XRP Price Targets $11 After Breaking Weekly Bullish Triangle
XRP price has broken out of a long-term bullish triangle on the weekly chart, signalling fresh momentum toward $11. July’s breakout lifted XRP to a high of $3.38, followed by consolidation near $3.22. Key resistance sits at $3.40 (1.0 Fibonacci extension): a decisive volume-backed break above $3.40 could open the path to $5.75, with the 1.618 extension at $11.20 as the ultimate target. On the downside, the $2.25 zone—formerly resistance and the 0.786 retracement—now serves as critical support. A sustained hold above $2.25 validates the bullish thesis, while a breach may drag XRP price toward $1.63 or $1.29. Crypto traders should watch for strong volume on the $3.40 break and use $2.25 as a stop-loss parameter. Overall, the weekly bullish triangle breakout and Fibonacci levels guide the next XRP price moves.
Bullish
XRP price breaking out of a long-term bullish triangle on the weekly chart signals upward momentum. This pattern typically leads to a sustained rally toward Fibonacci targets at $5.75 (1.0) and $11.20 (1.618). Short-term, the breakout above the $3.40 resistance on rising volume can trigger additional buying, positioning XRP price for the first extension level. Long-term, maintaining the $2.25 support validates the bullish thesis and raises confidence for further gains. Traders view such technical breakouts as reliable signals, making the overall market outlook bullish for XRP price.