XRP has notably underperformed top cryptos recently, but technical analysis suggests a rally may be brewing. According to altFINS, XRP is forming a bullish continuation pattern that could spark a breakout.
The bull flag formation occurs after a strong advance and marks a period of consolidation before an uptrend resumes. altFINS sees indicators turning bullish again with a bullish MACD crossover imminent.
If XRP sees a high-volume breakout above $0.68 resistance, that would confirm the bull flag and open the door for prices to surge toward the next target at $0.92 – July’s peak. Stop loss is noted at $0.53.
With XRP still in a medium and long-term uptrend, this bull flag signals conditions are building for the next leg higher. The altFINS analysis makes the bull case for a major XRP price surge if key levels are surmounted.
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