XRP has spent the past several days trading sideways after a big rally, and that sideways action has formed a pattern experts call a “bull flag.” In plain terms, that’s a brief pause after a strong move up, one that often ends with the price continuing in the same direction it was already heading, higher.
What The Bigger Picture Looks Like
XRP has been stuck in a tight, choppy range since the crypto bear market began back in July of last year. That range recently broke, with XRP posting one of its biggest weekly moves in a long time. To one technical analyst watching the chart, that looks like more than just a bounce, it looks like the start of a real trend change.
Two Numbers That Matter Right Now
For XRP right now, it really comes down to two prices:
- $1.43 on the way up. If XRP can close above this level for a few hours in a row, that’s the signal traders are watching to confirm the breakout is real.
- $1.30 on the way down. If XRP falls below this instead, the bullish setup falls apart, and a deeper pullback becomes the more likely outcome.
Right now, XRP is sitting between those two numbers, essentially holding its breath.
If XRP Breaks Higher, Here’s The Target
The analyst puts XRP’s short-term target at around $2.10. From where XRP is trading now, that would be a move of roughly 56%, a big swing, but one the analyst believes is realistic if the $1.43 level gives way.
Looking even further out, there’s a bigger target on the table too: around $3.68, which would mark a new all-time high for XRP. That move wouldn’t happen overnight. It’s more of a “over the coming weeks and months” kind of target, not something that shows up on the chart tomorrow.
Why Not Many People Are Talking About This
Here’s the interesting part. After XRP spiked to $1.70 last week, a lot of everyday retail traders reportedly cashed out and moved on, assuming the move was over. That’s actually why this setup could catch people off guard, most of the crowd has already stopped paying attention, right as the chart is building toward a potential breakout.
The analyst says watch $1.43. A confirmed break above it could open the door to a run toward $2.10 in the near term, with $3.68 as a longer-term target if momentum keeps building. On the flip side, losing $1.30 would flip the picture bearish.
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