On the $XRP currency chart on the 4-hour frame, we notice the formation of a bullish flag pattern, where the ascending channel within which the price is trading represents a corrective movement after a strong rise. The pattern shows strong support at the 2.25 level and resistance at 2.91.
Expected scenario:
The MACD indicator on the 4-hour frame shows that the averages are approaching a positive intersection, indicating a possible bullish reversal.
The RSI indicator on the 4-hour frame shows oversold conditions, which supports the possibility of a breakout upwards.
The bullish trend on the daily frame,
When the price breaks the resistance at 2.5, the pattern's target will be 3.5.
