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XRP Completes Bullish Flag Pattern—What's Next?

Bullish flag patterns, which indicate possible upside, are drawing attention to XRP in the crypto market. After a big price spike, a flag-shaped consolidation phase ensued. Such patterns are usually seen as continuation indications, suggesting that recent gains may restart provided certain conditions are satisfied.

The Bullish Flag: XRP's Pattern Analysis

Bullish flag patterns are dependable technical continuation signals, signaling upward potential. This pattern has drawn attention to XRP because it suggests a future uptrend.

XRP's price jumps, generating a “flagpole” due to bullish momentum and volume. Following this, the price consolidates in a small range, usually downward or sideways. A consolidation halt in the rally lets the market absorb gains. It shows resilience, indicating selling pressure is controllable and the bullish trend may return.

The pattern is confirmed when the price breaks out above the flag's upper border and resumes its upward trend. Breakouts indicate fresh buying interest and the possibility for higher prices