Bull Flag

Resistance

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<p>Market watcher Ali sees <a href="https://captainaltcoin.com/this-analyst-says-xrp-price-is-getting-ready-to-break-out-soon-here-are-key-levels-to-watch/" target="_blank" rel="noopener noreferrer nofollow">big things ahead for XRP</a>. In a tweet, he laid out how XRP’s sideways movement actually looks like a bull flag pattern – a signal that often precedes major moves up.&nbsp;</p>
<p>Moreover, he predicts breaking past $2.60 could set off a chain reaction pushing <a class="wpil_keyword_link" href="https://captainaltcoin.com/ripple-xrp-price-prediction/" title="XRP" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">XRP</a> toward $4 or higher. His Fibonacci analysis backs this up, showing XRP flexing its muscles at key price points.</p>
<h2 class="wp-block-heading" id="strong-xrp-price-movements-and-consolidation-strong"><strong>XRP Price Movements and Consolidation</strong></h2>
<p>XRP has seen an upward movement, up to around the $2.60 mark before entering a consolidation phase. This consolidation forms a classic bull flag pattern, characterized by two downward-sloping parallel trendlines that outline a descending channel.&nbsp;</p>
<p>Such patterns often signal continuation of a prior upward trend, provided there is a successful breakout. Currently, XRP is <a href="https://coinmarketcap.com/currencies/xrp/" target="_blank" rel="noopener noreferrer nofollow">trading around $2.66</a>, holding just above the $2.60 resistance zone.&nbsp;</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="689" src="https://captainaltcoin.com/wp-content/uploads/2024/12/Ge_V46aWgAAZE-M-1024x689.jpeg" alt="" class="wp-image-601877" srcset="https://captainaltcoin.com/wp-content/uploads/2024/12/Ge_V46aWgAAZE-M-1024x689.jpeg 1024w, https://captainaltcoin.com/wp-content/uploads/2024/12/Ge_V46aWgAAZE-M-300x202.jpeg 300w, https://captainaltcoin.com/wp-content/uploads/2024/12/Ge_V46aWgAAZE-M-767x516.jpeg 767w, https://captainaltcoin.com/wp-content/uploads/2024/12/Ge_V46aWgAAZE-M-1536x1034.jpeg 1536w, https://captainaltcoin.com/wp-content/uploads/2024/12/Ge_V46aWgAAZE-M-2048x1379.jpeg 2048w, https://captainaltcoin.com/wp-content/uploads/2024/12/Ge_V46aWgAAZE-M-223x150.jpeg 223w, https://captainaltcoin.com/wp-content/uploads/2024/12/Ge_V46aWgAAZE-M-100x67.jpeg 100w, https://captainaltcoin.com/wp-content/uploads/2024/12/Ge_V46aWgAAZE-M-520x350.jpeg 520w, https://captainaltcoin.com/wp-content/uploads/2024/12/Ge_V46aWgAAZE-M-788x530.jpeg 788w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><strong><em>Source: <a href="https://x.com/ali_charts/status/1868948341620383967" target="_blank" rel="noopener noreferrer nofollow">Ali Charts</a></em></strong>
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<p>The upper boundary of the bull flag is under pressure as buying momentum builds, indicating the potential for a breakout. If the price holds above this resistance, the stage could be set for further gains.</p>
<h2 class="wp-block-heading" id="strong-key-resistance-and-support-levels-strong"><strong>Key Resistance and Support Levels</strong></h2>
<p>Ali’s analysis identifies $2.60 as a pivotal level for XRP.&nbsp;</p>
<p>A sustained close above this point would confirm a breakout and could trigger significant price momentum. Fibonacci extension levels provide a clear roadmap for potential price targets:</p>
<ul class="wp-block-list">
 <li>Immediate levels above $2.60 include $2.67 (1.272) and $2.93 (1.618), marking short-term milestones.</li>
 <li>Higher projections include $3.63 (2.414), $3.83 (2.618), and $4.25 (3.0), aligning with Ali’s ultimate target.</li>
</ul>
<p>On the downside, support remains robust between $2.17 (0.5 Fibonacci retracement) and $2.24 (0.618 retracement). A further buffer exists at $2.34 (0.786 Fibonacci), reinforcing <a href="https://decrypt.co/297057/xrp-jumps-13-ahead-of-ripple-stablecoin-launch" target="_blank" rel="noopener noreferrer nofollow">bullish momentum</a> as long as these levels hold.</p>
<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/bitcoin-btc-price-faces-potential-correction-heres-why/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Bitcoin (BTC) Price Faces Potential Correction – Here’s Why</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-breakout-potential-and-bull-flag-setup-strong"><strong>Breakout Potential and Bull Flag Setup</strong></h2>
<p>The bull flag pattern is a key focus in Ali’s analysis. This setup is widely regarded as a bullish continuation signal, particularly when accompanied by rising volume. With XRP close to the flag’s upper trendline, it indicates growing buying interest. This may push the price in the direction of the next targets.</p>
<p>If XRP breaks out, the first target, or the 1.618 Fibonacci extension, will be $2.93. Then, the higher levels of $3.63 and $4.25 come into play, giving clear benchmarks to watch.</p>
<p>In line with Ali’s prediction that the price might rise as high as $4.25, XRP’s consolidation within the bull flag pattern prepares the ground for a possible surge. Continued strength above critical levels will be essential for this bullish trajectory to materialize.</p>
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<p>The post <a href="https://captainaltcoin.com/top-analyst-maps-xrp-price-surge-beyond-4-heres-the-outlook/" rel="noopener noreferrer nofollow">Top Analyst Maps XRP Price Surge Beyond $4 – Here’s the Outlook</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Top Analyst Maps XRP Price Surge Beyond $4 – Here’s the Outlook

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