Analyst Says This Bull Flag Will Send XRP to $10 Minimum
2025-07-02 20:30:54
Main Idea
A crypto analyst predicts XRP could surge to $10 based on a bull flag pattern and macro developments, despite current trading at $2.22.
Key Points
1. Crypto analyst STEPH IS CRYPTO identifies a bull flag pattern on XRP’s chart, similar to the setup before its late 2024 rally.
2. XRP is currently trading at $2.22, but the analyst suggests a potential 350% surge if the bull flag pattern fully plays out.
3. The technical setup includes a descending wedge within the bull flag, indicating a possible major upward breakout.
4. Macro factors like regulatory clarity and XRP’s inclusion in the Grayscale Digital Large Cap ETF are boosting confidence in the asset.
5. XRP’s growing role in Asia, particularly Japan, and Ripple’s expansion of payment corridors are seen as positive drivers for demand.
Description
XRP is on the verge of what could be a monumental breakout, according to crypto analyst STEPH IS CRYPTO. In a recent post on X, the chartist highlighted a clear bull flag pattern forming on XRP’s chart, an indicator historically associated with explosive upward moves. This setup, he argues, closely mirrors the pattern that triggered XRP’s major rally in late 2024. If history repeats itself, XRP could be headed for a surge to at least $10. Bull Flag Forming Within a Descending Wedge STEPH IS CRYP...
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