XRP Holds Its Bull Flag Above 2021 Highs as the $20 Breakout Target Remains Active

XRP maintains a bull flag above 2021 highs with a $20 breakout target and $2 support.

Analysts track steady compression as XRP holds its structure through repeated tests across sessions.

New XRP ETFs increase market access while technical patterns keep long-range targets in focus.

XRP, zooming into the fractal, shows a bull flag and pennant structure holding above the 2021 highs and this pattern keeps a $20 breakout target active while $2 acts as foundational support. The market trades at $2.26 at the time of writing and the broader trend stays above the previous range with steady movement.

Technical Structure Maintains Its Form Above Key Levels

According to analysis prepared by ChartNerd, XRP continues to trade within a bull flag and pennant setup after a strong move above the 2021 highs. The chart records a clear flag pole that lifts price into a higher zone while the market forms a tightening consolidation pattern. Monthly candles keep reacting near the $2 support area because this level acts as the base for the structure.

The pattern shows continued compression as price moves between trendlines and holds its position within the formation. Data shows repeated tests of support through 2024 and 2025 while the broader trend remains intact. The measured move calculation presents a projected target near $20.46 and the structure keeps its shape through ongoing tests across sessions.

Source: Batman(X)

Additional data from Batman reports that XRP trades inside a descending channel on the lower timeframe while approaching a defined bullish order block. Price touches the blue demand zone with rejection wicks and candles attempting an early breakout above the descending trendline.

ETF Launches Expand Market Access and Volume Activity

Franklin Templeton prepares to launch its XRP ETF under the ticker EZRP on November 18 on the CBOE. The fund recorded $58 million in day-one trading and analysts state that this volume made it the largest ETF debut of 2025. The firm also filed an updated S-1 to speed its final steps.

Bitwise will release its own XRP ETF on November 20 and this may attract hedge funds, family offices and institutional traders. The firm recently launched a Solana ETF and it recorded solid demand from professional investors.

Experts follow the asset closely after Canary Capital’s earlier launch. EGRAG Crypto said, “XRP could still decline slightly before rallying, but the current trajectory is healthier.” Javon Marks added that XRP often posts strong recoveries during market cycles. The combined ETF activity and the active bull flag pattern maintain attention on the $20 breakout target.

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