$XRP
🚨XRP Price Holds Bull Flag Breakout as Technical Structure Remains Bullish🚨
The XRP price moved above the resistance of a bull flag pattern, which often signals a continuation of an existing rally. This breakout suggests that bullish momentum is intact, with the pattern’s projected target placing XRP near the $17 mark. Based on the height of the flagpole, this price could represent a 480% increase from current levels.
Moreover, the Average Directional Index (ADX) is showing strength, signaling trend continuation after a prolonged period of weakness. The ADX has begun turning upward, indicating that momentum is returning to the bullish side after a six-month lull. This technical change aligns with rising market activity and stronger investor sentiment.
The Relative Strength Index (RSI) stands at 69, reflecting higher buying interest than selling pressure in the market. This level suggests that bullish momentum is not exhausted and may support further upward movement. RSI readings nearing overbought territory often precede sustained price advances during bull runs.