiked since the breakout, signaling renewed investor interest.
Furthermore, the support zone around $0.60 remains intact. Each retracement within the flag sees minimal losses before bouncing back. Recent candlestick positioning near the upper trendline indicates resistance testing, which strengthens the bull flag structure.
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