A recent analysis by crypto market commentator EGRAG Crypto highlights the formation of a bullish pattern on XRP’s weekly chart, indicating the possibility of a strong upward move. The analyst points to a technical structure commonly referred to as a “ bull flag ,” which he believes could lead to a significant increase in price if confirmed. Bull Flag Identified in Weekly Price Movement In a recent update , EGRAG first identified the bullish pattern, noting that such setups typically present a 67% to 70% probability of upward continuation. According to his interpretation, the “flagpole” portion of the pattern formed between November 2024 and January 2025, during which XRP saw a sharp increase in value from around $0.50 to a peak of $3.30. #XRP – Bull Flag ( Double Digits) Is there a part you're having trouble understanding? Let me know, and I’ll clarify! #XRPFamily STAY STEADY AND STRONG, Together We Rise pic.twitter.com/fsrbwL9vyq — EGRAG CRYPTO (@egragcrypto) May 26, 2025 Following this surge, the cryptocurrency entered a consolidation phase, where its price began to fluctuate in a narrow band, primarily within the lower $2 range. This period of reduced volatility and sideways trading, which has lasted roughly four months, is what EGRAG describes as the “flag” component of the formation. The analyst views this phase as a typical cooldown that often precedes another leg higher. Updated Chart Analysis and Price Forecasts In a follow-up shared two days later, EGRAG presented a revised version of the flag pattern to better align with recent market data. This adjustment allowed for more precise projections using a “measured move” technique. To calculate price targets, he utilized both logarithmic and linear charts, emphasizing that logarithmic scaling is often more suitable for evaluating crypto assets due to their high volatility. Based on these methods, EGRAG outlined three potential outcomes. The logarithmic projection suggested a target near $18, representing a gain of roughly 729% from XRP’s current price of $2.17. The linear approach yielded a lower target of $5.50, or about a 153.5% increase. Averaging the two methods resulted in an estimated midpoint of $11.75, which would reflect a 441.47% gain. To account for market uncertainty, EGRAG also applied a 15% to 20% adjustment range to each figure. With this margin, the logarithmic target extended as high as $21.60, while the average price estimate ranged between $13.51 and $14.10. The linear projection’s upper limit reached $6.60. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Broader Market Sentiment Aligns with Bullish Outlook EGRAG’s outlook aligns with projections from other analysts and industry figures. In March, crypto entrepreneur Edoardo Farina expressed confidence that XRP could eventually reach $20 or higher. Likewise, crypto personality Davinci Jeremie also indicated that the asset has the potential to exceed $20 within the year. In April, another analyst known as Papa suggested that XRP could hit $14 based on a bullish Fibonacci extension model. Similarly, market watcher JD pointed to $14 as a likely minimum target in the event of a confirmed breakout from current levels. As of report time, XRP trades at $2.17. Despite the short-term movement, technical analysts and crypto enthusiasts remain focused on whether the bull flag structure will result in the anticipated price breakout. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post XRP Breakout Price Target If the Weekly Bull Flag Happens appeared first on Times Tabloid .
