XRP Price Stabilizes at $2.31 as Bullish Flag Pattern Emerges

XRP, after a significant rise from $0.50 to $2.90 in 2024, is currently trading at $2.31. A 'half-mast flag' pattern on the weekly chart indicates potential for another breakout.

Key Points

XRP's market cap exceeds $134 billion.
The price surged following a legal victory against the SEC.
Trader Peter Brandt suggests a bullish completion of the half-mast flag could increase XRP's market cap to $500 billion.
A bearish outcome may see XRP drop to around $28 billion in market cap.
Analyst Mikybull estimates a breakout target as high as $3.74.
Egrag Crypto predicts potential surge to $15 based on Elliott Wave analysis.
On-chain data shows XRP whales are accumulating during dips.
XRP faces resistance at $2.35, with a current 24-hour decline of 4.5%.

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