Ripple's XRP has been rallying and is testing the upper boundary of a key flag channel. Profit-taking by investors has reached nearly $800 million, which may slow down XRP's bullish momentum. Weekly active addresses for XRP have declined, signaling less on-chain activity and investor interest. However, options traders are betting on XRP reaching $5, with the $5 call being the second-most traded XRP option. XRP is forming a bull flag pattern, and if it sustains high volume above the upper boundary of the flag channel, it could continue its rally with a profit target near $4.75. Resistance near the $3.00 psychological level must be overcome for this move to occur. If XRP closes below $1.35, it could invalidate the bullish thesis and drop towards $0.93.



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