Analyst Identifies XRP Buyback Zone with Double-Digit Price Targets

• XRP analyst projects $5.545 initial target following bullish pennant breakout
• XRP maintains critical support above $2.6-$3 buyback zone after recent retest
• Long-term projections extend to $27 based on pennant formation measurements

Analyst Weslad has identified XRP trading within a strategic buyback zone that could facilitate advances toward double-digit price levels. The assessment comes as XRP recovered from earlier monthly lows near $2.7 and regained position above the psychological $3 threshold.

XRP’s recent price action shows resilience after testing support levels, though the cryptocurrency remains in a delicate position just above $3. Weslad confirmed that XRP successfully broke above a bullish pennant formation but has entered consolidation since achieving this technical milestone.

Pennant Structures Align Across Multiple Timeframes

The analyst’s technical framework identifies pennant formations on both weekly and daily charts that support the bullish thesis. Following XRP’s advance to $3.4, price action compressed into a months-long consolidation pattern forming the classic pennant structure on weekly timeframes.

Daily chart analysis reveals additional flag and pennant patterns that developed throughout late 2024 and into 2025, with each breakout contributing to subsequent upward movement. A smaller flag formation appeared on daily charts from July 2025’s peak at $3.66, coinciding with the larger weekly pennant pattern.

XRP has broken above upper trendlines of both pennant structures, confirming the bullish setup and establishing the $2.6-$3 range as a critical buyback zone. The cryptocurrency retested this support zone when prices dropped to $2.7 earlier this month before recovering above the range.

Weslad’s target hierarchy begins with $5.545 as the immediate objective, representing nearly double current trading levels. This initial target appears within a green projection zone on daily chart analysis, marking the short-term resistance area.

Extended projections on weekly timeframes identify subsequent targets at $10.05 and $24.66. The analyst suggests that full pennant measurements could stretch above $27, aligning with previous assessments from market commentator EGRAG Crypto.

The bullish scenario depends on XRP maintaining the identified buyback zone between $2.6 and $3. Sustained trading above this range would preserve buyer control and support advancement toward higher target levels. Conversely, a break below this support would signal weakness and potentially invalidate the current technical setup.

A decisive move above $3 with sustained holding would strengthen the bullish outlook and bring the $5.545 target into realistic range. The analysis emphasizes patience for reaching final targets as the setup develops.