XRP is once again showing a technical setup similar to the one that led to a massive rally earlier in 2025, fueling expectations that another major breakout could be underway.
The cryptocurrency recently broke out of a multi-month bull flag pattern on the daily chart, while several additional technical indicators are also pointing toward further upside momentum in the near term.
XRP Fractal Pattern Points Toward $2.35
According to analysts, XRP’s current market structure closely resembles the price action seen after the April 2025 cycle low, which was followed by a strong upward breakout.
Back then, XRP spent several weeks consolidating inside a bullish flag formation before eventually breaking higher. At the same time, the 20-day and 50-day exponential moving averages formed a bullish crossover, strengthening the bullish momentum.
In July 2025, XRP successfully broke above the upper boundary of the flag pattern, triggering a wave of short liquidations and fresh buying pressure. The move ultimately resulted in a rapid 66% rally that pushed the token to its all-time high of $3.66 within less than two weeks.
Analysts now believe XRP may be repeating the same setup once again.
The current chart structure shows XRP breaking above another bull flag formation while a fresh bullish crossover between moving averages appears to be developing. If the historical fractal plays out similarly, XRP could potentially rally more than 66% from current levels, with price targets near $2.35.
However, traders note that confirmation of a stronger trend reversal depends on XRP maintaining support above the $1.40 level. This area now acts as both the upper boundary of the previous flag formation and a key moving average support zone.
Crypto analyst Jack Straw said XRP continues gaining momentum above $1.40 while holding firmly above its 100-hour simple moving average. According to the analyst, a clean breakout above the $1.420 resistance level could trigger the next major upward move.
Another market analyst, Sam Mti, also highlighted a fresh buy signal from the MTI indicator, suggesting XRP could move beyond $1.45 as long as the $1.40 support remains intact.
Several analysts previously stated that a decisive close above $1.40 could shift market control fully in favor of buyers, opening the path toward higher targets around $2 and potentially $2.40 afterward.
XRP Buying Pressure Continues to Rise
On-chain and derivatives data also suggest bullish momentum may be returning to the XRP market.
XRP’s 90-day spot taker cumulative volume delta (CVD), a metric that tracks the balance between buy and sell volume over time, recently turned positive again. This indicates that aggressive buy orders are currently dominating the market.
The metric flipped bullish on May 1 after XRP broke above the important $1.38 resistance level and has remained positive ever since. Analysts view this as a sign that traders are increasingly positioning for additional upside.
Historically, similar shifts in the CVD indicator have preceded major XRP rallies. A comparable setup in June 2025 was followed by approximately 70% price gains.
Meanwhile, XRP’s open interest delta has also turned positive, climbing to around $27 million on May 1, according to CryptoQuant data. Rising open interest during a price increase typically suggests that traders are adding new positions as confidence and momentum return to the market.
CryptoQuant analyst Amr Taha explained that strong positive readings in open interest often signal increasing exposure from traders as bullish momentum begins recovering.
With technical patterns, spot buying activity, and derivatives positioning all aligning, many traders now believe XRP could be preparing for another significant breakout if key support levels continue holding.
