- XRP has broken out of a bullish flag pattern on the weekly chart.
- Analyst Ali Martinez’s projections point to targets as high as $11.
- On-chain data like the bullish MVRV signal supports continued upward momentum.
XRP has surged above a key technical pattern on the weekly chart, with analyst Ali Martinez identifying a bullish flag breakout that could pave the way for a significant rally. The formation, which took shape between late 2024 and mid-2025, followed an earlier price surge and represents a consolidation phase before the next leg upward.
The breakout occurred near the $2.25–$2.30 range, just above the 0.786 Fibonacci retracement level. Following the move, XRP climbed toward $3.40 before entering a short consolidation. At the time of writing, the cryptocurrency is trading at around $3.23, holding above the breakout zone and maintaining its bullish structure.
XRP Fibonacci Extensions Point to Double-Digit Target
Using Fibonacci extension levels, Martinez projects two key upside targets: $5.75 at the 1.272 level and $11.20 at the 1.618 level. The latter serves as the long-term objective if bullish momentum persists.
The breakout pattern, combined with the current uptrend, suggests XRP could be poised for one of its largest rallies in years as both prices would take XRP price beyond its all-time high. Essentially, if the breakout sustains and buying pressure continues, XRP could challenge double-digit prices for the first time in its history.
Supporting On-chain Data
Notably, this technical pattern pointing to an $11 price target for XRP is also supported by other on-chain data. In an earlier post, Martinez noted that XRP’s MVRV ratio has flashed a historically bullish signal. He observed that previous “golden crosses,” when the MVRV rises above its 200-day moving average, preceded 630% and 54% rallies.
The MVRV ratio, which measures holder profitability, suggests renewed bullish momentum. This latest signal marks the third such occurrence in recent history, fueling hopes for another major move.
Related: XRP Flashes Rare Bullish MVRV Signal Seen Before 630% and 54% Rallies
From XRP’s current price, a repeat of the 54% rally would push it to $5.10. A 630% surge would send it to $24, raising its market cap to $1.44 trillion, rivaling major corporations like Tesla.
Adding to the bullish outlook is the resolution of the long-running SEC lawsuit, further boosting investor confidence that XRP could reach new highs for the first time in nearly eight years.
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