Mr.Abrash

06/08 15:55

XRP Price: Bull Flag Set Targets $17, $21, and $27

XRP Price: Bull Flag Set Targets $17, $21, and $27

The EGRAG chart shows XRP price breaking out of a descending consolidation channel. The move mirrors a classic bull flag: the energy pent up during a pullback is released in a new vertical move. Taking inspiration from the fast-moving elite hypaspist units of Alexander’s army, the analyst argues that XRP is poised to quickly pump and suddenly dominate volume spikes.

Momentum indicators partially agree. Trading volume is up 77% in the twenty-four hours, and a confirmed break above $2.50 could open the door to the $17-$27 zone. However, skeptics point out that XRP still has to overcome stiff resistance at $4, a level that many believe only a spot ETF approval could break. Without that catalyst, the next leg of the rally could stall around the mid-single digits.

 The Ripple crowd loves ambitious calls, but the jump from $2 to $27 is testing patience. Optimists praise the data-driven EGRAG thesis and the expected SEC decision on several XRP ETFs, where the odds of approval recently reached 93% on Polymarket prediction market. Pessimists counter that previous bull flag predictions have failed, warning that volume spikes could disappear as quickly as they appear. 

While the debate continues 

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