XRP (XRP) Price: Weekend Rally Breaks Bull Flag Formation With Potential 50% Rally

TLDR

XRP gained 10% over the weekend, breaking out of key technical resistance levels after testing $2.10 support Expert EGRAG Crypto predicts XRP could reach $10-$46 by September, with average target of $29 based on historical patterns XRP was added to Nasdaq Crypto US Settlement Price Index on June 2, boosting institutional recognition Technical analysis shows bull flag pattern formation with potential 50% upside to $3.30 medium-term target Ripple continues expanding global adoption with RLUSD stablecoin and cross-border payment solutions

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XRP experienced its strongest single-day gain in nearly a month during Sunday’s trading session. The cryptocurrency climbed over 4% in one day and posted nearly 10% gains across the weekend.

XRP Price

The rally pushed XRP from Friday’s lows near $2.10 to test monthly highs. This marked the largest daily increase since May 12, when XRP jumped 7.5% to reach $2.65.

Market analyst EGRAG Crypto identified a repeating structural pattern in XRP’s price action. This pattern has previously led to massive price explosions twice in XRP’s trading history.

#XRP – iN JUly wE sHaLl fLY sOo SOO hIGh:
ONLY FEW 🧠: pic.twitter.com/Bha2RayjBJ

— EGRAG CRYPTO (@egragcrypto) June 7, 2025

The pattern involves a breakout above the 21-period exponential moving average on the 2-week chart. A subsequent retest of this breakout level typically follows.

Historical Pattern Analysis

XRP first displayed this pattern during the 2017-2018 bull run. After trading below the 21 EMA from late 2016 to early 2017, XRP broke above resistance in March 2017.

The breakout led to a new all-time high of $0.3988 by May 2017. Following a pullback and consolidation period of six months, XRP surged 1,309% to reach $3.8 in January 2018.

The same pattern emerged during the 2020-2021 cycle. XRP broke above the 21 EMA in November 2020, climbing 177% in one month to $0.79.

After retesting the 21 EMA support over three months, XRP recovered to surge 295% to $1.96 by April 2021. The muted growth during this period likely reflected the ongoing Ripple vs. SEC lawsuit.

The current cycle shows similar characteristics. XRP broke above the 21 EMA with a 283% spike in November 2024. It extended gains to reach $3.4 by January 2025.

The $3.4 high triggered another retracement. XRP has since consolidated around $2, retesting the 21 EMA support for five months.

EGRAG expects XRP’s recovery to begin in July, with the rally extending through September. The analyst projects prices between $10 and $46, representing 500% to 2,500% gains.

The average price target stands at $29 by September. From current levels of $2.23, this would mark a 1,200% increase.

Institutional Recognition Boosts Sentiment

XRP’s inclusion in the Nasdaq Crypto US Settlement Price Index on June 2 marked a key milestone. The index previously focused only on Bitcoin and Ethereum.

BIG BULLISH! 🚨🔥

NASDAQ OFFICIALLY FILES AN SEC FORM 8-K WITH INTENTION TO EXPAND ITS CRYPTO BENCHMARK TO A TOTAL OF 9 ASSETS, FROM 5 PREVIOUSLY, ADDING $XRP, $XLM, $SOL & $ADA pic.twitter.com/6b8Ok51WiL

— Kyle Chassé / DD🐸 (@kyle_chasse) June 9, 2025

The expanded version now includes XRP alongside Cardano, Solana, and Stellar Lumens. While the associated ETF remains restricted to Bitcoin and Ethereum holdings, XRP’s index inclusion signals growing institutional acceptance.

This development has renewed market hopes for altcoin-based ETFs. XRP’s presence in a benchmark used by regulated funds hints at changing regulatory attitudes.

Ripple published a blog post on May 28 positioning XRP and its new stablecoin RLUSD as modern solutions to outdated SWIFT payment infrastructure. The company highlighted inefficiencies in traditional international transfers.

Ripple’s platform now claims coverage of over 90% of the global foreign exchange market. The system offers real-time settlement and end-to-end visibility for cross-border payments.

Technical analysis reveals a double bottom pattern forming around the $2.10 level. This level aligns with the 200-day exponential moving average, providing potential support for upward movement.

A bull flag formation has developed from April lows when XRP traded at $1.60. The price surged to $2.60 before entering a downward regression channel until the recent weekend breakout.

Source: TradingView

The measured target for this bull flag breakout sits at approximately $3.30. This level has not been seen since mid-January 2025 and represents nearly 50% upside from current prices.

XRP currently trades at $2.23 after a modest 1.45% correction on Monday. The cryptocurrency remains among the top gainers over the past 24 hours within major cryptocurrencies.

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