Thursday, July 31, 2025
  • Login
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
CRYPTO MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

XRP Breaks Out Of Bull Flag And Targets $4.40: Crypto Analyst

by SB Crypto Guru News
January 21, 2025
in Bitcoin
Reading Time: 3 mins read
0 0
A A
0


Este artículo también está disponible en español.

In a chart shared by crypto analyst Ali Martinez, XRP has broken out of a descending channel commonly identified as a “bull flag,” signaling a potential continuation of its recent upward trend. The move sets the stage for a push toward $4.40, based on Fibonacci extension levels.

XRP Price Eyes $4.40

According to the two‐hour Binance chart provided, XRP initially rallied from roughly $2.3374 on January 13 to a local high of $3.3509 by January 17, marking a swift rise that established the so‐called flagpole. After reaching this local high at $3.3509, the price shifted into a consolidation phase, moving within a downward‐sloping channel from January 17 through January 19 and briefly dipping below the 0.786 Fibonacci retracement level at $3.1021 before rebounding.

XRP Breaks Out Of Bull Flag And Targets .40: Crypto Analyst
XRP bull flag, 2-hour chart | Source: X @ali_charts

The breakout above the channel’s upper boundary, which transpired around $3.20 on January 20, is seen as a classic confirmation of a bull flag. A bull flag pattern comprises two key segments: the rapid, nearly vertical ascent (flagpole) and the subsequent, more gradual consolidation (flag). When an asset’s price closes decisively above the upper trendline of the flag, traders generally interpret it as a signal that the prior uptrend is likely to resume.

Related Reading

In this specific setup, the distance of the flagpole is measured from the swing low at $2.3374 to the swing high at $3.3509, which yields a gain of about $1.01. Analysts then add that distance to the breakout level near $3.20 to approximate a price target in the $4.20 region.

Martinez’s chart, however, also includes Fibonacci extensions that provide more granular potential targets, anchored at 0% ($2.3374) and 1 ($3.3509). These extensions appear at 1.272 ($3.6958), 1.414 ($3.8889), 1.618 ($4.1863), and 1.786 ($4.4475). The analyst cites $4.40 as the primary bullish objective, aligning closely with the 1.786 extension level.

Related Reading

As per Martinez’s chart, XRP traded near $3.29, hovering just below the local high at $3.3509. If the cryptocurrency can hold above the breakout zone and ultimately surpass $3.3509, the chart’s technicals suggest a potential climb toward successive extension levels in the high $3 range and ultimately toward $4.40.

The significance of the $4.40 target lies in its convergence of Fibonacci analysis with the classic bull flag projected move, giving traders a clear upside marker to watch for continued momentum. While short‐term fluctuations are always possible in volatile crypto markets, the breakout from the flag consolidation has offered a notably bullish signal, contingent on XRP’s ability to maintain support around $3.20 and build enough volume to breach the $3.3509 threshold.

Notably, XRP couldn’t defend the breakout. At press time, XRP fell back into the channel and traded at $3.06. Thus, XRP bulls need to step up one more time to revalidate the scenario.

XRP price
XRP falls back into the channel, 2-hour chart | Source: XRPUSDT on Tradingview.com

Featured image created with DALL.E, chart from TradingView.com



Source link

Tags: AnalystBitcoin NewsBreaksBullCryptoCrypto NewsCrypto UpdatesFlagLatest News on CryptoSB Crypto Guru NewstargetsXRP
Previous Post

Dogecoin (DOGE) Dips: A Pause Before The Next Meme-Coin Rally?

Next Post

Record-Breaking Bitcoin: Surges Past $109,000 On Trump’s Presidential Inauguration Day

Related Posts

Charles Hoskinson Backs ADA as Bitcoin’s DeFi Layer: Is Cardano Set to Outperform BTC?

Charles Hoskinson Backs ADA as Bitcoin’s DeFi Layer: Is Cardano Set to Outperform BTC?

by SB Crypto Guru News
July 31, 2025
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Cardano founder Charles Hoskinson has made one...

[LIVE] July 31 Crypto Updates – Bitcoin Holds $118K as Powell Freezes Rates Despite Trump’s Pressure: Best Crypto to Buy Now?

[LIVE] July 31 Crypto Updates – Bitcoin Holds $118K as Powell Freezes Rates Despite Trump’s Pressure: Best Crypto to Buy Now?

by SB Crypto Guru News
July 31, 2025
0

The crypto market saw another tense session on Wednesday as Bitcoin briefly dumped to $115,000 before recovering hours later back...

XRP Price Consolidation Deepens – Resistance Still Capping Upside

XRP Price Consolidation Deepens – Resistance Still Capping Upside

by SB Crypto Guru News
July 31, 2025
0

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms...

Ripple: Tokenized Assets to Approach T by 2033—90% of Finance Leaders See Massive Blockchain Impact

Ripple: Tokenized Assets to Approach $19T by 2033—90% of Finance Leaders See Massive Blockchain Impact

by SB Crypto Guru News
July 31, 2025
0

A new Ripple report reveals global banks are rapidly shifting to blockchain, forecasting a $19 trillion tokenized asset explosion as...

Ripple CEO Debunks SWIFT Partnership, XRP To Dramatically Change Payments Infrastructure

Ripple CEO Debunks SWIFT Partnership, XRP To Dramatically Change Payments Infrastructure

by SB Crypto Guru News
July 30, 2025
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ripple CEO Brad Garlinghouse has made it...

Load More
Next Post
Record-Breaking Bitcoin: Surges Past 9,000 On Trump’s Presidential Inauguration Day

Record-Breaking Bitcoin: Surges Past $109,000 On Trump’s Presidential Inauguration Day

Donald Trump Launched $TRUMP Meme Coin

Donald Trump Launched $TRUMP Meme Coin

Facebook Twitter LinkedIn Tumblr RSS

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.