Featured image from Dall-E, charts from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"
An analyst has explained how XRP could end up traveling to the $4 level if its 4-hour price can break out of a recent bull flag pattern. XRP Has Been Consolidating Inside A Bull Flag Recently In a new post on X, analyst Ali Martinez has talked about how the 4-hour price of XRP has been forming a Bull Flag recently. The “Bull Flag” here refers to a pattern in technical analysis (TA) that, as its name suggests, looks like a flag on a pole. The pattern forms whenever the asset’s price follows up a sharp uptrend with a period of consolidation towards the downside. The initial upwards move corresponds to the ‘pole,’ while the consolidation period makes up for the ‘flag.’ Related Reading: Dogecoin, XRP Flashing \u2018Overlooked\u2019 Bullish Signal, Santiment Reveals In flag patterns, this consolidation specifically happens inside a parallel channel. That is, between two parallel trendlines marking successive tops and bottoms in the price. When the trendlines are converging, the pattern is known as a pennant. The upper level of the flag can be likely to provide resistance to the price, while the lower level may act as support. A break out of either of these trendlines can imply a continuation of trend in that direction. A bull flag is considered to be a continuation pattern, so the probability of a breakout happening above the resistance level may be higher than that of the support line failing. Like the bull flag, there is also a pattern called the bear flag. This one works much in the same way, except for the fact that the pole is made by a sharp move down and the flag represents a brief phase of consolidation towards the upside. Now, here is the chart shared by the analyst that shows the bull flag that XRP has recently been traveling inside: As displayed in the above graph, the 4-hour XRP price has just seen a rise to the upper level of the bull flag consolidation channel. When the same retest occurred a couple of days ago, the asset found rejection, but it’s possible that this might be the time it finds a break. Martinez has pointed out, however, that the cryptocurrency has witnessed another signal alongside this retest: the completion of a Tom Demark (TD) Sequential sell setup. The TD Sequential is a TA indicator that basically points out probable locations of tops and bottoms in any asset’s value. It involves two phases, with the first, which is known as the setup, occurring after price observes nine candles of the same color. Related Reading: Crypto Suffers $1.6 Billion Liquidations As XRP, DOGE Down 10% XRP has finished this type of TD Sequential phase with nine green candles, meaning that the indicator is now signaling a potential reversal to the downside for the coin. As such, the analyst thinks a brief correction would happen for the cryptocurrency first, before it manages to find a break above the $0.246 resistance. Bull flag breakouts can be of a similar length as the pole, so based on this, Martinez has chosen the $4 target for XRP. XRP Price At the time of writing, XRP is floating around $2.42, up more than 4% over the last seven days. Featured image from Dall-E, charts from TradingView.com<\/p>\n","protected":false},"author":542,"featured_media":661794,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[89561],"tags":[4531,93645,93644,87392,13172,78763],"class_list":["post-661788","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-xrp-news","tag-xrp","tag-xrp-breakout","tag-xrp-bull-flag","tag-xrp-bullish","tag-xrp-price","tag-xrpusdt"],"acf":[],"yoast_head":"\n
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Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.","sameAs":["https:\/\/www.linkedin.com\/in\/keshavverma29\/","https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29"],"url":"https:\/\/ktsl888.com\/author\/hououinkyouma29\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"XRP Bull Flag Breakout Could Lead Price To $4, Analyst Says","url":"http:\/\/ktsl888.com\/xrp-news\/xrp-bull-flag-breakout-lead-price-4-analyst\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/xrp-news\/xrp-bull-flag-breakout-lead-price-4-analyst\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/xrp_f527fe.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/xrp_f527fe.png?fit=1792%2C1024"},"articleSection":"XRP News","author":[{"@type":"Person","name":"Keshav Verma"}],"creator":["Keshav Verma"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["xrp","xrp breakout","xrp bull flag","xrp bullish","xrp price","xrpusdt"],"dateCreated":"2024-12-13T05:30:23Z","datePublished":"2024-12-13T05:30:23Z","dateModified":"2024-12-13T05:30:23Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"XRP Bull Flag Breakout Could Lead Price To $4, Analyst Says\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/xrp-news\\\/xrp-bull-flag-breakout-lead-price-4-analyst\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/xrp-news\\\/xrp-bull-flag-breakout-lead-price-4-analyst\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/12\\\/xrp_f527fe.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/12\\\/xrp_f527fe.png?fit=1792%2C1024\"},\"articleSection\":\"XRP News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Keshav Verma\"}],\"creator\":[\"Keshav Verma\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"xrp\",\"xrp breakout\",\"xrp bull flag\",\"xrp bullish\",\"xrp price\",\"xrpusdt\"],\"dateCreated\":\"2024-12-13T05:30:23Z\",\"datePublished\":\"2024-12-13T05:30:23Z\",\"dateModified\":\"2024-12-13T05:30:23Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/12\/xrp_f527fe.png?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/661788","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/542"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=661788"}],"version-history":[{"count":4,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/661788\/revisions"}],"predecessor-version":[{"id":661976,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/661788\/revisions\/661976"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/661794"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=661788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=661788"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=661788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"XRP](\"https:\/\/pbs.twimg.com\/media\/GemU9tGXEAE53hH?format=jpg&name=4096x4096\")