Fun

XRP Price Forms Flag Pattern Above Accumulation Zone That Points To $5 Target

News Feed - 2025-06-12 08:06:45

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.


Crypto analyst Babenski has declared that the XRP price is breaking for a breakout. The analyst highlighted a bullish pattern that was forming, which could spark a rally to a new all-time high (ATH).  XRP Price Forms Flag Pattern Which Points To $5


In a TradingView post, Babenski revealed that the XRP price is forming a small flag pattern above a previous big accumulation zone. The analyst added that it looks like a breakout could happen soon. His accompanying chart showed that the altcoin could rallyto as high as $5 on this breakout, which would mark a new all-time high (ATH).  Source: Babenski on Tradingview


Crypto analyst Dark Defender also recently predictedthat the XRP price could rally above $5 on Wave 5 of the impulsive move to the upside. He remarked that the altcoin has been descending since January 17 this year and that the support level is increasing. In line with this, the analyst noted that there is an intersection now. Dark Defender declared that this is where XRP will decide within two weeks.  Related Reading XRP Price Forms Flag Pattern Above Accumulation Zone That Points To $5 Target 55 minutes ago


His accompanying chart showed that the XRP price could hit $5.8563 on this move to the upside. In another X post, he affirmed that the altcoin is already on its way to a new all-time high. Crypto analyst Egrag Cryptoalso highlighted the fact that XRP was at a crossroads and could make a major move soon. 


In his most recent analysis, he stated that the XRP is at a critical juncture with a major formation breakout. The analyst remarked that the probabilities are about 70% to 80% for an upside breakout and 20% to 30% for a downside move. He added that the breakout is likely to be triggered by some fundamental news and that the chart hints that this news is imminent. These fundamentals are expected to be strong enough to break through key resistance levels.  Things Are About To Get Exciting For XRP


In an X post, crypto analyst CasiTrades declared that things are about to get exciting for the XRP price. She noted that the entire consolidation structureis reaching its final moments. With price at a standstill and momentum dormant, she said that this is exactly how large market moves are born.  Related Reading What Happens To The XRP Price If The 2017 Fractal Plays Out Again? 5 days ago


CasiTrades mapped out subwave 2 extensions from the recent local low. She stated that if that was indeed the Wave 2 bottom, then the measured extension projects upside targets. These targets align in the $8 to $13 macro zonewhich she has been highlighting for over a year. The analyst noted that this kind of alignment across structure, time, and Fibonacci extensions is rare, which is why everyone should be macro bullish on the XRP price. 


At the time of writing, the XRP price is trading at around $2.29, down in the last 24 hours, according to datafrom CoinMarketCap. XCRP trading at $2.32 on the 1D chart | Source: XRPUSDT on Tradingview.com Featured image from Getty Images, chart from Tradingview.com

News Feed

XRP Price In Motion: Analyst Reveals The Next Major Supports And Resistances
Este artículo también está disponible en español. With the XRP price set to make its next move, crypto analyst Dark Defenderhas revealed the next major support and resist
TON Network TVL surpasses $760M — Is this bullish for TON price?
Marcel Pechman8 hours agoTON Network TVL surpasses $760M — Is this bullish for TON price?Investors’ excitement over airdrops and other incentives fueled TON Network’s TVL, but how sustainable is this strategy?1466
History suggests Bitcoin poised for rebound in July
Tom Mitchelhill4 hours agoHistory suggests Bitcoin poised for rebound in JulyBitcoin tends toward strong performance in July, but Mt. Gox is dampening optimism for a recovery.5041 Total views19 Total sharesListen to arti
Prashant Jha4 hours agoBIS thinks DeFi has no use cases, but CZ is bullish: Finance RedefinedBinance CEO Changpeng Zhao says DeFi will outpace CeFi in the next bull run, but the Bank for International Settlements is skep
Bitcoin Officially In Overheated MVRV Zone, Rally End Near?
Este artículo también está disponible en español. On-chain data shows Bitcoin has recently surpassed a level of the Market Value to Realized Value (MVRV) Ratio that has h
Panama President Mulls Crypto Bill Approval Due to Money Laundering Concerns
Panama President Mulls Crypto Bill Approval Due to Money Laundering Concerns The president of Panama, Laurentino Cortizo, has declared he will not sign the recently approved crypto
LZ Lending Innovates and Integrates Peer2Peer Into Platform
LZ Lending Innovates and Integrates Peer2Peer Into PlatformLZ Lending, London’s premier cryptocurrency Peer 2 Peer lending solutions, announces the official launch of their ne
Popular Radio Presenter Suspended for Alleged Ties to Bitcoin Scam
Popular Radio Presenter Suspended for Alleged Ties to Bitcoin Scam South Africa’s national broadcaster has suspended one of its employees that is accused of convincing unsus
Martin Shkreli-led Trump memecoin DJT plummets 95%
Ezra Reguerra1 hour agoMartin Shkreli-led Trump memecoin DJT plummets 95%Roger Stone, a close aide to Trump, previously denied any involvement of the former president or his son with the TrumpCoin memecoin.630 Total view
Derek Andersen4 hours agoHata receives in-principle approval to be fifth Malaysian digital exchangeThe new exchange was founded by an executive from Malaysian market leader Luno. It will target investors, businesses, and
Slow and Empty Blocks With a Mysterious Message – ABC’s New Chain Off to a Rocky Start
Slow and Empty Blocks With a Mysterious Message - ABC"s New Chain Off to a Rocky Start On November 15, 2020, the Bitcoin Cash blockchain experienced a network up
Amaka Nwaokocha1 hour agoBiden administration launches AI cybersecurity challenge to ‘protect Americans’With an allocation of nearly $20 million in rewards, the AI Cyber Challenge brings together prominent AI enterpr