XRP climbed 3.8% on the day and 4.2% over the week to $1.43, with traders pointing to a descending triangle and a bull flag near key support levels. The gains came even as broader US stocks struggled and oil prices hit a three-month high.
XRP is trading at $1.43, up 3.8% on the day and 4.2% over the week, as traders spot bullish chart patterns near important support levels. Analyst Ali Charts flagged a descending triangle forming on the hourly chart, watching for a close above $1.40 to confirm a breakout toward $1.46.
Meanwhile, trader Bird described XRP as sitting inside a bull flag, a separate pattern pointing to the same bullish read. A break above $1.48 could trigger a move higher, the trader said. Between the triangle and the flag, traders are now watching the $1.40 to $1.48 range for confirmation. Some traders are hopeful this could be the start of a bigger move for the token.
That optimism sits alongside a regulatory push. Ripple CEO Brad Garlinghouse continues to press for the CLARITY Act, which could bring more regulatory clarity to crypto.
The rally comes even as the wider stock market struggles. $350 billion was wiped off US stocks today as oil prices hit a three-month high.
Source: Coinpedia Fintech News
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