XRP don pass $1.42, weekly gains near 9% as bull-flag dey target $1.50
XRP don push pass di $1.42 resistance, e extend di weekly gains reach near 9%. Traders dey watch dis “bull flag”-style setup well well after di same structure reportedly come before quick ~66% rally for early 2025.
For di latest session, XRP move from about $1.4011 go $1.4184, wit volume spike of roughly $74.6M wey carry di price go around $1.4207 before e konsolidate near $1.417–$1.420. Technical momentum still dey improve, as di 20-day and 50-day moving averages dem dey cross upward.
Key levels clear: $1.40 na di critical support, while $1.42 na di breakout trigger. Di article talk say repeated tests of $1.42 fit dey weaken di resistance. If XRP hold above $1.42, upside targets dem dey for $1.47–$1.50. If di breakout fail, di next downside zone suppose be $1.34–$1.37.
Di piece add say Binance liquidity don thin reach multi-year lows, wey fit make volatility high when ranges resolve. For traders, di immediate focus na whether XRP fit confirm clean close above $1.42 or e go quick reject back inside di range.
Bullish
Dis news dey bullish for XRP because price don already break pass di $1.42 resistance and momentum indicators dey improve (20-day/50-day moving averages don cross up). Di bull-flag style setup mean say continuation fit follow, wit clear upside path to $1.47–$1.50 if XRP hold above $1.42.
But di outlook dey conditional: di article mark $1.40 as di key support floor and mention $1.34–$1.37 as di next downside area if di breakout fail. Thin liquidity for Binance fit make volatility higher, meaning rejected breakout fit move quick quick either direction, but di immediate technical posture favour buyers as long as XRP remain above $1.40 and confirm di $1.42 breakout.