XRP Breakout: Bull Flag to $15? Crypto’s Wild Ride!

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TL;DR:

  • XRP has busted through the $3.50 wall on the weekly chart, signaling a bull flag breakout with eyes on a $15 jackpot.
  • The MACD has flipped bullish, and Fibonacci levels hint that $5.32 might be the next “ouch” point.
  • Meanwhile, the SEC has played spoiler—blocking an XRP-inclusive ETF and stirring up angst over altcoin ETFs.

Weekly Chart Shenanigans

Picture this: XRP has been wallowing in a long, lazy period of sideways trading. Then, like a plot twist in a cheesy Hollywood movie, it finally decides to break free from a trendline that’s been its reluctant jailer since the end of 2024. This trendline was part of a bull flag pattern—chart jargon for “keep calm and carry on… upward!” With the breakthrough above $3.50, traders are now salivating at the prospect of even loftier gains. And if XRP ever takes a breather, a little support is waiting for it between $2.70 and $3.00. (Because who doesn’t love a safety net on a roller coaster ride?)

$XRP has broken out of a bullish flag, setting its sights on $15! Look closely at the weekly chart and you’ll see it.

— Ali (@ali_charts) July 22, 2025

Fibonacci Levels: Where the Magic Happens

In this act of technical wizardry, the 0.618 extension at $2.55 has already been dispatched. The next target, the 1.618 level, looms near $5.32. Mikybull Crypto has chimed in with a similar prognosis, drawing parallels to a previous breakout that sent XRP on an exhilarating rally. Back in late 2024, XRP was in a similar pickle—tight consolidation followed by a sudden surge. Since early 2025, it’s been on a steadily upward march, forming a solid base even as it shrugged off a few temporary pullbacks.

$XRP BREAKOUT & MACD BULLISH CROSS

SAME SETUP

TARGETS ARE $5-$8.

— Mikybull Crypto (@MikybullCrypto) July 22, 2025

On the technical front, the MACD has turned positive. Imagine the blue line strutting confidently above its orange pal, while the histogram bars have swapped their drab gray for a cheerful green. This setup is eerily reminiscent of the days just before XRP’s multi-week rally in 2024—when everyone’s hopes were riding high on a similar chart spectacle.

SEC: The Unexpected Spoiler

Meanwhile, in the bureaucratic corridors of finance, the SEC has decided to rain on Bitwise’s parade. The agency blocked Bitwise from converting its 10 Crypto Index Fund into an ETF—a fund that, by the way, includes XRP along with other top assets. Initially, the fund had received a green light, only to have it yanked away in a twist that’s left many crypto enthusiasts scratching their heads. ETF market analyst Nate Geraci notes that this reversal is eerily similar to the earlier debacle with the Grayscale Digital Large Cap ETF, casting a shadow of uncertainty over future altcoin ETF plans.

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2025-07-23 10:33