XRP traded between $1.329 and $1.365 on September 11, closing near $1.336 while holding above a key support zone. The token defended the $1.33 level within what analysts describe as a green zone on the daily chart, despite pressure across digital-asset markets.

Market watchers are tracking a completed Wave 1 structure and an intact bull flag pattern. If support continues to hold, those technical indicators point to a possible move toward $1.88, the upside projection associated with the pattern. The $1.88 figure is a chart-based projection rather than a guaranteed outcome, and its relevance depends on the support and pattern remaining intact.

XRP Daily Chart Structure Remains Intact

According to trader Dark Defender, XRP has been moving in a sinusoidal pattern on the daily time frame. The up-and-down movement has remained inside the green zone and represents a normal consolidation phase, the trader said. It has not invalidated the broader bull flag structure that formed after Wave 1.

Dark Defender said XRP completed Wave 1 on the daily chart before entering consolidation. The trader added that the bull flag remains intact as long as the green zone holds. If the structure remains in place through the coming sessions, a strong reversal could follow.

XRP formed Wave 1 on the daily time frame & continued consolidating. We see the sinusoidal (up-and-down, like a radio wave) movement inside the green zone, which is normal. The Bull Flag pattern continues, so we can expect a strong reversal as long as the green zone is intact.…

— Dark Defender (@DefendDark) September 11, 2026

The $1.33 level has become the main price point traders are monitoring. A daily close below that level could weaken the current bull flag setup. XRP has remained above the support through recent sessions, even as the broader digital-asset market has faced pressure.

If the token holds both the green zone and the $1.33 support level, the $1.88 target remains part of the bull flag projection. Traders are continuing to monitor daily closes for confirmation that the chart structure remains valid.

XRP Utility Narrative Draws Attention

Beyond technical patterns, XRP is also receiving attention for its use in transactions and applications. Analyst SMQKE described XRP as a functional utility cryptocurrency and Bitcoin as a speculative asset. The comparison forms part of a broader argument among crypto commentators about how market behavior may be changing as institutional capital grows.

SMQKE argued that older market cycles based on Bitcoin halvings and retail speculation are beginning to break down. In that view, institutional capital does not move through the market in the same way retail money historically has.

WisdomTree actually highlighted XRP’s outperformance of BTC as recently as 2025. They weren’t selective on timeframes either. XRP experienced a higher percentage increase compared to BTC across the 1-month, 3-month, and 1-year time frames. Wisdomtree’s assessment is more…

— SMQKE (@SMQKEDQG) September 11, 2026

WisdomTree data cited by SMQKE shows XRP with a 45% year-to-date gain and the lowest correlation to Bitcoin among major assets. SMQKE also referred to WisdomTree figures indicating that XRP outperformed Bitcoin over one-month, three-month, and one-year periods.

Community members have pointed to those figures in arguments about XRP’s long-term adoption potential. The discussion focuses on whether institutional interest could increase demand for practical use cases over time. Supporters say utility-related demand could follow if the broader market shifts toward assets viewed as more stable.

Source: CoinGecko

Original article: https://blockonomi.com/xrp-holds-1-33-support-as-bull-flag-pattern-eyes-1-88-target/