XRP between opposing forces: Technical analysis reveals bullish scenario and risk of decline?!?!
XRP is at a decisive point, with two contrasting technical formations dividing analysts' attention. While a breakout of a 'bull flag' signals potential for a new upward movement, a bearish pennant pattern raises correction alerts.
On one side, the breakout of a bullish flag (bull flag) suggests that XRP may be about to initiate a new upward movement. This pattern is generally seen as a temporary pause before the continuation of the previous upward trend. If confirmed, analysts point to a potential appreciation with an initial target of $3.20, possibly reaching up to $5.00 if the volume supports the movement.
On the other hand, a more conservative analysis detected the formation of a bearish pennant (bearish pennant), a pattern that historically precedes corrections. Losing support in the $2.09 region could lead the price to test zones between $1.70 and $1.75, representing a possible retracement of up to 15%. The presence of indicators such as RSI in decline and selling pressure from large holders reinforces this risk.
With XRP fluctuating around $2.10, the market awaits definitions. The confirmation of either pattern could indicate the direction of the next movement.
📊 Trend summary:
• Uptrend if the bull flag is confirmed: Target at $3.20 and $5.00
• Downtrend if the pennant is confirmed: Support at $1.70
• Current critical zone: $2.09–2.18
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