XRP Just Broke Out of a Bullish Flag, Analyst Sets 2-Digit Price Target
Main Idea
Technical analyst Ali predicts a bullish breakout for XRP, setting a price target of $15 by mid-2025 based on chart patterns and current market performance.
Key Points
1. XRP/USDT perpetual contract shows a breakout from a 'bullish flag' pattern, indicating potential upward momentum.
2. Analyst Ali projects a price target of $15 for XRP, with the breakout seen as the start of a larger rally.
3. XRP is currently priced at $3.52, having gained approximately 21 percent recently, with a potential 326 percent increase to reach the target.
4. The breakout is supported by strong weekly performance, but sustained growth would require increased volume and broader market support.
5. The projection is based on historical price movements and technical analysis, with the $15 target visualized from the breakout point.
Description
Technical analyst Ali has shared a chart-based projection for XRP, indicating a significant breakout from a long-term bullish flag pattern. According to the chart posted on social media, the XRP/USDT perpetual contract on Binance shows that the digital asset has moved decisively beyond the upper trendline of the consolidation structure. Ali states that XRP “has broken out of a bullish flag,” adding that the weekly chart reveals a larger upward trajectory with a price objective of $15. The techni...
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