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Veteran Trader Predicts $3 XRP Price Close With This Flag Breakout
Renowned trader Peter Brandts has revealed a bullish continuation pattern in the XRP price, indicating a potential upswing to $3 and potentially as high as $3.5.
The flag breakout is seen as an initial target of $3, with the possibility of an extended push to $3.5 if the trend continues.
Recent market developments have led to a retracement in XRP’s price, causing it to retest the recently breached resistance from its flag breakout. This signals a potential pivot for the next rally.
As of now, the XRP price trades at $2.29 with an intraday loss of 10.2%. According to Coingecko, the asset’s market cap is at $131.2 Billion, while the 24-hour trading volume is at $19 Billion.
The coin price trading above the daily exponential moving average (20, 50, 100, and 200) hints that the broader trend remains bullish.
Brandts’ prediction suggests the flag breakout sets an initial target of $3, followed by an extended push to $3.5.
Source: www.cryptonewsz.com
