XRP is predicted to rise to $4.9, spurred by a technical pattern called a bull flag and the 1-Day 50 Moving Average (MA) acting as a bullish signal. Crypto analyst Dr. Dovetail believes this setup might push XRP to new All-Time Highs (ATH) by 2025.
The 50-day MA, marked in orange on Dr. Dovetail's TradingView chart, aligns with the lower boundary of a bull flag pattern. This pattern signifies a period of price consolidation following a significant upward move, setting the stage for a potential breakout.
Historically, consolidation near strong moving averages like the 1-day 50 MA indicates possible price surges. Based on these indicators, Dr. Dovetail anticipates XRP might reach $4.93, potentially before February 2025.
XRP currently trades at $2.41 and remains the third-largest cryptocurrency by market cap, despite ongoing volatility and consolidation. The Stochastic RSI suggests XRP is oversold, supporting the expectation of a breakout.
