XRP News Today: XRP Eyes $11 Price Target After Weekly Bull Flag Breakout

XRP has drawn renewed attention from traders and analysts following a bullish breakout on the weekly chart, with several reports highlighting a potential price target of $11. Crypto chartist Ali Martinez identified a bull-flag pattern on the weekly timeframe and suggested that XRP could target $11 based on the measured move of the pattern [1]. The breakout has triggered increased discussions in trader communities and social media, where the technical setup is being analyzed for signs of momentum and volume support [2].

The pattern, identified on August 6, 2025, shows a sharp flagpole followed by a tightening pennant, a classic structure in technical analysis. Using Fibonacci extensions and the height of the flag, several analysts have projected price targets in the $8–$15 range, with $11 considered a conservative scenario [3]. The price has already surged past key levels, including a breakout above the $2.25 resistance, reaching as high as $3.23 in the process [4]. On-chain metrics and volume patterns have supported the bullish case, with traders noting increased buying pressure and reduced regulatory uncertainty as key drivers of the recent rally.

The broader market environment also appears favorable for altcoins like XRP. Recent developments, including the resolution of the long-standing SEC litigation with Ripple, have removed a major legal overhang [1]. At the same time, new investment products such as leveraged XRP ETFs launched by ProShares in July have provided additional liquidity and institutional on-ramps for XRP exposure [2]. These factors have contributed to a shift in market structure, with XRP benefiting from both technical and fundamental tailwinds.

Despite the bullish technical setup, analysts and market participants are emphasizing caution. Breakouts from bull flags can often fail, especially if volume does not confirm the move or if key resistance levels like $3.60 prevent further upside [5]. Traders are closely watching whether XRP can sustain a close above the breakout zone and generate consistent follow-through volume. A failure to hold key support levels could lead to a pullback toward $2.05–$2.20 before another attempt higher [5].

According to the analyst’s forecast, XRP could reach as high as $11 if the bull-flag pattern continues to hold and on-chain data remains favorable [7]. However, actual performance will depend on broader market dynamics, including regulatory developments and macroeconomic conditions. The coming weeks will be crucial in determining whether XRP can maintain its upward momentum or face a corrective phase.

The increased focus on XRP’s chart patterns highlights the role of technical analysis in guiding short-term trading decisions. With multiple reports converging on a $11 price target, traders are advised to remain cautious while also capitalizing on the emerging bullish trend. The market will be looking for confirmation through higher highs, sustained volume, and continued institutional participation.

[1] https://blockchainreporter.net/xrp-eyes-11-after-weekly-bull-flag-breakout-analyst-says/

[2] https://www.btcc.com/en-US/square/Blockchainreporter/779520

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

[4] https://coinedition.com/xrp-breaks-out-of-bullish-flag-pattern-eyes-11-price-target/

[5] https://www.bitget.com/news/detail/12560604904680

[6] https://blockchainreporter.net/ethereum-net-capital-change-surpasses-bitcoin-signalling-altcoin-season/

[7] https://moneycheck.com/xrp-price-targets-11-as-this-breakout-signals-bullish-momentum/