🚨 Why $XRP ’s Trajectory Toward $3.50 Looks Inevitable – Here’s What’s Driving It 🚨

XRP is making waves again, with analysts predicting a 49% surge to hit $3.50 following a strong breakout from a bullish flag pattern. Here’s why XRP’s price action is poised for another rally and what signals traders should be watching.

Key Reasons XRP Could Reach $3.50

1️⃣ Bullish Flag Formation

XRP’s price action on the 4-hour chart reveals a textbook bullish flag pattern, signaling consolidation after a surge.The downward-sloping channel, combined with declining volume, hinted at an imminent breakout, which XRP confirmed after piercing $2.35.

2️⃣ XRP/BTC Double Bottom

The XRP/BTC pair showed a double-bottom pattern, historically associated with significant price reversals.Similar patterns in 2020 preceded a major rally, suggesting a potential repeat in 2024.

3️⃣ On-Chain Activity Reaches Highs

XRP Ledger’s on-chain active addresses hit new yearly highs, reinforcing bullish momentum and increased network activity.

Recent Price Action and Targets

XRP surged to $2.44 before consolidating, with a solid support level at $2.30 ensuring a stable base.Post-breakout, XRP climbed to $2.46, and analysts project a move toward $3.50, a 49% increase from the breakout point.

Early Signals Behind XRP’s Price Rally

Double Bottom Patterns: XRP’s history with double bottoms in June and November 2020 marked significant surges before facing setbacks.A similar pattern was identified in 2024, suggesting a repeat rally with initial lows in June and November setting the stage.

Key Levels to Watch

Resistance: A breakout above $2.46 with strong volume could set XRP on a clear path toward $3.50.Support: XRP’s ability to maintain its $2.30 support is crucial for sustaining bullish momentum.

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