XRP Price Forms Bullish Flag Pattern Indicating Potential $5 Target

Crypto analyst Babenski indicated that the XRP price is poised for a breakout, potentially reaching a new all-time high (ATH).

XRP Price Patterns

  • The XRP price is forming a flag pattern above a major accumulation zone.
  • A breakout could see XRP rise to $5, marking a new ATH.
  • Analyst Dark Defender suggested XRP might exceed $5.8563 in Wave 5 of an upward move.
  • Support levels are increasing, and a decision point for XRP is expected within two weeks.
  • Analyst Egrag Crypto noted a 70% to 80% probability of an upside breakout, driven by imminent fundamental news.
  • CasiTrades remarked on the nearing end of the consolidation phase, predicting significant market movements.
  • Potential upside targets align with a macro zone of $8 to $13.

Current XRP trading price is approximately $2.29, with a decline in the last 24 hours.