Confirmed: XRP Bull Flag Puts $5.50 Price Target on the Map
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See what traders are focused on
- Top crypto analyst spots XRP bull flag, eyes price targets of $5.50 (linear) up to $18-$21.60.
- Ripple pushes for legal clarity, arguing XRP is not a security, citing Judge Torres ruling.
- XRP technicals: watch $2.55 breakout (Upper Bollinger Band); RSI ~47 allows for upside.
XRP is back on traders’ radar, with its chart showing a strong bull flag that could signal a major breakout, according to top crypto analyst Egrag Crypto. He’s eyeing price targets as high as $18 for XRP, based on this classic bullish continuation pattern.
According to Egrag Crypto, XRP’s bull flag–a historically bullish continuation pattern–projects the following outcomes:
- Logarithmic approach: ~$18
- Linear (Non-Logarithmic) approach: ~$5.50
- Average target: ~$11.75
Accounting for typical crypto volatility and liquidity dynamics, the analyst suggests applying a 15–20% variability, pushing extended bullish targets to as high as $21.60 in the most optimistic case.
#XRP – Bull Flag
(Updated Version):
Note
: I’ve slightly adjusted the flag formation to perfectly match the current bullish setup and to estimate the measured move using different approaches.
The post Confirmed: XRP Bull Flag Puts $5.50 Price Target on the Map appeared first on Coin Edition.
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