- Analyst ChartNerd identifies a clear bull flag pattern on XRP’s chart.
- Even if XRP dips below $2.60, holding above $2.20 (55-week EMA) keeps the bullish structure intact.
- ChartNerd frames the pullback as “nothing but opportunity,” viewing the current range as accumulation period.
Crypto analyst ChartNerd has shared a bullish projection for XRP, identifying a clear bull flag structure that could propel the asset toward the $5 mark.
In his latest post on X, ChartNerd emphasized that XRP maintains a strong technical footing, even if short-term price fluctuations lead to brief dips.
“XRP has imminent support below in the $2.60 range, but if it sweeps below, being above $2.20 (55 WEMA) would still signal the push towards $5 in this bull flag structure — nothing but opportunity,” the analyst wrote.
Technical Setup: Bull Flag Suggests Continuation of Uptrend
The accompanying chart illustrates XRP’s Elliott Wave count, with the asset currently positioned in the fourth wave (4) of a five-wave pattern. Following this corrective phase, ChartNerd anticipates a strong impulse wave (5), targeting the 1.618 Fibonacci extension at approximately $5.35, aligning with the projected bull flag breakout.
Also Read: Pundit: The True XRP Value Won’t Emerge Until This Happens
$XRP has imminent support below in the $2.60 range, but if it sweeps below, being above $2.20 (55 WEMA) would still signal the push towards $5 in this bull flag structure 🎁 nothing but opportunity. pic.twitter.com/f2yd0uz7II
— 🇬🇧 ChartNerd 📊 (@ChartNerdTA) October 9, 2025
The price action has consolidated within a downward-sloping channel, typical of a bull flag pattern, which often precedes a continuation rally after a strong uptrend (represented by the “flagpole”). The current support zone sits near $2.60, highlighted as a critical level for maintaining bullish momentum.
Key Support and Moving Averages
ChartNerd notes that even if XRP temporarily dips below $2.60, maintaining levels above $2.20, which aligns with the 55-week exponential moving average (WEMA), would still confirm the broader bullish structure.
The 55 WEMA has historically served as a dynamic support zone during previous bull cycles, often marking the point where buyers re-enter the market before major rallies.
The chart also shows the yellow and red moving averages converging beneath the current price — a sign of potential momentum compression before a breakout.
Upside Targets: $5 in Sight
If XRP successfully holds above its key support zones and breaks out of the bull flag formation, ChartNerd’s analysis suggests a target range between $5.00 and $5.35. The projection aligns with the 1.618 Fibonacci extension level, which commonly represents the completion point of a fifth wave in Elliott Wave theory.
This move would represent an increase of nearly 90% from current price levels, placing XRP among the top-performing large-cap digital assets in the ongoing bullish cycle.
Conclusion: “Nothing but Opportunity” Ahead
In summary, ChartNerd’s latest analysis frames XRP’s current consolidation phase as a strategic accumulation zone, not a sign of weakness. Whether XRP holds the $2.60 support or briefly dips toward $2.20, the broader technical outlook remains firmly bullish.
“Nothing but opportunity,” the analyst emphasized, encouraging traders to focus on the larger pattern rather than short-term volatility.
With a potential $5 breakout on the horizon, XRP’s chart structure continues to attract attention from both technical analysts and long-term investors positioning for the next major leg upward.
Also Read: Analyst to XRP Holders: “Hold Tight,” Next Stop is Huge if Bulls Dominate – See Targets
