Cryptocurrency analyst Steph is Crypto suggests that XRP is poised for a massive breakout. In a recent X (formerly Twitter) analysis, Steph highlighted a clear bullish flag pattern forming on XRP's chart—a technical indicator historically linked to explosive price surges.
Bull Flag Pattern Within a Descending Wedge
Steph's analysis reveals a descending wedge structure embedded within a larger bull flag pattern that has been unfolding since late 2024. This configuration is widely regarded as a strong bullish continuation signal. Descending wedges typically indicate the end of a consolidation phase, preceding an upward breakout. Here, the wedge forms part of a flagpole, setting the stage for significant momentum if the breakout occurs.
Key Observations:
- The current structure closely mirrors the pattern preceding XRP's late-2024 rally.
- A repeat of this pattern could propel XRP to at least $10, based on classical technical analysis methods (measuring the initial flagpole length and projecting it upward from the breakout point).
At the time of writing, XRP trades at $2.22, showing resilience from its 2024 lows. Steph’s charts suggest a potential 350%+ surge if bullish momentum fully materializes.
Macroeconomic Factors Strengthening the Case
Beyond technicals, macroeconomic developments add weight to XRP’s bullish outlook:
- Regulatory clarity: Ripple’s ongoing resolution with the SEC has restored confidence.
- Institutional demand: Growing interest, particularly with XRP’s inclusion in Grayscale’s Digital Large Cap ETF, provides U.S. investors regulated exposure.
- Asian adoption: Japan’s deepening integration of XRP into financial infrastructure underscores long-term utility.
FAQs
Q: What is a bull flag pattern?
A: A bull flag is a continuation pattern where price consolidates slightly downward after a sharp rise ("flagpole"), often preceding another upward surge.
Q: Why is $10 a realistic target for XRP?
A: The $10 projection derives from the flagpole’s height applied post-breakout, a common technical analysis technique. Historical precedents (like late 2024) support this outlook.
Q: How does macroeconomic sentiment affect XRP?
A: Regulatory progress and institutional adoption reduce systemic risks, creating a favorable environment for price appreciation.
Final Thoughts
All signs point to XRP preparing for a breakout toward new multi-year highs. If Steph’s analysis holds, the bull flag formed since late 2024 could soon catapult XRP past $10**. With current prices at **$2.22 and volatility contracting, a confirmed breakout may trigger a rapid, dramatic ascent—marking the start of XRP’s next major rally.
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Source: Timestabloid, Zaccheaus Ogunjobi | July 3, 2025
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