ANALYST NOTES POSSIBLE XRP BULL FLAG TARGET ZONE.

A crypto market observer, Steph Is Crypto, recently shared an outlook for XRP/USDT on the 3-day chart, mentioning an expected “bull flag target zone.”

📊 Chart Overview

The chart showed a strong upward rally (flagpole) followed by a descending parallel channel (flag). This classic continuation pattern was highlighted with several Fibonacci extension points indicating potential price levels if XRP breaks upward.

Key Technical Price Levels

1.618 Fib → around $3.59

2.0 Fib → about $3.98

2.618 Fib → near $4.63

3.618 Fib → roughly $5.67

4.618 Fib → close to $6.70

These levels were marked as possible resistance or consolidation zones once a breakout occurs.

Pattern Significance

The flagpole represents the sharp upward push.

The flag (sloping channel) shows price consolidation.

Breakout from this setup often continues the previous bullish move.

Fibonacci extensions provide checkpoints for where XRP could face hurdles or pauses on the way up.

Factory That Could Support a Breakout

Overall crypto market trend, especially Bitcoin’s direction.

More institutional participation and trading products.

Increased on-chain activity (transactions, wallets).

Positive regulatory updates or bank/finance adoption.

Shifts in derivatives (OI, liquidations) adding rally momentum.

⚠️ Risks to Keep in Mind

Technical patterns don’t always play out.

Regulatory news, liquidity shocks, or macro events can alter outcomes.

Fibonacci targets are potential zones, not guaranteed milestones.

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