XRP Forms Bullish Flag; Analyst Sets Breakout Price Target at $23.72
- Price Structure Analysis: XRP experienced significant volatility in 2025, but analyst ChartNerd identified a bullish flag formation suggesting a potential target price of $23.72, indicating strong market confidence and the likelihood of future gains.
- Support and Resistance Levels: Currently, XRP's support level is at $1.80, which has held firm after multiple tests, while the resistance level is near its all-time high of $3.65; breaking this level would confirm a breakout and further boost market sentiment.
- Market Momentum Recovery: In the final weeks of 2025, XRP hovered around the support level, and recent rebounds indicate the asset is building momentum; if this upward movement continues, it could help retest and break through the top resistance of the bullish flag.
- Technical Pattern Validity: The formation of this bullish flag suggests strong buyer defense at the support level, with sellers failing to push prices lower, enhancing market confidence in XRP's future performance and potentially triggering a larger buying wave.
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Technical Analysis for XRP
Technical Sentiment Analysis for XRP (XRP) As of , XRP (XRP) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for XRP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, XRP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
XRP (XRP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.518 | 0.818 | 1.155 | 1.455 | 1.793 | 2.093 | 2.43 |
| Fibonacci | 0.818 | 1.061 | 1.212 | 1.455 | 1.699 | 1.849 | 2.093 |
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