XRP Price Forms Bull Flag On The Weekly Chart: Analyst’s $23 EOY Target Swims Into View 📈
A bull flag pattern on XRP's weekly chart suggests an explosive breakout, targeting $23 by year-end if $3.6 resistance is broken. Analyst Stedas highlights XRP's consolidation forming a classic bull flag, predicting a new upward trend. This aligns with past bull flag patterns causing strong rallies.
Recent analysis also notes a retest of Fibonacci levels, with a potential climb to $4.6. Despite a 3.5% price pullback, XRP's bullish pattern indicates readiness for a significant rally. The next weeks may confirm the bullish outlook.
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