Expert Says XRP Is Peeking Out of the Bull Flag. Here’s the Significance

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.