XRP recently broke through a prolonged period of consolidation, forming a bullish flag. Analyst EGRAG Crypto highlights key price levels for future growth.
XRP Breaks Out After Prolonged Consolidation
XRP recently broke out of its tight consolidation zone between $2.20 and $2.50, a range it had been confined to since March 2025. The rally, fueled by broader crypto market strength, propelled XRP to a high of $3.60 earlier this month, its highest price since early 2018.
Bull Flag Formation Echoes Past Market Cycles
EGRAG's analysis indicates a bull flag following a dramatic 580% rally between November 2024 and January 2025. This structure mirrors the pattern observed during XRP's historic 2017-2018 bull run, where the price surged over 7,000%."Now, it's clear the breakout to the upside is happening!" - the analyst stated.
Fibonacci Levels Point to Ambitious Upside Targets
EGRAG identifies key upside targets based on Fibonacci levels. The first target is set at $6.50, aligning with the 1.618 level, while a more ambitious target of $20 reflects the 1.888 extension. The final level, thought to be the top of the current cycle, is projected at $35 based on the Fib 2.0 extension.
XRP's breakout from its multi-month range, alongside the bullish flag structure and clear Fibonacci targets, sets the stage for a potentially aggressive rally since 2018. While short-term resistance poses a challenge, analysts believe the token is well-positioned for upward movement.
