 
 
XRP, Ripple’s native token, has broken out of a technical bull flag pattern this week. This comes as whale activity, open interest in futures, and ETF-related flows converge.
While price projections hint at $15 based on pattern metrics, shared by analyst Ali, zooming out on weekly chart.
Technical analysis MACD on chat below also shower positive point of interest to the upside breakout between $5 to $8.
XRP broke above $3.45, triggering a breakout from a multi-week bull flag formation. The pattern had formed after XRP’s recent rally from $2.10 to $3.50, followed by consolidation.
The pattern projects a target between $15 and $17, based on the height of the previous flagpole, stating the breakout aligns with classical technical continuation setups.
 
High open interest alongside rising spot prices is a typical indicator of confidence from traders using margin.
XRP experienced a 3% price swing, trading between $3.46 and $3.57, with significant volume driven by institutional flows based on TradingView.
Source: TradingView
ETFs and Legislation Add Fuel
Institutional interest in XRP has grown following the launch of the ProShares XRP Futures ETF earlier this month. Additionally, U.S. legislators advanced the CLARITY and GENIUS Acts.
Both seek to clarify the legal classification of crypto assets, which analysts say reduces regulatory headwinds for XRP.
XPMarket also launched a reserve-backed asset, RLUSD, tied to XRP. The platform says the goal is to improve DeFi transparency and ecosystem engagement on the XRP Ledger.
XRP’s breakout from a bull flag pattern is supported by technical structure, whale accumulation, and rising institutional exposure.
XRP’s bull flag breakout carries potential. Technical readings suggest a projected upside of nearly 500%, tapping into $15 territory. Futures open interest, whale accumulation, and legislative backing all support the move.
Still, the initial challenge lies in reclaiming the near-term targets: $6, possibly followed by a run toward $15+. As markets evolve, the unfolding data and price action will determine if XRP’s next leg really becomes a moonshot—or stalls in the ascent.
Source: https://zycrypto.com/is-xrp-ready-for-15-bull-flag-pattern-projects-500-moonshot-as-institutional-interest-explodes/