📈 Bullish Flag Pattern on $XRP : A Strong Opportunity on the Way!
I have previously mentioned this pattern in a previous post about $XRP , and now we see an evolution of this pattern through the continued formation of the flag as a corrective channel through the decline that occurred in the past days after the strong rise, reflecting the continuation of the positive momentum in the market.
📰 One of the important news that may also be positive is the Federal Reserve meeting on the 18th of this month, and the possibility of a rate cut is high.
🎯 Price Targets:
• First Target: $4.07
• Second Target: $4.2
🔑 Conditions for Confirming the Pattern:
• Daily close above the $2.41 level.
• A clear breach of the upper trend line of the flag at the $2.46 level.
• Breaking the resistance at $2.62, which is an important resistance, will be a strong signal for the continuation of the upward trend.
• Increase in trading volume to support the upward momentum.
Do you think $XRP will reach $4? Share your opinion in the comments! 💬