Expert Says XRP Is Peeking Out of the Bull Flag. Here’s the Significance
2025-07-13 17:23:23
Main Idea
Analyst XRPunkie suggests XRP is breaking out of a bull flag pattern, indicating a potential major upward move, with key resistance levels at $2.90 and $3.00.
Key Points
1. XRP is trading at $2.83 and has broken out of a bull flag pattern, signaling a potential upward trend.
2. Key resistance levels to watch are $2.90 and $3.00; a close above $3.00 could lead to a longer-term breakout.
3. The $2.78 level now acts as near-term support; a drop below $2.70 could indicate a failed breakout.
4. The broader crypto market is showing strength, with Bitcoin above $118,000 and altcoins gaining momentum.
5. Positive fundamentals for XRP include growing whale accumulation, declining exchange balances, and the upcoming ProShares XRP Futures ETF launch on July 18.
Description
XRP is once again commanding attention as it flashes a powerful bullish signal on the 4-hour chart. Prominent analyst XRPunkie pointed out that XRP is “peeking out of the bull flag”—a classic continuation pattern often seen just before a major upward move. At the time of writing, XRP is trading at $2.83, marking a significant push higher after a brief period of consolidation. Bull Flag Breakout Suggests a Strong Continuation The bull flag is one of the most reliable chart patterns in technical a...
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