Summary
- An analysis said XRP’s technical indicators are showing bullish signals, with a potential rise to $2.8 by the end of this month.
- It noted that the XRP/USD daily chart broke upward from a falling wedge pattern; if the $2 support holds, there may be additional upside to $2.4 and $2.7.
- With a bull flag pattern forming on the 8-hour chart, a break above the $2.15 resistance could put the near-term target at $2.8, though a short-term pullback remains possible depending on key resistance levels and market volatility.
An analysis suggests that XRP’s technical indicators are flashing bullish signals, potentially allowing it to climb to $2.8 by the end of this month.
According to crypto-focused media outlet Cointelegraph on the 15th (local time), the XRP/USD daily chart broke upward out of a falling wedge pattern on the 1st. The move is viewed as a signal pointing to a possible medium-term trend reversal; if the $2 support level holds, the analysis said there is room for further gains to $2.4 and even $2.7.
In addition, the 8-hour chart appears to be forming a bull flag pattern. The outlet said that if XRP breaks above the $2.15 resistance level, upside momentum could strengthen, with a near-term target around $2.8.
The outlet added, however, that investors should also factor in the possibility of a short-term pullback depending on whether key resistance zones are cleared and on broader market volatility.
