XRP is on the way to its positive price trajectory and is experiencing a surge in its price with the overall market. XRP is currently trading inside a bullish flag pattern, which often leads to a bullish reversal. A successful breakout with the growing investor confidence in the crypto space may lead XRP toward the maximum profit zone around $4.10.
At the time of writing, XRP is trading at $3.01 with a 24-hour trading volume of $6.46 million and a market capitalization of $178.88 billion. The XRP price over the last 24 hours is up by 2.48%, and over the last week, it is also up by $178.88 billion, with a high potential for the next major rally.
XRP Bullish Flag Signals Breakout Toward $4.10
A prominent crypto analyst revealed that XRP has shown resilience again on the daily chart, on which analysts have noticed the formation of the typical bullish flag formation. Considered classically as a continuation indicator, the formation suggests that XRP could be preparing for a massive move ahead of its recent consolidative phase. Price action has been winding itself up inside a very tight range, which means volatility has been building up for a conclusive breakout.
Technical analysts are monitoring this formation closely as XRP approaches its upper trendline. Previously, such compressions have been followed by sharp increases, as buyers will be set to overcome resistance when momentum shifts. A confirmed breakout could spark a sharp short-term recovery and garner renewed interest from retail and professional traders alike.
This breakout clearly defines the potential upside targets. The first significant level is $3.6234, a horizontal resistance line that XRP must regain if bullish momentum is to persist. The levels at $3.8608 and $4.1066 form an extremely strong zone and likely provide the best confirmation yet of continued bullish momentum.
The market outlook for XRP has continued to improve with hope in the overall crypto space and for Ripple as it keeps gaining ground on adoption and regulatory fights. As price and momentum indicators converge, the next break for XRP promises to be explosive, and everything now rests on whether bulls can propel the token up to the $4 figure in upcoming sessions.
