XRP Bull Flag Points to $5.50 Target, Top Crypto Analyst
The post XRP Bull Flag Points to $5.50 Target, Top Crypto Analyst appeared on BitcoinEthereumNews.com.
Top crypto analyst spots XRP bull flag, eyes price targets of $5.50 (linear) up to $18-$21.60. Ripple pushes for legal clarity, arguing XRP is not a security, citing Judge Torres ruling. XRP technicals: watch $2.55 breakout (Upper Bollinger Band); RSI ~47 allows for upside. XRP is back on traders’ radar, with its chart showing a strong bull flag that could signal a major breakout, according to top crypto analyst Egrag Crypto. He’s eyeing price targets as high as $18 for XRP, based on this classic bullish continuation pattern. According to Egrag Crypto, XRP’s bull flag–a historically bullish continuation pattern–projects the following outcomes: Logarithmic approach: ~$18 Linear (Non-Logarithmic) approach: ~$5.50 Average target: ~$11.75 Accounting for typical crypto volatility and liquidity dynamics, the analyst suggests applying a 15–20% variability, pushing extended bullish targets to as high as $21.60 in the most optimistic case. #XRP – Bull Flag 🏁 (Updated Version): 🟣Note ⚠️: I’ve slightly adjusted the flag formation to perfectly match the current bullish setup and to estimate the measured move using different approaches. 🟣Logarithmic For long-term breakouts , I prefer using logarithmic charts ,… https://t.co/tf5SIoeekV pic.twitter.com/fhqweuOknf — EGRAG CRYPTO (@egragcrypto) May 28, 2025 Related: Ripple CTO David Schwartz on XRP: User Outcomes More Key Than Strict Decentralization Purity Ripple Pushes for Congress-Led Rules & Safe Harbor In response to SEC Commissioner Hester Peirce’s recent “New Paradigm” speech, Ripple has published a new letter, via Chief Legal Officer Stuart Alderoty, stating that XRP and most crypto tokens are not securities. Key arguments from Ripple include: Legal precedent from the 2023 Judge Torres ruling, which stated XRP sales on exchanges are not securities. Criticism of vague SEC metrics like “sufficient decentralization” and “fully functional” as unclear and impractical. A push for Congress-led regulation and the introduction of a “safe harbor” rule to support…
