XRP Breaks Out of Bull Flag, Aiming for $4.40 Target

XRP has broken out of a descending channel identified as a “bull flag,” indicating a potential continuation of its upward trend. The target price is set at $4.40 based on Fibonacci extension levels.

XRP Price Targets

XRP rallied from approximately $2.3374 to a local high of $3.3509 between January 13 and 17
Consolidation occurred within a downward-slope channel until January 19, with a brief dip below the 0.786 Fibonacci retracement level at $3.1021
The breakout above the channel’s upper boundary occurred around $3.20 on January 20
The distance from the swing low ($2.3374) to the swing high ($3.3509) is about $1.01
Price targets based on Fibonacci extensions include:
- 1.272: $3.6958
- 1.414: $3.8889
- 1.618: $4.1863
- 1.786: $4.4475
The primary bullish objective is $4.40, aligned with the 1.786 extension level
XRP traded near $3.29, just below the local high
To confirm further gains, XRP must maintain support above $3.20 and surpass $3.3509
Current trading shows XRP at $3.06, needing to regain momentum

The convergence of the $4.40 target with Fibonacci analysis highlights it as a key upside marker for traders.