XRP News Today: XRP Gains 3.33% Weekly, Bull Flag Pattern Suggests Potential Double-Digit Surge

XRP's weekly structure has been notably compressed, as illustrated in a chart published by independent analyst Maelius. The chart, which uses data from the BITSTAMP feed, applies a 50-period exponential moving average (EMA) currently tracking at approximately $1.78. The price of XRP is positioned above the dynamic support zone at $2.25, having gained 3.33% in the current weekly candle. Over the past four months, the token has formed what Maelius describes as a "giga bull flag," characterized by progressively lower weekly highs stopping just below the $3.40 line and higher swing-lows bottoming near $1.61. This creates a converging wedge where the lower edge and the rising EMA50 now coincide.

Maelius overlays the 2017 XRP advance, scaled to the current log axis, to highlight the significance of this pattern. In the previous cycle, XRP experienced a vertical eruption once the flag was resolved, surging from sub-dollar prices to a peak above $3.00 in a matter of weeks. The black schematic on the right-hand margin recreates this move and projects it forward, suggesting that once consolidation ends, the fractal implies a breakout first through the $4 shelf and ultimately into double-digit territory. The label "XRP 2017" is pinned to the $19 mark, where the composite trace tops out on this overlay.

Momentum data beneath the chart reinforce this comparison. The weekly Relative Strength Index (RSI) printed two pronounced peaks during the 2017 run, separated by a flat plateau. Maelius has marked these crests "1" and "2" on both the historical section and the current range. The first modern-cycle surge sent RSI briefly into the high-80s earlier this year and has since cooled back toward the mid-40s, a zone the analyst shades "FLAT." An arrow then extends toward the mid-90s, signaling that Maelius expects at least one more momentum pulse before the structure is exhausted.

From a purely technical perspective, the most immediate levels to watch are the upper flag boundary near $2.50 and the EMA-anchored support around $1.80. A weekly close above the former would complete the flag and open the way to the $4.40 and $6.00 horizontals visible on the price scale. Conversely, a decisive break below $1.80 would invalidate the pattern and leave the market leaning on the $1.30 cluster where the EMA turned higher last year. The analyst frames his outlook in risk-aware terms, noting that even the "worst-case" scenario he sketches still includes one final impulse wave. "Worst case is there is only 1 impulse left. Bearish, right?!" he writes.

Traders will be looking for confirmation from volume and broader market sentiment before treating the fractal as more than an instructive historical rhyme. However, the chart makes clear that a single weekly candle settling above the $2.50 handle could be all it takes to remind participants of how quickly XRP has moved in the past. At press time, XRP traded at $2.23.