XRP News Today: XRP Surges Past $3.50 on Flag Pattern Breakout, Eyes $15 Target

XRP has broken above a critical resistance level, surging past $3.50 and completing a bullish flag pattern that emerged since late 2024. This breakout, validated by increased weekly trading volume and a strong candlestick close, positions the cryptocurrency for a potential rally toward $15, a level not seen since its 2017 peak [1]. Technical analysts, including Ali Martinez, highlight that the flagpole measurement—a key tool in pattern analysis—projects this long-term target, contingent on XRP maintaining support near $3.40 and overcoming resistance at $3.66 [2]. The move has reignited investor optimism, with COINOTAG observers noting structural parallels between the current rally and XRP’s 2017 trajectory [3].

Key resistance levels at $3.66, $4.65, and $6.26 now serve as pivotal benchmarks for traders. A decisive close above $3.65 is critical to confirm the breakout, with subsequent targets aligned with Fibonacci extensions and Elliott Wave projections. EGRAG CRYPTO’s analysis underscores a five-wave structure, suggesting potential market capitalization milestones of $308 billion (price: $5.37), $488 billion ($6.26), or $946 billion ($23.64) if XRP sustains its upward momentum [1]. However, analysts caution that a decline below $3.40 could trigger a retest of the $3.20–$3.25 support zone, temporarily halting the rally [2]. The Relative Strength Index (RSI) remains below overbought levels, indicating room for further gains without immediate correction [3].

Volume analysis reinforces the credibility of XRP’s breakout. Sustained buying pressure and rising weekly volume signal active participation from institutional and retail investors, a dynamic that analysts argue strengthens the likelihood of a genuine trend continuation [2]. CasiTrades emphasizes that consolidation between $3.40 and $3.60 has transformed former resistance into support, creating a stable foundation for upward movement [3]. Short-term traders are advised to monitor the $3.84 resistance level, with $6.00 in sight if XRP maintains its current trajectory [4].

The broader market context adds to the optimism. Recent developments, including the approval of the first XRP futures ETF and advancing U.S. crypto legislation, have bolstered institutional confidence [6]. Coupled with ongoing resolution of SEC litigation, these factors position XRP as a potential catalyst for reshaping the crypto landscape. While the $15 target remains speculative, the alignment of Fibonacci extensions, Elliott Wave patterns, and historical price action suggests a high probability of XRP entering a new phase of appreciation [1].

Traders are urged to remain vigilant about volume trends and resistance breakouts to capitalize on the momentum. If XRP sustains its gains above $3.65, the cryptocurrency could achieve market capitalization milestones previously unattained, solidifying its role in institutional portfolios [2].

Sources:

[1] [EGRAG CRYPTO Analysis](https://coinmarketcap.com/community/articles/6880d6ed14fe18315b4fb26d/)

[2] [Ali Martinez’s Flag Pattern Breakout](https://coinmarketcap.com/community/articles/6880d6ed14fe18315b4fb26d/)

[3] [CasiTrades’ Consolidation and RSI Analysis](https://coinmarketcap.com/community/articles/6880d6ed14fe18315b4fb26d/)

[4] [XRP Strategic Breakout](https://www.ainvest.com/news/xrp-strategic-breakout-time-buy-6-2507/)

[6] [Breaking Eight-Year Highs](https://coincentral.com/xrp-xrp-price-breaking-eight-year-highs-as-wall-street-eyes-6-target/)