Flag Pattern in XRP Price Above Accumulation Zone Points to $5 Target

The cryptocurrency analyst Babenski declared that the price of XRP is about to break out. He highlighted a bullish pattern that is forming, which could trigger a rise to a new all-time high (ATH). In a post on TradingView, Babenski revealed that the price of XRP is forming a small flag pattern above a large previous accumulation zone. The analyst added that it seems a breakout could happen soon, and his chart indicated that the altcoin could rise to $5 during this breakout, marking a new ATH.#IsraelIranConflict

The cryptocurrency analyst Dark Defender also recently predicted that the price of XRP could rise above $5 in Wave 5 of the upward impulsive movement. He noted that the altcoin has been declining since January 17 of this year and that the support level is rising. In line with this, the analyst noted that there is an intersection now and stated that this is where XRP will decide within two weeks. His chart indicated that the price of XRP could reach $5.8563 in this upward movement. In another post, he stated that the altcoin is already on its way to a new all-time high.#CryptoRoundTableRemarks

The cryptocurrency analyst Egrag Crypto also highlighted that XRP was at a crossroads and could make an important move soon. In his latest analysis, he stated that XRP is at a critical point with a breakout from an important formation. The analyst commented that the odds are about 70% to 80% for a breakout upward and 20% to 30% for a downward movement. He added that the breakout will likely be triggered by some fundamental news and that the chart suggests this news is imminent. It is expected that these fundamentals will be strong enough to break key resistance levels.

In a post, cryptocurrency analyst CasiTrades stated that things are about to get exciting for the price of XRP. She noted that the entire consolidation structure is reaching its final moments. With the price stagnant and momentum dormant, she said this is exactly how major market moves are born. CasiTrades mapped extensions from sub-wave 2 from the recent local bottom. She stated that if this was indeed the bottom of Wave 2, then the measured extension projects bullish targets. These targets align in the macro zone of $8 to $13, which she has been highlighting for over a year. The analyst noted that this type of alignment between structure, timing, and Fibonacci extensions is rare, which is why everyone should be optimistic about the price of XRP. At the time of writing, the price of XRP is trading around $2.29, down in the last 24 hours, according to CoinMarketCap data $XRP