Analyst’s $23 EOY Target Swims Into View

The XRP price is flashing a bull flag pattern on its weekly chart, hinting at an explosive breakout ahead. A crypto analyst has highlighted $3.6 as the key resistance in this formation, noting that if XRP can clear this level, the path toward an ambitious End of the Year (EOY) target of $23 is expected to come into view, with short-term milestones anticipated along the way.

XRP Price Bull Flag Signals Explosive Potential

Crypto market expert Stedas has drawn attention to XRP’s weekly chart, highlighting the formation of a classic bull flag pattern, one of the strongest continuation signals in technical analysis. His XRP price analysis, shared in a post on X social media, shows that the cryptocurrency’s recent sideways movement and consolidation phase are forming the “flag” of the pattern after a sharp rally that created the “flagpole.” This structure typically suggests that a new explosive leg upward could soon unfold once resistance is cleared.

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According to Stedas, the critical level to watch is the $3.6 mark. A decisive break above this resistance could ignite XRP’s next rally phase, potentially unlocking price levels far beyond its current range and former all-time highs. The analyst has identified $6, $13, and even $23 as potential end-of-the-year targets. While these levels may seem ambitious, they align with the behaviours of bull flag patterns, which have historically driven powerful and sustained rallies following periods of consolidation.

Source: Chart from Stedas on X

Notably, XRP’s momentum picked up after it reclaimed the $3 range earlier this month with strong buying pressure. However the price has since slipped to $2.97 following a 3.5% pullback in the past 24 hours. Despite the dip, Stedas’s bull flag framework suggests that XRP is shifting out of its stagnant zone and is now primed for acceleration.

If market sentiment aligns with the technicals, the cryptocurrency could be looking at its most significant rally in years. The next few weeks may also prove decisive, as the market awaits confirmation of whether the analyst’s current setup can deliver on its bullish outlook.

XRP Retests Fib Zone With $4.6 Target In Play

Crypto analyst, Rose Premium Signals, has also shed light on XRP’s structure, focusing on its mid-term outlook. The analysis suggests that XRP has completed a bullish retest, strengthening the case for upside continuation. According to him, XRP has just bounced off the 0.5 – 0.618 Fibonacci retracement zone, a range that often serves as a textbook support level before continuation moves.