ChartNerd (@ChartNerdTA), a well-known market analyst, has returned with a new assessment of XRP’s long-term setup. His analysis focuses on a bull flag forming above the digital asset’s 2021 highs. A bull flag or pennant is a notable bullish signal, and the analyst believes it deserves close attention.
He noted that “$2 is foundational support” and marked a breakout target near $20. His chart shows XRP holding within a tightening formation after a sharp move earlier in the year.
In late 2024, XRP began a historic rally, rising by over 500%. This move culminated in January, when XRP reached $3.39, forming the flagpole for the current technical setup.
$XRP: Zooming into the fractal, the bull flag/pennant structure holding above the 2021 highs should not be ignored. $20 breakout target. $2 is foundational support. https://t.co/BPwEPE9mZs pic.twitter.com/W3jaP2gfBh
— 🇬🇧 ChartNerd 📊 (@ChartNerdTA) November 16, 2025
The Bull Flag Structure
The post introduces a clear visual of the pattern. The flag sits above $1.96, a level that capped XRP in 2021. Its price now treats that region as support. The chart shows the candles compressed between two trend lines that mark the flag boundaries.
ChartNerd sees the setup as a constructive period of consolidation. The current zone shows reduced volatility within the flag and an orderly pullback, both of which fit the standard criteria for a continuation structure.
XRP broke out of this structure in July, reaching an all-time high of $3.65. However, the asset failed to sustain this momentum. It has remained within the bull flag since then, but ChartNerd believes another breakout is on the horizon.
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Where Is XRP Going Next?
The candles on the chart show higher support than in earlier cycles. The shift above the 2021 highs signals a potential change in long-term direction. XRP traded at $2.22 at the time of his analysis, sitting firmly above the support level.
Based on the bull flag pattern, ChartNerd set a target of $20.46. This level is 821.6% higher than the digital asset’s current price. Although it is an ambitious target, it is supported by the measured move method, which calculates the target based on the flagpole.
The pole’s height matches the potential follow-through, and the asset’s price would need to clear the upper trend line firmly for confirmation. This setup aligns with the analyst’s prior view that XRP’s next rally will be parabolic.
For now, XRP remains inside the flag with clear boundaries. The focus stays on the $2 support and the upper trend line that defines the resistance. The target sits far above the current range, but the structure provides a clear framework for evaluating the next move.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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