Is XRP About to Break Through to 11 Dollars? Analysts Reveal Notable 'Bull Flag' Pattern

XRP has become the center of attention today after cryptocurrency chart analysis expert Ali Martinez predicted the price would break out strongly from the weekly bullish flag pattern, aiming for a price target of 11 dollars. This prediction has stirred up social media and traders' chat rooms. Martinez shared a chart and a tweet stating: "XRP is heading towards the $11 target after breaking out of the bullish flag pattern on the weekly chart," a forecast that is currently being echoed in market comments. Market reaction: XRP has been trading around the $3 mark after a strong bullish run in recent weeks. At the time of writing, XRP is trading around $3.18 after surging 11% this week, thanks to news and general industry driving factors. This bullish run also comes with increased trading volume as traders are pricing in both technical momentum and the weakening of regulatory frameworks. Why So Excited? Martinez's thesis is a standard technical analysis: a steep flagpole followed by a pennant/flag pattern, and then a breakout on the weekly timeframe. This is a pattern that, if valid, will forecast a large price movement. Some experts summarizing his analysis note that the target levels are similarly calculated using Fibonacci extensions and the height of the pattern to provide targets of $8–$15, with $11 presented as a cautious scenario. The technical structure is not the only driving force. The market structure has changed significantly this month after the long-standing lawsuit of the SEC against Ripple officially ended, with both parties withdrawing their appeals and a court-imposed settlement being confirmed, a development that has removed a significant legal burden on XRP and contributed to boosting buying demand. At the same time, issuers have been shifting towards ETF products linked to XRP: ProShares launched leveraged XRP ETFs in early July, signaling demand for managed investment tools associated with XRP. Both of these developments are seen as the main drivers of the new growth momentum. However, analysts and seasoned market experts still advise caution. The breakout from the flag pattern may fail, leading to strong corrections; some commentators point out the nearby resistance level and previous peaks around $3.60 that could limit the bullish momentum in the short term. If XRP loses the newly recovered support level, a drop down to around $2.05–$2.20 has been marked as a reasonable correction scenario before another bullish attempt. In other words, the price level of $11 is technically reasonable if the momentum and demand from institutions remain steady, but it is not a definitive conclusion. But what are traders currently watching? They are waiting for confirmation: can XRP hold above the breakout zone and build bullish momentum on a weekly basis? A sustainable close above the recent resistance level would strengthen Martinez's argument. They are also considering the volume. Significant volume when prices are bullish ( and lack of volume when prices are bullish ) will be seen as a reliable signal or warning. Furthermore, any new comments from the SEC, ETF approvals, or capital flows from institutions could accelerate or slow the bullish momentum. Ali Martinez's chart has reignited the debate about how far XRP can go in this cycle. With legal clarity now established and more tightly regulated products providing pathways, the technical foundation for a bullish move of several dollars is much stronger than it was a few months ago. However, the road to double-digit prices requires a series of confirmations: higher highs, volume support, and continued institutional participation.