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<p>Ripple’s native cryptocurrency XRP has been showing strong price action recently with another attempt on Saturday to breach past the crucial resistance of $0.65. However, the <a href="https://www.thecoinrepublic.com/price-prediction/xrp/" rel="noopener noreferrer nofollow">XRP</a> price sees some rejection there forming another base at $0.60 levels. This is the third time that cypto is seeing rejection at $0.56 within a months time, however, analysts continue to stay bullish for the Ripple cryptocurrency.</p>
<h2 class="wp-block-heading" id="h-xrp-price-ready-for-largest-bull-flag-in-history">XRP Price Ready for Largest Bull Flag in History</h2>
<p>Popular handle Good Morning Crypto on the X platform, recently shared a chart explaining how XRP is gearing up for the largest bull run ahead in the next year 2025. The analyst recalled the 2017 bull run when the price surged by a staggering 60,000% moving all the way from $0.006 to an all-time high of $3.84.</p>
<p>It’s been nearly 2,424 that the XRP price has been trading much below its all-time high levels, especially due to the <a href="https://www.thecoinrepublic.com/2024/08/14/ripple-vs-sec-judge-torres-ruling-to-guide-future-crypto-cases/" rel="noopener noreferrer nofollow">legal battle</a> surrounding Ripple and SEC over the past four years. However, with the lawsuit proceeding towards settlement, the current state of XRP brings major legal clarity surrounding the altcoin.</p>
<p>Currently, the technical analysis points to a possible 4.236 Fibonacci extension, which could see it reaching $16 in the current cycle, noted the analyst. As the crypto community buzzes with predictions, the big question remains: What will XRP’s peak price be in 2025?</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> Is <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$XRP</a> Forming The Largest Bull Flag In Crypto History?<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4a5.png" alt="💥" class="wp-smiley" style="height: 1em; max-height: 1em;"> — THE DATA IS IN !!<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>Remember when <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> soared 60,000% in 240 days, going from $0.006 to $3.84? <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$XRP</a> has been trading Below All Time High ($3.84) for 2,424 days &amp; counting!<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/23f3.png" alt="⏳" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>A 4.236 Fibonacci extension takes us… <a href="https://t.co/pjFA3Rq8I0" rel="noopener noreferrer nofollow">pic.twitter.com/pjFA3Rq8I0</a></p>— Good Morning Crypto (@AbsGMCrypto) <a href="https://twitter.com/AbsGMCrypto/status/1827364069105336599?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 24, 2024</a>
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<p>However, before the mega bull rally, the XRP price first needs to cross $0.65 convincingly which would open thee gates for further rally to $1 in the near term.</p>
<h2 class="wp-block-heading" id="h-odl-could-be-a-major-catalyst">ODL Could Be A Major Catalyst</h2>
<p>Despite its legal battle with the US SEC over the past four years, Ripple has continued to push further its on-demand liquidity (ODL) solution in the international markets that involves the use of XRP as a liquidity provider for instant cross-border settlements. Many nations like Japan and some in the Middle East have benefitted from Ripple’s ODL solution.</p>
<p>Market analysts expect that with further clarity in the SEC lawsuit, Ripple’s ODL solution can find some ground in the US market as well. Popular X handle Mickle explains how this solution could have a strong positive impact on the price of XRP. He also explains how the US SEC won’t further appeal the XRP case following the recent $125 million settlement between the two parties.</p>
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   <p lang="en" dir="ltr">ODL will increase the price of XRP *FACT* <a href="https://t.co/6TcaU0vu64" rel="noopener noreferrer nofollow">pic.twitter.com/6TcaU0vu64</a></p>— mickle (@xrpmickle) <a href="https://twitter.com/xrpmickle/status/1827085553193644407?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 23, 2024</a>
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<p>The post <a href="https://www.thecoinrepublic.com/2024/08/25/xrp-price-setup-for-largest-bull-flag-in-history-16-coming/" rel="noopener noreferrer nofollow">XRP Price Setup For Largest Bull Flag In History, $16 Coming?</a> appeared first on <a href="https://www.thecoinrepublic.com" rel="noopener noreferrer nofollow">The Coin Republic</a>.</p>

XRP Price Setup For Largest Bull Flag In History, $16 Coming?

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