XRP (XRP) is flashing signs of a major bullish breakout, with technical patterns aligning with fresh structural catalysts such as the first US spot XRP exchange-traded fund (ETF) approval and new partnerships with DBS Bank and Franklin Templeton.
On the weekly chart, XRP has already confirmed a breakout from a bull flag pattern, a classic continuation setup that often follows strong rallies.
The measured move from this formation suggests a near-term upside target of around $5.80, or roughly 85% above current levels near $3.10.
The breakout comes after XRP consolidated for weeks in a tightening channel, with momentum shifting firmly back toward the upside.
Beyond the shorter-term flag, XRP also shows a larger bullish structure stretching back to late 2024.
This setup suggests a decisive continuation move could extend gains toward $15.80, representing a 400%-plus rally from today’s price levels.
This multi-phase structure mirrors historical XRP breakout cycles, where parabolic expansions have followed lengthy accumulation and consolidation periods.
The technical case is being reinforced by a wave of fundamental tailwinds.
XRP recently scored approval for the first US spot ETF tied to its token, a milestone that could open the door to billions in inflows from traditional finance investors.
Early trading volumes have already surpassed $24 million in under two hours, marking one of the strongest altcoin ETF debuts to date.
Analysts see significant upside in ETF inflows:
At the same time, major institutions like DBS Bank and Franklin Templeton have deepened partnerships in the XRP ecosystem.
Alongside Ripple, they are rolling out tokenized trading and lending solutions on the XRP Ledger, powered by Ripple’s US dollar stablecoin (RLUSD) and Franklin Templeton’s tokenized money market fund (sgBENJI).
Yashu Gola is a crypto journalist and analyst with expertise in digital assets, blockchain, and macroeconomics. He provides in-depth market analysis, technical chart patterns, and insights on global economic impacts. His work bridges traditional finance and crypto, offering actionable advice and educational content. Passionate about blockchain's role in finance, he studies behavioral finance to predict memecoin trends.