#BinanceTournament Can XRP price rise to $1 resistance in 2024?

Following Bitcoin, whose price is approaching the $44,000 range, XRP also began to move up. Over the past 24 hours, the token has gained 2.1% with a weekly plus of 9%.

Part of its rise is due to rising funding rates in futures markets, signaling increased bullish speculation. This unexpected rise has fueled speculation that XRP could hit the psychologically important $1 mark in 2024.

On the monthly chart, XRP has formed what could be the most significant bull flag since its 2018 peak at $3.84. Even though Ripple faced a lawsuit with the SEC in 2020 preventing a price recovery, XRP's overall performance still led to this bullish pattern.