XRP Eyes $11 After Weekly Bull-Flag Breakout
XRP surged to ~$3.18 after breaking out of a weekly bull-flag pattern, prompting analyst Ali Martinez to set a $11 target based on classic technical analysis and Fibonacci projections ($8–$15 range).
SEC vs. Ripple case officially ended, removing legal uncertainty.
ProShares launched leveraged XRP ETFs in July, boosting institutional access.
Strong recent momentum (+11% weekly) and rising trading volume.
Breakouts can fail; resistance near $3.60 may cap short-term upside.
A drop below support could trigger a pullback to $2.05–$2.20 before another run.
The $11 goal is plausible if XRP maintains the breakout, holds above resistance, and sees continued institutional demand, but traders are watching for weekly closes above key levels and sustained high volume for confirmation.
