Forecast $XRP : Rally Prospects

At the time of writing this analysis, XRP is trading at $2.57, having decreased by just over 5% in the last 24 hours. Meanwhile, a 'bull flag' is observed on the daily chart of the cryptocurrency. This pattern consists of two rally periods separated by a short consolidation.$XLM $PEPE

In the chart below, it can be seen that Ripple is ready to break above the upper trendline of the pattern. If it succeeds, the token will have a chance to soar to the $3.50 level in the near future.

However, increased selling by whales threatens to nullify this forecast. In that case, XRP is likely to fall below the lower line of the 'flag' and retreat to $1.98.#2024withBinance