XRP News Today: XRP Breaks Out of Triangle Pattern Eyes $11 Target Amid Legal Clarity and Market Optimism

Generated by AI AgentCoin World
Monday, Aug 11, 2025 4:06 am ET1min read
XRP
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Aime RobotAime Summary

- XRP broke out of a symmetrical triangle pattern on July 2025, with analysts like Ali Martinez projecting a potential $11 target via Fibonacci extensions.

- A key $5 resistance level could trigger further gains to $11 if buyers maintain control above $2.60, but a retest risks a decline to $1.15.

- Ripple's recent unlocking of $3.28 billion in XRP raised market uncertainty, though legal clarity with the SEC has boosted institutional interest in a U.S. XRP ETF.

- XRP currently trades at $3.27, aiming to reclaim $4 resistance after a 10% weekly rise, with immediate support at $3 and next resistance at $3.50.

XRP has shown signs of a potential upward move toward $11 following a breakout from a bullish flag pattern on the weekly chart. This development has been highlighted by prominent cryptocurrency analyst Ali Martinez, who noted in an X post on August 10 that the token has spent several months consolidating within a symmetrical triangle [1].

The consolidation pattern, which saw rising support and falling resistance lines converge, culminated in a breakout above the upper trendline in July 2025. Since then,

XRP
has maintained a price level above $2.60, indicating that buyers have absorbed selling pressure and are currently in control [1]. The next key resistance level is positioned near $5, aligning with the 1.272 Fibonacci extension. A clear break above this level could potentially push XRP toward the 1.618 extension and ultimately reach the $11 target [1].

However, the analyst emphasized that the bullish scenario is conditional on XRP holding above its breakout zone. A retest of the triangle could suggest a false breakout, potentially leading to a decline in price to Fibonacci retracement levels near $1.90 or even $1.15 [1].

On August 9, uncertainty emerged in the XRP community when

Ripple
unlocked a significant amount of tokens—500 million, 100 million, and 400 million XRP in three separate transactions. These movements, totaling approximately $3.28 billion, were reported by blockchain tracker Whale Alert. While some interpreted the transfers as routine, others raised concerns about potential selling pressure amid a still-recovering market [1].

The recent bullish momentum in XRP was also supported by the resolution of the ongoing legal case between Ripple and the U.S. Securities and Exchange Commission (SEC). This resolution has triggered a wave of capital inflows and pushed XRP to a new resistance level at $4. Analysts have suggested that the legal clarity could pave the way for institutional investment, particularly through the potential launch of a U.S. spot XRP exchange-traded fund (ETF). Global interest in such a product has reportedly surged by over 730% in the past month [1].

At the time of reporting, XRP was trading at $3.27, with a 0.8% increase over the previous 24 hours and nearly a 10% rise in the past week. The token is currently attempting to hold the $3 support level, with a realistic path to reclaiming the $4 resistance level. The immediate next barrier lies at $3.50 [1].

Source: [1] XRP set for $11 target after breaking out of this pattern (https://finbold.com/xrp-set-for-11-target-after-breaking-out-of-this-pattern/)