Retail traders are opting for XRP to not miss out on the ongoing rally, and the resulting increase in buying pressure has allowed the price to surpass the resistance of a bullish flag. According to the height of the flagpole in this pattern, the price of XRP could register a rally of over 480% in the coming months, surpassing $17 if retail buyers do not reach exhaustion.
The rally starting above the resistance of this bullish flag appears solid according to the ADX indicator, which is changing its direction upwards after a sharp decline in the last six months. This indicator shows that the price increase could continue and could result in a 480% increase to $17.
Additionally, the rise in the RSI also shows that buying pressure is greater than selling pressure, and this could support another rally, considering that the value of 69 indicates that there is currently bullish momentum in play.
This bullish price forecast for XRP arises amidst growing speculation that the GENIUS Act will boost XRP's gains. The positive shift in cryptocurrency regulation in the U.S. expected in the coming months could be one of the factors driving the next bullish run of this altcoin.