Key Takeaways:
- XRP broke out from a bullish weekly flag, positioning for a move toward $11 on technicals.
- Large whale accumulation supports upward momentum, while short-position dominance sets up possible squeezes.
- Key resistance near $5 remains a vital test; failure could invite retracement to $1.15–$1.90.
XRP is firing on all cylinders. After breaking out of a bullish weekly flag pattern, the token might be marching toward $11, a target drawn from Fibonacci extensions and triangle break width. On-chain whale activity and low supply suggest real strength—but bulls must still clear the hurdle at $5.
Technical Patterns Point Toward $11 Target
Analysts note XRP’s breakout from a long-term triangle and flag shape, indicating a potential climb to $11 based on classical breakout measurements.
Buyers retook control above $2.60, and with symmetrical triangles converging then exploding, the setup is textbook bullish.
Whale Moves Bolster Confidence
Blockchain trackers observed 20 million XRP transferred off exchange, while 29.38 million left spot platforms—classic signs of accumulation and reduced sell-side pressure.
Coupled with short positions outweighing longs, this dynamic suggests a short squeeze could propel prices higher.
Resistance and Risk – $5 and Below
The path to $11 isn’t clear of obstacles. $5 is a major resistance zone, reinforced by recent escrow releases totaling 1 billion XRP—worth around $3.3B—which rattled market sentiment briefly. Failure to hold above the breakout range could trigger retracements toward $1.90 or $1.15, the lower Fibonacci levels.
Still, the backdrop has improved. The SEC litigation in XRP’s favor and renewed institutional interest boost fundamental tailwinds alongside technical momentum.
Final Thoughts
XRP‘s breakout looks promising, combining chart structure with on-chain accumulation and scarcity. Still, traders must monitor resistance near $5. A daily close above that could unlock the path toward $11—while failure may expose old support levels. Patient execution will be key.
Frequently Asked Questions
What technical pattern supports $11?
A bullish flag and triangle breakout, with extension targets aligning with $11.
Why is whale activity important?
They are removing XRP from circulation and likely holding longer—reducing sell pressure.
Could XRP fall back?
Yes—especially if it fails to breach $5, potentially retracing to $1.90 or $1.15.
