XRP Price Forms Largest Bull Flag Ever With 25x Forecast To $16

The XRP price has struggled in recent years owing to Ripple's dispute with the SEC, yet the community still supports it. Numerous positive forecasts that the cryptocurrency would rebound and restore its glory have occurred. The newest is from the 3T Warrior Trading Academy account on X, anticipating double-digit altcoin prices.

Biggest Crypto Bull Flag Ever

In the X (previously Twitter) piece, the research highlights an XRP price chart development. This 2017 triangular shape suggests a bull flag. Because of how long the pattern has been growing, the analyst thinks this may be the biggest bull flag in crypto history.


They note that this is not the first time XRP might surge significantly. In 2017, the cryptocurrency rose 60,000% from $0.006 to $3.84. Due to its enormous size, XRP may not be able to rise as far, but the analyst thinks it might rally.

When it formed, the XRP price rallied in 240 days. In the 2021 bull market, Ripple's SEC caused the altcoin's price to derail. This has caused the altcoin's price to consolidate below its all-time high for over 2,400 days. This is why formation took so long.

The altcoin's ability is attributed to the Fibonacci extension. If the Fibonacci extension hits 4.236, the analyst expects XRP to reach $16. This would enhance its value by 2,566% from $0.6.

Another Reason XRP Could Rise
The XRP price chart shows potential, but other variables might push the cryptocurrency to new highs. With Ripple ordered to pay $125 million to the SEC, the dispute is nearing its conclusion. As the regulator appeals, the market awaits the conclusion.


According to Ripple CEO Brad Garlinghouse, the litigation should finish this year. If this occurs, the XRP price might rise without regulatory monitoring securities complaints.

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