Key Insights:
- XRP price breakout from a symmetrical triangle signals potential for a surge to $11 range.
- The 0.5 Fibonacci retracement at $1.50 serves as crucial support, reinforcing a potential continued uptrend for XRP.
- Analysts project XRP Wave 5 target range between $5 and $7, with a breakout above $3.40 validating the bullish outlook.
XRP price showed strong technical signals suggesting a significant upward move following its breakout from a bullish flag pattern. After a sharp rally, the crypto entered a consolidation phase, forming a symmetrical triangle that often precedes major price movements.
With key support levels holding firm, XRP price is now positioning itself for a potential rally towards $11. This article examines the technical factors behind this potential surge and explores what investors should watch for in the coming weeks.
Key Breakout Signals for XRP Price
Following the recent consolidation phase, XRP price breakout from a symmetrical triangle pattern has positioned the crypto for a potential uptrend. Building on the earlier observation of the bullish flag formation, the breakout above this pattern is a strong indicator of upward momentum.
XRP price is preparing for a surge, with some analysts predicting a move towards the $11 range, driven by the continuation of its previous bullish trend. This technical pattern signals the end of a consolidation phase, with XRP now set to test higher price levels.
$XRP targets $11 after breaking out of a bullish flag on the weekly chart! pic.twitter.com/OEyXO5jf5b
— Ali (@ali_charts) August 10, 2025
The price is situated between key Fibonacci retracement levels, specifically the 0.382 and 0.5 zones, which often act as important pivot points for future price movements. A breakout above these levels would confirm the bullish trend, setting XRP price up for a substantial increase.
XRP Fibonacci Levels and Support Zones
Furthermore, as discussed earlier, the key Fibonacci retracement levels play a crucial role in XRP’s technical setup. XRP price action bounced off a critical support level around $1.50, which aligns with the 0.5 Fibonacci retracement.
This level has historically been an important zone of support, reinforcing the likelihood of a continued uptrend. If XRP price maintains its position above this support, it would provide additional confidence to traders looking for further price appreciation.
Volume indicators will also be essential in confirming the breakout’s sustainability. If XRP can hold above the $2.50 support mark, the bullish outlook will likely remain intact. XRP price trajectory indicated that if the current levels hold, a test of the $5+ range could be within reach in the near future.
XRP Price Prediction: Elliott Wave Analysis and Key Resistance Targets
Additionally, XRP price has recently shown bullish movement, supported by an upward breakout from a symmetrical triangle pattern. According to Elliott Wave theory, the ongoing rally could be part of a larger wave structure, with the price heading towards key resistance levels.
$XRP: After a break above $3.40, I am going to watch the $5+ range as first key decision zone. pic.twitter.com/GCQOgcNvKb
— More Crypto Online (@Morecryptoonl) August 10, 2025
As the price approaches the critical zone marked by wave (v), a major test of $4.00, the upper end of the wave progression, may occur.
Elliott Wave theory suggested that the current price action is indicative of the final leg of a larger impulsive move, with the market potentially moving toward wave (v) completion. The Fibonacci retracement levels shown in the chart highlight key price targets, with $29.62 and $96.02 as key levels for potential resistance.
This range corresponds to the 100% extension of the current move, aligning with the final rally of Wave 5. Breaking through the $3.40 resistance level could confirm this bullish scenario and bring XRP price closer to the $5+ range.
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