XRP's bullish flag pattern suggests a potential breakout toward $3.09. With support holding at $2.9387, the path to $3.0929 seems plausible. Let's break down the trade setup:
- Entry: $2.9786
- Stop Loss: $2.9387
- Target: $3.0929
Technical Analysis:
- Bullish Flag: A classic continuation pattern, indicating potential upside momentum.
- Support: $2.9387 is a crucial level to watch, as a breach could signal a trend reversal.
Price Predictions:
- 2025: $3.61 (average), $5.89 (potential high)
- 2030: $10.89 (average), $20.89 (potential high)
Market Outlook:
XRP's price movement is influenced by Ripple's ongoing legal battle with the SEC. A favorable outcome could boost XRP's price, while an unfavorable ruling might lead to further consolidation.