Confirmed: XRP Bull Flag Puts $5.50 Price Target on the Map
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Top crypto analyst spots XRP bull flag, eyes price targets of $5.50 (linear) up to $18-$21.60. Ripple pushes for legal clarity, arguing XRP is not a security, citing Judge Torres ruling. XRP technicals: watch $2.55 breakout (Upper Bollinger Band); RSI ~47 allows for upside. XRP is back on traders’ radar, with its chart showing a strong bull flag that could signal a major breakout, according to top crypto analyst Egrag Crypto. He’s eyeing price targets as high as $18 for XRP, based on this classic bullish continuation pattern. According to Egrag Crypto, XRP’s bull flag–a historically bullish continuation pattern–projects the following outcomes: Logarithmic approach: ~$18 Linear (Non-Logarithmic) approach: ~$5.50 Average target: ~$11.75 Accounting for typical crypto volatility and liquidity dynamics, the analyst suggests applying a 15–20% variability, pushing extended bullish targets to as high as $21.60 in the most optimistic case. #XRP – Bull Flag (Updated Version): Note : I’ve slightly adjusted the flag formation to perfectly match the current bullish setup and to estimate the measured move using different approaches. Logarithmic… The post Confirmed: XRP Bull Flag Puts $5.50 Price Target on the Map appeared first on Coin Edition .
Source: Coin Edition
