XRP Breaks Bullish Flag With Potential Targets Near $15 Amid Key Resistance Levels
Main Idea
XRP has broken out of a bullish flag pattern above $3.50, with potential targets near $15, supported by key resistance and support levels, and resembling its 2017 rally structure.
Key Points
1. XRP broke above $3.50, setting the stage for a potential upward trajectory with targets near $15.
2. Key resistance levels are at $3.66, $4.65, and $6.26, while strong support is near $3.40.
3. Analysts note XRP's current price structure resembles its 2017 rally, reinforcing the bullish outlook.
4. The Relative Strength Index (RSI) remains below overbought levels, supporting the potential for further gains.
5. Market participation and volume accompanying the breakout are critical for validating the bullish flag pattern.
Description
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