Alright team, let's break down this juicy $XRP chart and see what's cooking on the long-term view. This weekly setup has major implications for the rest of the cycle!
The $XRP/USDT weekly chart is displaying a textbook Bullish Flag formation, which typically signals a massive continuation of the primary trend. The price has corrected approximately 50% of the initial move and is currently testing and holding the critical ascending trendline support near $1.87. If we maintain above this level, the next target is the flag resistance, with a long-term measured move aiming for $4.0000.
Key downside protection must be placed below the structural support at $1.6129. Failure to hold the trendline could briefly test this lower band, which would represent the final accumulation zone before liftoff.
Fundamentally, Ripple is stronger than ever. The significant legal clarity achieved against the SEC has fundamentally de-risked the asset, making it highly attractive for large institutional flows. Furthermore, the ongoing expansion of the XRPL ecosystem, including crucial DeFi and CBDC initiatives, continues to drive strong utility and long-term value for the token.
Action Plan: I am treating the $1.80 - $1.90 area as a high-conviction accumulation zone for patient holders. Patience here will be rewarded when the volume finally breaks the upper flag resistance.
Highly recommend HOLD and Stacking $XRP at Binance
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#XRP #Ripple #BullishFlag #TechnicalAnalysis #Crypto #BinanceSquare #Bitcoin
