XRP Bull Flag Could Spark $3.20 Breakout as Ripple Advances
XRP has formed a bullish flag pattern with support at $2.89. A clear break above $3.08 could trigger a rally toward $3.20. Rising trading volume and more than $1 billion in CME XRP futures open interest point to growing institutional activity. Meanwhile, University of Basel Prof. Fabian Schär highlights Ripple’s XRP Ledger for high-speed, low-cost cross-border payments. He says RippleNet can integrate with existing banking systems, offering near-instant and transparent settlements. Ripple’s development of a compliant oracle further strengthens its appeal to financial institutions.
Bullish
The bullish flag pattern on XRP signals a continuation of its uptrend. This technical formation typically precedes significant breakouts when key resistance levels are cleared. Combined with rising trading volumes and over $1 billion in CME XRP futures open interest, the market shows strong institutional engagement. Historically, XRP breakouts above critical levels—like the prior move above $3.00—have led to rapid price advances. A confirmed move past $3.08 toward $3.20 could trigger further short-term buying. In the long term, Ripple’s progress in cross-border payment infrastructure and compliant oracle development supports sustained bullish momentum.