Saad Ullah
⬤ XRP is showing signs of a classic bull flag pattern—a technical setup that often signals another strong move up is coming. The pattern suggests that while most traders are sitting on the sidelines, the chart is quietly building momentum for a potential breakout. Technical analysts tracking XRP are starting to take notice.
⬤ The bull flag structure has three key phases: a sharp rally (the flagpole) driven by strong buying, a sideways consolidation channel where price moves between parallel lines, and a potential breakout that continues the uptrend. This kind of pattern is typically viewed as a breather—traders digest gains before the next leg higher kicks in.
⬤ While bull flags usually favor continuation to the upside, there's a catch. If XRP breaks below the lower boundary of the flag on heavy volume, the pattern fails. Traders need to wait for a confirmed breakout—backed by strong momentum and rising volume—before jumping in. Entering too early can lead to fakeouts and quick pullbacks, which are common during consolidation phases.
⬤ Right now, XRP is still trading inside its rectangular consolidation zone, holding steady after its earlier rally. A clean break above the flag's upper resistance could kick off the next bullish wave and confirm what the technicals have been hinting at. The key is watching for that confirmation—because until then, it's just setup, not execution.
Saad Ullah
