XRP Set to Rally to $19, Analyst Predicts Giga Bull Flag Formation

XRP's current price structure shows notable compression, according to independent analyst Maelius. Key points include:

Current price is approximately $2.23, above a support zone at $1.80.
Price has increased by 3.33% in the current weekly candle.
Formation of a "giga bull flag," characterized by lower weekly highs near $3.40 and higher swing-lows around $1.61.
Chart analysis compares the present pattern with XRP's advance in 2017, which led to significant price increases.
Projected breakout levels are $4.00 and potentially up to $19 based on historical patterns.
Technical indicators show RSI movements reminiscent of the 2017 surge.
Immediate resistance is at $2.50; closing above this level may signal further upward movement.
A break below $1.80 could invalidate the bullish pattern.

At press time, XRP traded at $2.23.