XRP, the fourth-largest cryptocurrency, had a strong year in 2024, increasing in price after winning a key lawsuit against the SEC. Now, a 'half-mast flag' pattern on the weekly chart suggests another significant breakout may be imminent. If the bullish pattern completes, XRP's market cap could reach $500 billion, making it the second-largest cryptocurrency. However, if the pattern fails, XRP's price could drop to previous lows. Analysts have various price targets for XRP, with some predicting it could reach as high as $15. On-chain data shows XRP whales are buying dips in anticipation of a rally. Currently, XRP is facing resistance at $2.35 and is trading at $2.31.
- Content Editor ( newsbtc.com )
- 2025-01-08
XRP ‘Half-Mast Flag’ Pattern Points To $500 Billion Market Cap If Bullish Trend Completes