Usman Salis
XRP is showing a rare double bull flag formation that has traders excited. This bullish pattern, combined with strong support levels and favorable RSI at 42, suggests the next major rally could be starting.
XRP Builds Momentum Above Bull Gate Zone
XRP is trading around $3.30 with a textbook double bull flag formation developing. The token has solid support at $2.90 (Fib 0.786), $2.71 (Fib 0.702), and $2.55 (Fib 0.618).
Most importantly, XRP already reclaimed the "Bull Gate" zone around $2.34, strengthening the bullish outlook. The double flag pattern typically signals continuation before the next leg higher.
XRP Price Targets: $5.38 and $10 in Sight
Technical analysis points to the Fibonacci extension target at $5.38 (1.618 level) as the first major resistance. With RSI at 42, there's plenty of room for gains before overbought conditions.
The ambitious $10 target reflects XRP's potential for explosive moves. While the token may retest $2.90 support, the overall setup suggests the path toward higher targets has begun. The breakout from the second flag could mark the start of XRP's next major rally.
Usman Salis
