 
 
The value of Ripple-promoted XRP has surged considerably in latest days, climbing over 10% during the last 24 hours from $2.90 to an area excessive of $3.27.
Regardless of this spectacular efficiency, a number of technical setups counsel that XRP is but to enter its parabolic part. A well-liked crypto analyst has introduced consideration to a historic chart sample that factors to a potential parabolic rally to $11 within the close to future.
XRP’s Bullish Flag Predicts Rally To $11
As illustrated in XRP’s weekly chart shared by analyst Ali Martinez, the Ripple-linked token has damaged out of a bullish flag. XRP had been shifting inside a triangle sample since late 2024, with every swing narrowing the vary till July’s breakout propelled the value above the higher boundary.
“$XRP targets $11 after breaking out of a bullish flag on the weekly chart!” Martinez wrote.
The bullish technical setup comes amid the formal dismissal of the SEC’s case in opposition to Ripple over the securities classification of the XRP cryptocurrency.
 
As beforehand reported by ZyCrypto, the Securities and Alternate Fee (SEC) and Ripple — the corporate intently related to XRP— formally ended their almost five-year authorized brawl after the 2 events collectively filed to dismiss their authorized appeals in opposition to one another. The Ripple-SEC settlement clears a long-standing regulatory overhang and units the stage for wider company and institutional adoption.
Ripple has additionally been a tear in latest months. The corporate has since moved to obtain a national banking license and grow to be the primary crypto-native agency to acquire a chief brokerage agency. Ripple additionally just lately delved deeper into the fast-growing stablecoin ecosystem after launching its RLUSD stablecoin in December with the acquisition of Rail for $200 million.
XRP’s bullish technical setup, the decision of the case, and the optimistic basic developments within the Ripple ecosystem assist the case that XRP’s finest run is but to return.
