Bull Flag

<ul>
 <li>XRP is forming a significant bull flag, signaling a potential strong breakout.</li>  
 <li>The last similar pattern led to a 60,000% surge, raising trader excitement.</li>  
 <li>The 4.236 Fibonacci extension suggests a potential XRP target of $16 this cycle.</li> 
</ul>  
<p><a href="https://cryptonewsland.com/is-ripple-xrp-on-the-brink-of-a-major-breakout/" target="_blank" rel="noopener noreferrer nofollow">Ripple’s (XRP)</a> is currently forming what could be the largest bull flag in crypto history. This pattern has traders excited, considering XRP’s explosive 60,000% surge in just 240 days back in 2017.&nbsp;</p>  
<p>Now, XRP has been trading below its <a href="https://cryptonewsland.com/xrp-analysts-debate-next-bull-run-ath/" target="_blank" rel="noopener noreferrer nofollow">ATH of $3.84</a> for a staggering 2,424 days. With a 4.236 Fibonacci extension pointing to $16, it’s no wonder speculation is mounting.</p>  
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<h2 class="wp-block-heading" id="h-the-bull-flag-xrp-s-path-to-explosive-growth">The Bull Flag: XRP’s Path to Explosive Growth</h2>  
<p>A <a href="https://www.investopedia.com/stock-analysis/cotd/answ20090105.aspx" target="_blank" rel="noopener noreferrer nofollow">bull flag</a> is a technical chart pattern that signals the potential for a strong upward breakout. In XRP’s case, this pattern is more than just technical—it’s historical.&nbsp;</p>  
<p>The last time XRP saw a similar setup, it went from $0.006 to $3.84, turning early investors into millionaires. History doesn’t always repeat, but it sometimes rhymes. XRP’s current setup suggests a similar breakout could be on the horizon.</p>  
<h2 class="wp-block-heading" id="h-fibonacci-extension-hints-at-a-16-target">Fibonacci Extension Hints at a $16 Target</h2>  
<p>The 4.236 Fibonacci extension is a critical level many traders are watching. This extension is derived from mathematical ratios used in technical analysis to predict potential price targets.&nbsp;</p>  
<p>For <a href="https://coinmarketcap.com/currencies/xrp/" target="_blank" rel="noopener noreferrer nofollow">XRP</a>, this level suggests a price of $16 could be within reach this cycle. Given XRP’s track record and the current market sentiment, hitting $3.84, its previous ATH, seems increasingly likely.</p>  
<p>If the pattern plays out as expected, XRP could be poised for another explosive move that could propel it to new heights. The data is in, and the signs are clear: XRP might just be gearing up for a historic run.</p> 
<p>The post <a href="https://cryptonewsland.com/xrp-bull-flag-indicates-potential-explosive-growth/" rel="noopener noreferrer nofollow">XRP’s Bull Flag Pattern Signals Explosive Growth: $3.84 ATH Within Reach?</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

XRP’s Bull Flag Pattern Signals Explosive Growth: $3.84 ATH Within Reach?

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