XRP has recently completed a significant technical breakout that may lead to a substantial price increase. Analyst Ali explains the reasons behind this movement.
XRP's Technical Breakout
Crypto analyst Ali (@ali_charts) reported that XRP has broken out of a bullish flag on the weekly chart, signaling the start of a powerful upward move. The breakout followed months of price consolidation between $1.50 and $3.00.
Chart Analysis
In the chart shared by Ali, XRP’s price action forms a classic bullish flag, one of the most reliable continuation patterns in technical analysis. After a steep rally in late 2024, XRP's price entered a tightening range, creating lower highs and higher lows within a triangle. This setup often leads to strong breakouts in the direction of the original trend.
Market Impact
XRP’s breakout is occurring amid a broader market recovery. As investor confidence returns and major tokens start to rise, attention is shifting back to altcoins with strong narratives. Ripple is benefiting from regulatory clarity, growing partnerships, and renewed interest in payment-based blockchain solutions.
With a clean breakout from a multi-month consolidation pattern and increasing technical strength, XRP may be gearing up for one of its biggest moves in years.
