Crypto analyst Dark Defender has identified a potential "bull flag" pattern in the daily XRP chart, suggesting XRP prices might rise sharply. This pattern, characterized by a steep price rise followed by a narrow consolidation phase, could lead to a breakout upward.
XRP's current resistance level is $0.7496; if breached, the price could target $1.03. The analysis also considers the overbought Relative Strength Index (RSI), indicating either a momentum-driven breakout or possible short-term consolidation.
Fibonacci levels play a role, with $0.6649 surpassed, suggesting weaker resistance until $1.03. The analyst clarifies this is a personal expectation, not financial advice, emphasizing that these dynamics rely on key price movements and technical indicators.
XRP is trading at $0.7086 as of the last report.
