XRP Forms Bull Flag Pattern—Will It Finally Break Out This Time?
XRP has formed a massive bull flag pattern and is drawing investor attention as it prepares for a historic breakout beyond the multi-year trading range it has long maintained.
According to cryptocurrency media outlet CryptoPotato on February 12 (local time), XRP’s price is strongly testing the upper boundary of a bullish channel, with analysts predicting an explosive breakout could occur soon. Market experts note that XRP’s current price action closely resembles patterns seen just before previous large-scale rallies, suggesting that this upswing may mark not merely a rebound but the beginning of a move toward new all-time highs.
From a technical analysis perspective, XRP is consolidating energy within a bull flag formation on higher time frames. Key indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are also trending upward gradually, supporting the case for a bullish market entry. Analysts widely believe that if a breakout above the channel occurs with strong trading volume, XRP could quickly surpass the $1.60 and $1.90 resistance levels in succession.
Cryptocurrency analysts agree that if XRP maintains its current bullish channel, breaking above $2 is only a matter of time. Signs of large-scale accumulation by whales have been detected, while retail investor sentiment is recovering rapidly, indicating liquidity is increasingly flowing into XRP. The formation of independent momentum for XRP, regardless of Bitcoin (BTC) price fluctuations, is also interpreted as a positive signal.
If institutional buying accelerates alongside easing legal uncertainty between Ripple and the U.S. Securities and Exchange Commission, the upside could far exceed expectations. As long as the solid support level remains intact, a substantial upward move appears inevitable. At this historic inflection point, a decisive directional move is expected to emerge within days.
Investors are closely monitoring whether XRP can break above the channel’s upper boundary and are responding swiftly, while buying pressure aimed at not missing this opportunity is firmly supporting the market’s lower range. Experts emphasize that with signals pointing to an imminent major breakout, the coming days will serve as a critical golden window determining the market’s trajectory.
Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses incurred based on it. The content should be interpreted for informational purposes only. <저작권자 ⓒ 코인리더스 무단전재 및 재배포 금지>
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