Coinpaper
February 4, 2026 8:11 AM UTC

XRP Prints First Green Candle on the 3-Month Chart — Is a Bull Flag Breakout Brewing?

XRP Signals Breakout Potential as Bull Flag Forms XRP is quietly building a case for a major move, and the latest technical and on-chain signals are beginning to align in its favor. According to market analyst Emilio Bojan, the asset has just completed a bull flag formation on the three-month timeframe, a pattern often associated with continuation rallies. More notably, XRP has printed its first green candle in months, pushing up to the $1.36 level and hinting at a potential shift in momentum after a prolonged period of consolidation. While the price has since cooled slightly to around $1.31 per CoinCodex data, this pullback does little to invalidate the broader setup. In fact, it may be part of a healthy consolidation phase. Beneath the surface, on-chain data suggests that XRP is approaching a critical breakout point, with a falling wedge pattern nearing completion. This structure, typically seen as a bullish reversal signal, is compressing price action into a tightening range, often preceding a sharp move upward. Therefore, the key level to watch now sits between $1.47 and $1.49. This resistance zone represents both a psychological barrier and a technical ceiling that XRP must clear to confirm a breakout. If bulls manage to push through this range with conviction, it could open the door to a stronger rally and renewed market interest. XRP Sees a Surge in Institutional Inflows Beyond technical patterns, institutional activity is adding another layer of support to XRP’s outlook. The asset stood out last week with $15.8 million in inflows, according to CoinShares data. This is particularly significant given the broader market context, where Bitcoin and Ethereum experienced heavy outflows of $194 million and $221 million, respectively. Well, such a divergence signals a shift in capital allocation, with investors increasingly turning to XRP as an alternative play. What does this rotation reflect? It shows growing confidence in XRP’s short-term potential, especially as it positions itself at the intersection of favorable technical structures and strengthening demand. While the market remains cautious overall, XRP appears to be carving out its own narrative that should be given closer attention. Conclusion XRP’s tightening technical structure and renewed capital inflows signal a market quietly gearing up for a move. The combination of a bull flag and a compressing falling wedge points to mounting breakout pressure. A decisive push above the $1.47–$1.49 resistance zone could validate the setup, flipping sentiment and opening the door for stronger upside momentum.