$XRP $BTC $SOL , Why does the XRP price look simply over $3.50?

The XRP price on the 4-hour timeframe showed a classic bullish flag pattern, indicating a consolidation phase after a significant rise.

Initially, XRP rose sharply, reaching a peak of $2.44 before entering a consolidation phase and forming a downward channel, suggesting a bullish flag formation.

The pattern, characterized by its tight price movements and decreasing volume, indicated potential for another upward trend.

XRP slightly broke through the upper boundary at $2.35, confirming the bullish sentiment. After the breakout, the XRP price quickly rose to $2.46.

Analysts from World of Charts noted the pattern and the increase in volume during the breakout, anticipating a potential target of $3.50, predicting a rise of nearly 49% from the breakout point.

An important support level was established at $2.30, which XRP maintained throughout the consolidation, securing a stable base for the upcoming price increase.

This suggests that XRP is on the brink of a bullish phase, with significant gains of over 49% expected if the momentum continues.