XRP Technical Analysis: Bullish Flag Formation Hints at Major Rally
- Analyst Steph Is Crypto highlights XRP’s potential breakout from a bullish flag.
- Fibonacci targets point toward $3.6, $4, $4.65, and possibly $5.7.
- Confirmation depends on volume holding as XRP pushes past resistance.
XRP’s latest price action has traders buzzing, especially after analyst Steph Is Crypto dropped a video pointing out what looks like a breakout in motion. On his chart, XRP is trading inside a bullish flag, a pattern that’s often seen as the calm before a fresh upward surge. The flag itself has been in play since January, after XRP ripped 500% earlier this year. Now, the candles look like they’re finally pressing through the upper edge—something bulls have been waiting on for months.
Key Fibonacci Levels for XRP: $3.6, $4, $4.65, and $5.7 Targets
Steph’s chart zooms in on several Fibonacci extension levels, which line up neatly with potential resistance zones. After testing $3.65 back in July—the coin’s all-time high—XRP is once again eyeing that same level as its next key hurdle. Break that, and traders will start looking higher. Steph flagged $4 and $4.65 as the next important levels, tied to the Fibonacci 2 and 2.618 extensions. If momentum builds, the move could stretch toward $5.7, where the Fibonacci 3.618 level sits. That target also lines up closely with another analyst’s $5.85 call, which Steph jokingly described as “insane” for XRP.
Why XRP’s Breakout Above Resistance Matters for Traders
For months, the top of the bullish flag has acted as a lid, shutting down each rally attempt. This time though, price action is pushing through again, hinting that buyers might finally be regaining control. Whether it sticks or not depends on volume. A real breakout usually comes with strong buying pressure, and without it, XRP risks slipping back into the pattern. Traders will be watching closely to see if XRP can hold above the flag’s upper boundary long enough to confirm the breakout.
XRP Price Outlook: Can Bulls Push Toward $5 in 2025?
A sustained rally into the $4–$5 range would mark a serious shift in sentiment for XRP, putting it back on the radar as one of the market’s stronger performers. For many investors, that kind of move would also validate the idea that XRP isn’t just coasting—it’s building momentum for another major leg up. Still, patience is key. Breakouts need confirmation, and while the char
The post XRP Technical Analysis: Bullish Flag Formation Hints at Major Rally first appeared on BlockNews.
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XRP Technical Analysis: Bullish Flag Formation Hints at Major Rally
- Analyst Steph Is Crypto highlights XRP’s potential breakout from a bullish flag.
- Fibonacci targets point toward $3.6, $4, $4.65, and possibly $5.7.
- Confirmation depends on volume holding as XRP pushes past resistance.
XRP’s latest price action has traders buzzing, especially after analyst Steph Is Crypto dropped a video pointing out what looks like a breakout in motion. On his chart, XRP is trading inside a bullish flag, a pattern that’s often seen as the calm before a fresh upward surge. The flag itself has been in play since January, after XRP ripped 500% earlier this year. Now, the candles look like they’re finally pressing through the upper edge—something bulls have been waiting on for months.
Key Fibonacci Levels for XRP: $3.6, $4, $4.65, and $5.7 Targets
Steph’s chart zooms in on several Fibonacci extension levels, which line up neatly with potential resistance zones. After testing $3.65 back in July—the coin’s all-time high—XRP is once again eyeing that same level as its next key hurdle. Break that, and traders will start looking higher. Steph flagged $4 and $4.65 as the next important levels, tied to the Fibonacci 2 and 2.618 extensions. If momentum builds, the move could stretch toward $5.7, where the Fibonacci 3.618 level sits. That target also lines up closely with another analyst’s $5.85 call, which Steph jokingly described as “insane” for XRP.
Why XRP’s Breakout Above Resistance Matters for Traders
For months, the top of the bullish flag has acted as a lid, shutting down each rally attempt. This time though, price action is pushing through again, hinting that buyers might finally be regaining control. Whether it sticks or not depends on volume. A real breakout usually comes with strong buying pressure, and without it, XRP risks slipping back into the pattern. Traders will be watching closely to see if XRP can hold above the flag’s upper boundary long enough to confirm the breakout.
XRP Price Outlook: Can Bulls Push Toward $5 in 2025?
A sustained rally into the $4–$5 range would mark a serious shift in sentiment for XRP, putting it back on the radar as one of the market’s stronger performers. For many investors, that kind of move would also validate the idea that XRP isn’t just coasting—it’s building momentum for another major leg up. Still, patience is key. Breakouts need confirmation, and while the char
The post XRP Technical Analysis: Bullish Flag Formation Hints at Major Rally first appeared on BlockNews.
Read More
Ripple (XRP) Price Outlook: Support at $2.94 Critical for Bulls