#rxp #Xrp🔥🔥 Looking at the daily chart (1D) of the XRP/FDUSD pair, the price is indeed showing characteristics similar to a bull flag, but there are some points that deserve attention:

What I see on the chart:

1. Previous movement (flagpole):

XRP made a strong rise from around ~2.00 to ~3.66.

This vertical movement is typical of the 'flagpole' of the flag.

2. Lateral/descending correction (shape of the flag):

After the high at 3.66, the price entered a descending channel, respecting a downward trend line (inverted LTA).

This LTB is visible through the 40-period moving average (yellow), which has been acting as dynamic resistance.

The price is now squeezed between the 40 MA (resistance) and the 7 MA + support at approximately 3.10.

3. Moving averages (MA 7 and 40):

The price is above the MA40 (3.108), which is positive.

However, there has not yet been a clear breakout of the descending trend line.

4. MACD:

It is almost neutral, but still slightly negative (MACD: -0.0280), indicating a lack of buying strength to confirm the breakout.

5. Volume:

Volume has decreased during the correction → this is consistent with the bull flag pattern, as the market rests before attempting a new breakout.

Possible scenarios:

Bullish (flag breakout):

If the price breaks the LTB / MA40 (~3.20 - 3.25) with volume, it may confirm the flag and target the region of 3.38 → 3.66 again.

Target 1: 3.38 (local top)

Target 2: 3.66 (previous high)

Target 3 (flag projection): close to 4.20

Bearish (flag failure):

If it loses 3.09 (daily low), it may test 2.82 – 2.62 (previous support).

Losing the MA40 would be a sign of weakening.

✅ In summary:

The shape indeed resembles a bull flag.

The price is at a decisive point: break the LTB or lose the support at 3.09.

Volume will be key to confirming the breakout.