The post XRP Bull Flag Sets Stage for 480% Rally to $17 appeared on BitcoinEthereumNews.com.

XRP shattered months-long resistance as volume surged past $23B, triggering a breakout past $3. Technical signals, such as the RSI at 84 and a rising ADX, support extended gains, possibly above $17. XRP gained strength with the previous week’s gain surpassing 22% beyond the $3.40 level, with daily volume amounting to $23 billion. This was the first appreciation in months and is the strongest upside move since the token struggled below the recalcitrant resistance barrier for over eight months. Source: TradingView Buyers pushed the token through a technical pattern known as a bull flag, with a breakout providing the direction for a larger move. Based on the measured length of this pattern, a potential rise of over 480% might take XRP’s price above $17 sometime in the near term. Supporting this prediction is a shift in the Average Directional Index (ADX), a measure of the strength of trends that declined dramatically within the past six months but is increasing now. A shift in direction for ADX suggests the recent breakout could be more potent. Retail Traders Drive XRP Volume Spike Retail investors seem responsible for the recent surge in volume, as most traders look at making profits while the pace is strong. The higher demand was enough to help XRP break through a barrier previously rejecting growth efforts, with the price action remaining firmer compared to previous rallies. Source: TradingView Another indicator in support of the bullish side is the Relative Strength Index (RSI). According to the latest figures, the RSI stands at 84 and typically signals more strength is ahead before any correction, as indicated by TradingView. Meanwhile, optimism is further aided by hopes for the GENIUS Act. If American regulations for cryptocurrencies take a positive turn in the coming months, that would further propel the XRP price and align it with…

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Filed under: News - @ July 20, 2025 9:18 am