Ripple’s XRP Bull Flag Sets Price Target Above $15 as Trump’s Crypto Euphoria Boosts XRP Inflows ⋆ ZyCrypto
The post Ripple’s XRP Bull Flag Sets Price Target Above $15 as Trump’s Crypto Euphoria Boosts XRP Inflows ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.
Advertisement     Recent XRP activity has spiked in the last 48 hours, springing up bull signs in the market. On-chain indicators point to surging inflows while other assets pick up the pace. Institutional trading is pivotal for the altcoin, with large activities leading to a positive market flow. XRP Charts Form Bull Flag A look at trading data shows that XRP price action formed a bull flag, signaling a continuation of present positive sentiments. Crypto traders have projected the asset’s price to hit $15 with support from Open Interest numbers. Trading volumes from all user categories have also notched a rise in the total numbers. In the last 30 days, a bull chart formed close to the upper level at $2.41. According to the analysts, this marks a massive upward momentum, which could lead to an imminent breakout. The price target of $15 means the current position will soar 520%. XRP bulls accumulate assets based on positive US macro factors and slight flows away from Bitcoin. Donald Trump’s second term has led to market sentiment spiking XRP inflows as buying pressure mounts. The asset flipped USDT to become the third largest asset by market cap for the second time in a month. XRP’s total market capitalization soared above $140 billion before recording a slight decline. Notably, the company faced a Securities and Exchange Commission (SEC) lawsuit that saw sentiments weaken. Turbulent regulatory waters placed the asset under the $1 level for years before the present rally above $2. The continued spike has led analysts to make bullish projections based on other technical indicators. Advertisement   “Most Bullish Scenario: For the #RSI curvature to continue trending upward, ideally reaching 88, & even better, 96.5 & beyond! Bounce from 74: #XRP bounces from the 74 range, it will be incredibly bullish!…
Filed under: News - @ January 9, 2025 11:28 pm