Usman Salis
XRP (Ripple) just broke out of a long-term bullish flag, and crypto analyst Ali thinks it could rocket to $15. The token is trading around $3.55 after jumping 23.58% this week and sits just 7.29% below its 2018 all-time high.
XRP Price Breaks Key Technical Pattern
Popular crypto analyst Ali dropped some serious insights on X recently, showing that XRP finally smashed through a bullish flag pattern it's been stuck in for months. The breakout happened after XRP pushed past $3.50, which was a pretty big deal since that level had been giving it trouble.
Ali's weekly chart shows XRP breaking free from a tightening triangle after weeks of going sideways. All that consolidation wasn't for nothing though - it looks like it was actually building up steam for this move. The token kept bouncing between support and resistance, but now it's clear that was just an accumulation zone where smart money was loading up.
This kind of breakout usually means the party's just getting started. When you see a bullish flag like this, it typically signals that the previous uptrend is about to continue with even more force.
XRP Price Eyes $15 Target Despite Minor Pullback
Even though XRP dipped 1.59% yesterday, it's holding pretty steady around $3.55. That's actually a good sign - when a token can stay strong after such a massive rally, it usually means there's still plenty of buying interest.
Now, Ali's $15 target sounds wild - that's over 300% from here. Some people are pumped about it, while others think it's way too optimistic for this cycle. But let's be real, XRP has done crazy moves before. Remember 2017-2018?
According to CoinMarketCap, XRP is super close to breaking its old high of $3.84 - just 7.29% away. Once it clears that level, things could get really interesting. Breaking all-time highs tends to grab headlines and bring in fresh buyers who've been waiting on the sidelines.
XRP Price Rally Gets Boost from ETF Hopes
The technical stuff is just part of the story. There's real buzz building around a potential XRP ETF getting approved by the SEC. If that happens, we could see serious institutional money flowing in, which would be huge for the price.
Lots of traders are already eyeing $5 as the next major milestone. That seems way more realistic than $15 in the short term, but hey, crypto markets can surprise you. The combination of solid technicals and these fundamental catalysts definitely makes XRP worth watching.
The 23.58% weekly pump shows this thing can really move when it wants to. Sure, crypto is volatile and pullbacks happen, but the overall setup looks pretty bullish. For anyone holding XRP, these next few weeks could be really exciting.
Usman Salis
