XRP Price Forms Bull Flag On The Weekly Chart: 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 ￰0￱ 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 ￰1￱ 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 ￰2￱ Reading: XRP Price Gets Tighter: Here’s The Level Keeping It From Price Discovery 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 ￰3￱ analyst has identified $6, $13, and even $23 as potential end-of-the-year ￰4￱ 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. Notably, XRP’s momentum picked up after it reclaimed the $3 range earlier this month with strong buying ￰5￱ the price has since slipped to $2.97 following a 3.5% pullback in the past 24 ￰6￱ the dip, Stedas’s bull flag framework suggests that XRP is shifting out of its stagnant zone and is now primed for ￰7￱ market sentiment aligns with the technicals, the cryptocurrency could be looking at its most significant rally in ￰8￱ next few weeks may also prove decisive, as the market awaits confirmation of whether the analyst’s current setup can deliver on its bullish ￰9￱ 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 ￰10￱ analysis suggests that XRP has completed a bullish retest, strengthening the case for upside ￰11￱ 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 ￰12￱ Reading: XRP Price Confirms Descending Trendline Breakout, Here Are The Targets Rose Premium Signals has highlighted an entry zone between $2.85 and $3.05, which XRP has already tested and respected with notable ￰13￱ analyst argues that this confirmation marks a valid long setup backed by clear technical structure, Fibonacci alignment, and broader market ￰14￱ this zone, the chart projects a climb toward $4.67, which serves as the first official target in this mid-breakout ￰15￱ image from Adobe Stock, chart from ￰16￱