XRP has decisively broken above the $3.50 resistance level, completing a bullish flag pattern that signals potential significant upside momentum. Technical analysts indicate this breakout establishes a foundation for a possible advance toward the $15 range, echoing the token’s historic 2017 rally structure.
The price now faces key resistance barriers at $3.66, $4.65, and $6.26, while $3.40 serves as vital short-term support. Market technicians highlight remarkable structural similarities between current price behavior and the breakout pattern preceding XRP’s exponential 2017 surge, reinforcing a positive long-term technical outlook.
Supporting the bullish case, XRP’s Relative Strength Index (RSI) remains beneath overbought thresholds, indicating potential room for sustained upward movement. Analysts emphasize sustained market participation and robust trading volume accompanying this breakout as critical factors to confirm the pattern and maintain trajectory toward projected targets.