$XRP 🟡 is reaching the final phase of a bullish flag
If this formation finishes consolidating, the cryptocurrency issued by Ripple would have a bullish "explosion" in the coming days or weeks. A bullish flag is a technical analysis pattern that culminates in an upward movement.
It is important that the macroeconomic context favors "risk" assets.
If this moment were to be illustrated, it could be said that XRP is a pressure cooker about to explode in the coming days or weeks.
The cryptocurrency issued by Ripple Labs is reaching the final phase of a bullish flag, a technical analysis figure that, as its name indicates, usually anticipates price increases. For that reason, it arouses enthusiasm among investors. What’s next for XRP?
While the most important signal that XRP needs to take off is an improvement in the macroeconomic outlook, there are other factors that could also drive an increase in its price.
One of them is the possible launch of ETF products for XRP in the United States. As reported by X., firms such as Canary Capital, 21Shares, Bitwise, Grayscale, Franklin Templeton, and CoinShares have submitted applications to the U.S. Securities and Exchange Commission (SEC) to list these products.