XRP News Today: XRP Breaks Out of Triangle Pattern Eyes $11.20 Target on Strong Technicals

Generated by AI AgentCoin World
Monday, Aug 11, 2025 1:53 am ET1min read
Aime RobotAime Summary

- XRP broke a long-term triangle pattern, surging above $3.22 with analysts forecasting a potential rise to $11 if key resistance holds.

- A sustained move above $3.40 resistance could trigger a rally to $5.75-$11.20, validated by Fibonacci extensions and bullish technical indicators.

- Whale accumulation of 50M tokens and $2.25 support strength reinforce confidence, though a breakdown risks retesting $1.63-$1.29 levels.

- Strong volume above $3.40 would confirm bullish momentum, while broader crypto market gains support XRP's upward trajectory.

XRP has broken out from a long-term triangle pattern, surging above $3.22 after hitting a high of $3.38 in early August 2025. This breakout has drawn attention from analysts, who now see the potential for a climb toward $11 if key resistance levels are maintained [1]. The price has since consolidated in the $3.22 range, with technical indicators suggesting a bullish continuation [2].

Analysts have identified $3.40 as the first major resistance level. A sustained move above this threshold could trigger a rally toward $5.75, with further potential for a rise to $11.20 based on Fibonacci extensions [3]. The $3.40 level aligns with the 1.0 extension of the previous rally, making it a critical point for confirming the strength of the breakout. A successful breach would not only validate the pattern but also shift the focus to higher price targets [4].

Support at $2.25 remains a key area to watch. While

XRP
has already moved well above this level, a breakdown could trigger a retest of lower support zones, including $1.63 and $1.29 [5]. The ability to hold above $3.20 in the coming days will be essential in determining whether the current consolidation leads to a sustained rally or a temporary correction [6].

On-chain activity also signals growing confidence in XRP’s near-term prospects. Whale accumulation of 50 million tokens has been observed, reinforcing the view that large investors are positioning for a potential move toward $15. However, $11 remains the more immediate and widely cited target among analysts [7].

The broader cryptocurrency market has been supportive, with

Bitcoin
and other major assets reaching multi-week highs. This positive sentiment could help XRP maintain its upward momentum in the coming weeks [8].

Market participants are closely monitoring volume and price action to gauge the sustainability of the breakout. A strong push above $3.40 with robust volume would signal continued bullish momentum, while a failure to hold current levels could lead to a deeper pullback [9].

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Source:

[1] https://www.ainvest.com/news/xrp-news-today-xrp-breaks-flag-pattern-whale-accumulation-spur-15-price-target-2508/

[2] https://www.thecoinrepublic.com/2025/08/10/xrp-price-is-11-next-stop-as-it-breaks-out-of-bullish-flag-pattern/

[3] https://www.ainvest.com/news/xrp-news-today-xrp-surges-2-25-resistance-bullish-technical-breakout-2508/

[4] https://blockchainreporter.net/dormant-bitcoin-whale-withdraws-32m-in-btc-from-binance-amid-market-rally/

[5] https://www.facebook.com/photo.php?fbid=74137****442182&id=100087096529570&set=a.130****63246274

[6] https://en.coinotag.com/xrp-breakout-suggests-potential-for-climb-toward-11-if-key-levels-hold/

[8] https://www.binance.com/en/square/post/28133****17401