XRP Bullish Flag Hints at Explosive Rally to $3.62 - Here’s Why Traders Are Watching
XRP's chart just printed a textbook bullish flag—and analysts say it could trigger a massive run toward the $3.62 mark.
Pattern Recognition: What You're Seeing
Flags don’t lie—at least not this cleanly. The consolidation after a strong upward move signals energy gathering, not exhaustion. Breakout volume will be key.
Why $3.62 Isn't Just a Random Number
That target’s derived from classic measuring techniques—project the flagpole’s length post-breakout. It’s technical, not mystical, even if crypto sometimes feels like both.
Timing the Trade: Watch These Levels
Entry points cluster near the flag’s lower trendline. Stop below it. Because in crypto, hope isn’t a strategy—liquidity is.
Of course, in a market where ‘fundamentals’ can mean a celebrity tweet, maybe patterns are the closest thing to rationality we’ve got.
- XRP is trading at $3.00 with a 2.9% gain in 24 hours, while trading volume fell 3.81% to $6.71 billion.
- A bullish flag pattern signals breakout potential, with price aiming for $3.62 if momentum strengthens.
- RSI at 49.11 reflects neutral momentum, while MACD shows caution with a possible bullish crossover.
Ripple’s XRP is currently trading at $3.00, marking a 2.9% gain in the last 24 hours. The volume of trading is down by 3.81% and currently stands at $6.71 billion. This decrease in trading volume indicates a reduction in market activity, even with the positive price movement.
Source: CoinMarketCap
In the last seven days, XRP has increased by 4.61%. The steady rise illustrates the ongoing interest in the token on the market. Overall, there is resilience in the movement, although investors are still cautious.
XRP Bullish Flag Signals Breakout Ahead
Crypto analyst Rose Premium Signals mentioned that the xrp price shows a bullish flag formation on the daily chart. The price action has been slowly squeezing, indicating that a breakout may be in the offing soon. The market participants are following this setup intently since it can define the next strong directional movement of the token.
Analysts predict that XRP will encounter the initial resistance at $3.6234, followed by additional targets at $3.8608 and $4.1066, if the momentum continues to strengthen. Nevertheless, in case the price cannot overcome the flag formation and restart the bullish trend, the bears might take it back below the crucial support.
Source: X
RSI Neutral While MACD Signals Caution
The Relative Strength Index (RSI) is 49.11, and the signal line is 47.83. This puts XRP in the neutral zone. There is no extreme buying or selling pressure shown on the index. A rise above the 50 level WOULD be bullish, and a drop below would be bearish.
The Moving Average Convergence Divergence (MACD) indicates caution. The signal line is -0.00536, and the MACD line value is -0.01461. The histogram indicates -0.01997, which proves negative momentum. However, the MACD and signal lines are converging. If buyers take control, a bullish crossover may arise.
Source: TradingView
Volume Drops While Open Interest Climbs
CoinGlass data shows that the volume dropped to 9.67 billion, a 10.47% decrease. Open interest, however, grew 4.06% to $8.15 billion. The OI-weighted funding rate is 0.0100%. Speculative interest is suggested by an increase in leverage, which is in contrast to a decreasing level of spot activity.
Source: CoinGlass
Despite a decrease in activity, XRP continues to maintain its $3 position. The bullish flag pattern indicates an upward target, but the technicals are still doubtful. While MACD signals a possible shift, RSI indicates equilibrium. Traders are keenly observing the next step as price stability clashes with low liquidity.
