Usman Salis
XRP holders might want to pay attention right now. The crypto is painting a picture that looks eerily similar to its explosive November run, and if the pattern repeats, we could be looking at some serious gains ahead.
XRP Bull Flag Formation Mirrors November Breakout
XRP is currently trading around $3.03, sitting comfortably above the crucial $3.00-$2.85 support zone. What's got traders excited is the textbook bull flag pattern that's been forming—and it looks almost identical to the setup we saw back in November 2024.XRP
According to analyst @DefendDark, XRP's current structure is a near-perfect repeat of that November pattern when the coin exploded from $1.13 all the way to $2.40. That's the kind of move that gets crypto traders' hearts racing, and the technical setup suggests we might be gearing up for round two.
The beauty of this formation is its simplicity: XRP consolidated after a strong move up, created this bull flag, and now appears ready to break higher. If buyers can push through the $3.35 resistance level, the next targets come into view at $4.39 and ultimately $5.85.
XRP Price Targets: $5.85 in the Crosshairs
Here's where things get really interesting. That $5.85 target isn't just wishful thinking—it's based on Fibonacci projections and represents one of the strongest technical setups XRP has shown in months. We're talking about potentially doubling from current levels.
Of course, nothing's guaranteed in crypto. If XRP slips below that $2.85 support, the whole bull flag scenario could get delayed. But right now, momentum indicators are flashing green, and buyers seem firmly in control.
The bigger picture here is that XRP is positioning itself as a key player for the next major crypto rally. With regulatory clarity improving and technical patterns aligning, this could be the breakout XRP holders have been waiting for.
Usman Salis
