Weslad, a notable analyst, recently suggested that XRP currently trades within a buyback zone that could push prices to double digits.
His analysis comes as XRP recently bounced back from a dip to $2.7 earlier this month, climbing above the $3 psychological level. The recovery shows strength, but XRP still trades in a delicate spot just above $3, where its next move could determine future price trends.
In the price commentary, Weslad confirmed that XRP had broken above a bullish pennant structure but noted that the price has begun consolidating since this breakout. Despite the consolidation, he stressed that a “big move” is loading and Advises Patience for Final Targets.
XRP Price Action Leading to the Bullish Pennant
Data from his chart shows that after hitting the $1.96 peak in 2021, XRP entered a multi-year downtrend, sliding through 2021 and 2022 inside a descending channel. It finally found support near its 2022 low of $0.28, where a rising trendline began to take shape. The line has guided the market structure ever since.
From 2022 to 2024, XRP built a base inside a broad accumulation zone that stretched between $0.28 and $0.60. This zone formed the launchpad for the massive breakout in November 2024. The rally carried XRP to a local high of $3.4 in January 2025, creating the “pole” of a bullish pennant pattern.
XRP Forms Pennant on Weekly and Daily Charts
After reaching $3.4, XRP shifted into a months-long consolidation. On the weekly chart, price action narrowed into a bullish pennant, a continuation structure that often follows strong rallies.
Meanwhile, smaller flags and pennants also appeared on the daily chart through late 2024 and into 2025, each breakout fueling the next move higher.
Interestingly, XRP has formed another smaller flag on the daily chart from the July 2025 peak of $3.66. As this coincides with the larger pennant from the weekly chart, it bolsters the case of a massive uptick.
At press time, XRP has broken above the upper trendline of both pennant structures. The breakout confirmed the bullish setup and established a buyback zone between $2.6 and $3. Earlier this month, XRP retested that zone when it dropped to $2.7 before recovering. Notably, holding above this level now gives buyers the foundation to push higher.
Breakout Targets from Buyback Zone
Weslad presented several targets if the breakout holds. Specifically, the first goal sits at $5.545, nearly double the current price. The analyst highlighted this level in a green projection box on the daily chart, identifying it as the short-term immediate target.
Beyond that, Weslad called attention to higher steps on the weekly chart. The next target stands at $10.05, followed by $24.66. However, he suggests the full pennant projection even stretches above $27. This aligns with previous predictions from market watcher EGRAG Crypto.
Importantly, the bullish case relies on the buyback zone. If XRP stays above $2.6–$3, buyers keep control and can aim for the higher levels. A break below that support would signal weakness and could cancel the setup. Meanwhile, pushing firmly above the $3 mark and holding it would strengthen the bullish outlook and bring the $5.545 target into view.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
