XRP Price Prediction: $18 Target as Bull Flag Signals Breakout
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EGRAG CRYPTO, an independent market technician, predicts a significant XRP price surge, with a potential target of $18. Their analysis centers on a bullish flag pattern identified on the XRP/USD chart, using Bitfinex data. This pattern suggests a continuation of the upward trend observed since July 2024. The analyst highlights a 67-70% probability of an upward breakout, supported by pattern recognition studies. Currently trading near $2.30, XRP finds support at the $1.50 breakout shelf and a base near $0.60. A rising 20-week EMA reinforces the positive long-term trend bias. Three price targets are presented: $18 (logarithmic projection), $5.50 (linear projection), and $11.75 (liquidity-adjusted average). A 15-20% variability band is applied due to the relatively thin liquidity in crypto markets, resulting in adjusted targets ranging from roughly $6.33-$6.60 to $20.70-$21.60. The analyst emphasizes that these figures are for simulation purposes and not financial advice. The key to this prediction hinges on XRP maintaining its position above the $2.30 mid-flag zone and the $1.50 structural pivot. A successful breakout above the current resistance could propel XRP towards the 0.5 and 0.618 Fibonacci retracement levels at $2.50 and $2.71, respectively. The analysis underscores the potential for XRP to reach double-digit territory.
(Source: https://www.newsbtc.com/xrp-news/xrp-bull-flag-targets-18-analyst-70-chance/)
