XRP News Today: XRP Forms Rare Double Bull Flag Signal Potential $5 Price Target

XRP has recently exhibited a rare and powerful technical formation known as a double bull flag, a pattern historically associated with significant price continuation following periods of consolidation. This development has attracted attention from both retail and institutional traders, who are closely watching the token’s movement toward key resistance levels. The pattern first confirmed when XRP broke out of an extended corrective channel, followed by a more compact consolidation phase that mirrors another bull flag. Analyst Steph Is Crypto highlighted the pattern on X, emphasizing the continuation-oriented nature of the price action rather than the start of a new bullish trend [1].

On the weekly chart, XRP’s price action has shown a clear structure: the initial bull flag formed after a prolonged consolidation period, with a decisive weekly close above the upper boundary of the channel. A smaller bull flag then developed shortly after XRP hit a new all-time high of $3.65 in July, characterized by a slight downward angle but maintaining higher lows relative to the breakout level [1]. The immediate technical support for XRP appears near the $2.4 area, while short-term resistance is defined by the upper trendline of the smaller flag and recent swing highs around $3.4 [1].

If the pattern unfolds as a textbook continuation, a measured move projection derived from the flagpole suggests substantial upside potential. Using the flag-measure technique, analysts estimate that XRP could potentially reach above $5. However, this projection remains conditional and depends on a weekly close above the consolidation range with follow-through volume on higher timeframes. Traders are advised to monitor the $2.4 support and the small flag’s lower trendline closely, as a decisive weekly break below these levels would signal a shift in sentiment and raise concerns for risk management [1].

The broader market environment also plays a role in XRP’s trajectory. The recent resolution of Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC) has introduced a positive sentiment shift, potentially amplifying the bullish case. However, the outcome of the double bull flag pattern remains dependent on continued confirmation and disciplined risk management [1].

Technical analysts have identified key support levels at $2.90 (Fib 0.786), $2.71 (Fib 0.702), and $2.55 (Fib 0.618), all of which appear to be holding firm. XRP has already reclaimed the "Bull Gate" zone around $2.34, a psychological barrier that many view as a critical threshold for bullish continuation [2]. The RSI currently stands at 42, suggesting that the token still has room to rise before entering overbought territory [2].

Analysts have identified $5.38 (1.618 Fibonacci extension level) as the first major resistance target, with the more ambitious $10 level also in sight. While XRP may retest the $2.90 support in the short term, the overall setup supports a strong bias toward higher prices. A breakout from the second bull flag could signal the beginning of XRP’s next major rally [2].

The double bull flag pattern is relatively rare and is often seen as a precursor to strong price moves. Traders are advised to remain cautious and monitor the key support and resistance levels, as these will play a crucial role in determining the direction of the trend. Institutional interest in XRP has also increased, further reinforcing the bullish narrative [5].

Some analysts have forecast that the token could reach $10 if the pattern plays out as expected, although these are projections and not confirmed outcomes. The price immunity XRP has shown in recent weeks appears to be linked to broader market dynamics and investor behavior, which continue to support the token’s upward trajectory [6].

Despite the positive technical signals, it is important to note that the cryptocurrency market remains highly volatile. No technical formation can guarantee future price action. Investors should approach with due diligence and consider a variety of factors beyond chart patterns when making trading decisions [6].

Sources:

[1] XRP's Double Bull Flags Emerge. Here's the Significance (https://timestabloid.com/xrps-double-bull-flags-emerge-heres-the-significance/)

[2] XRP News Prediction Breakout Alert: Double Bull Flags (https://thetradable.com/crypto/xrp-news-prediction-breakout-alert-double-bull-flags-point-to-10-target-0--a)

[5] XRP Price Prediction 2025-2040: Comprehensive Forecast (https://www.btcc.com/en-CA/square/XRP%20News/861452)

[6] Ripple Wins, Powell Speaks—But XRP Price Still Doesn't (https://www.fastbull.com/news-detail/ripple-wins-powell-speaksbut-xrp-price-still-doesnt-news_6300_0_2025_3_8320_3)