{"id":197945,"date":"2023-11-21T23:59:17","date_gmt":"2023-11-21T18:29:17","guid":{"rendered":"https:\/\/dripp.zone\/news\/flag-pattern-sets-stage-for-40-price-rally-crypto-news\/"},"modified":"2023-11-21T23:59:21","modified_gmt":"2023-11-21T18:29:21","slug":"flag-pattern-sets-stage-for-40-price-rally-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/flag-pattern-sets-stage-for-40-price-rally-crypto-news\/","title":{"rendered":"Flag Pattern Sets Stage for 40% Price Rally &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"post-165327\">\n<p>\nXRP Price Prediction: A healthy retracement in XRP price should bolster buyers for higher recovery; Enter now?\t\t\t\t<\/p>\n<p><!--\n     \n\n<div class=\"marketThumbs\">\n             <noscript><img width=\"1200\" height=\"681\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/0KYfaF1J-e1700590587335.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"XRP price\" decoding=\"async\" fetchpriority=\"high\" \/><\/noscript><\/div>\n\n\n--><\/p>\n<p class=\"MarketsUp f-14 d-block\">Published 6 seconds ago  <\/p>\n<div class=\"Atcs\">\n<p><span style=\"font-weight: 400;\">XRP Price Prediction: In the context of current market volatility, the fifth-largest cryptocurrency XRP, has <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/ripple-and-whales-move-200-mln-xrp-amid-price-slump\/\">undergone a notable reversal<\/a> from its recent peak of $0.73. Over the past two weeks, the value of the XRP coin has decreased by 20%, resulting in a current price of approximately $0.6, and its market capitalization has fallen to $32.4 billion. However, an analysis of the 4-hour time frame chart suggests that this correction may be forming a bullish continuation pattern known as a \u2018flag\u2019.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p>Also Read: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/ripple-and-whales-move-200-mln-xrp-amid-price-slump\/\">Ripple And Whales Move 200 Mln XRP Amid Price Slump<\/a><\/p>\n<h2><b>XRP Price Prediction: Will $XRP Lose $0.6 Mark?<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Flag pattern formation for buyers an opportunity to replenish bullish momentum before the next leap<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The confluence of several chart levels at $0.6 creates a strong support zone<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The intraday trading volume in the XRP is $1.39 Million, indicating a 30% gain.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"XRP Price Prediction\" width=\"1946\" height=\"1104\" data-lazy-src=\"https:\/\/s3.tradingview.com\/snapshots\/0\/0KYfaF1J.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/s3.tradingview.com\/snapshots\/0\/0KYfaF1J.png\" alt=\"XRP Price Prediction\" width=\"1946\" height=\"1104\"\/><\/noscript>Source: Tradingview<\/span><\/p>\n<p><span style=\"font-weight: 400;\">From mid-October and early November, XRP coin experienced significant growth, with its price increasing from $0.477 to a high of $0.732, marking a gain of 53.5%. Despite this positive trend, the recovery faced a reversal amid growing indecisiveness among investors.\u00a0<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p><span style=\"font-weight: 400;\">Having said that, this correction in tandem with low volume is finding suitable support at the combined support of $0.6 and 50% Fibonacci retracement level.\u00a0<\/span><span style=\"font-weight: 400;\">Such retracements are often viewed as beneficial for regenerating momentum and resuming an upward trend. Furthermore, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/xrp\/\">XRP price<\/a> is currently confined within two downward-sloping trendlines, indicating the formation of a bullish flag pattern.\u00a0<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">This pattern suggests that the coin price might breach the upper trendline, potentially propelling a recovery of up to 40%, targeting around $0.83.\u00a0<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">However, this target level aligns with a long-standing trendline, which could act as a significant resistance and possibly hinder the recovery.<\/span><\/p>\n<h2><b>Multi-Year Pattern Hints Sideways Trend Ahead<\/b><\/h2>\n<p><img decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"TradingView Chart\" data-lazy-src=\"https:\/\/s3.tradingview.com\/snapshots\/p\/pl8naPR8.png\"\/><noscript><img decoding=\"async\" src=\"https:\/\/s3.tradingview.com\/snapshots\/p\/pl8naPR8.png\" alt=\"TradingView Chart\"\/><\/noscript><span style=\"font-weight: 400;\">Source: Tradingview<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p><span style=\"font-weight: 400;\">A look at the monthly time frame chart shows the XRP price has been resonating within the two converging trendlines of a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/symmetrical-triangle-pattern\/\">symmetrical triangle pattern<\/a> since 2018. The coin price reverted from both the upper and lower trendlines At least twice indicating the strong influence this pattern has on XRP. As the current recovery in this asset is poised to reach the upper trendline, the XRP price may face a huge surge in supply pressure which could trigger a fresh correction trend. Thus, Until this chart pattern is intact, the XRP price may prolong its sideways stretch.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Bollinger Band<\/b><span style=\"font-weight: 400;\">: The <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/education\/bollinger-band\/\">Bollinger Band<\/a> challenge on the downside reflects the selling momentum is active.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Moving Average Convergence Divergence<\/b><span style=\"font-weight: 400;\">: A bearish crossover within the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/macd-moving-average-convergence-divergnece\/\">MACD<\/a> and signal line highlights the ongoing correction trend.<\/span><\/li>\n<\/ul>\n<p><noscript><link rel=\"stylesheet\" href=\"https:\/\/coingape.com\/wp-content\/cache\/min\/1\/6abb26f7699f8093844cb3e112228018.css\" media=\"all\" data-minify=\"1\"\/><link rel=\"stylesheet\" id=\"dscf7-math-captcha-style-css\" href=\"https:\/\/coingape.com\/wp-content\/plugins\/ds-cf7-math-captcha\/assets\/css\/style.css?ver=6.3.2\" type=\"text\/css\" media=\"1\"\/><\/noscript><\/p><\/div>\n<div class=\"MarketBottm\">\n<div class=\"Socilsm\">\n<p>\n                    Share this article on:<\/p>\n<div class=\"LinksSo\">\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.me\/share\/url?url=https:\/\/coingape.com\/markets\/xrp-price-prediction-flag-pattern-sets-for-40-price-rally\/&#038;text=XRP Price Prediction: Flag Pattern Sets Stage for 40% Price Rally\" class=\"TeleS\"><i class=\"fa fa-paper-plane-o\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/markets\/xrp-price-prediction-flag-pattern-sets-for-40-price-rally\/\" data-action=\"share\/whatsapp\/share\" class=\"TeleSwp\"><i class=\"fa fa-whatsapp\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/share?url=https:\/\/coingape.com\/markets\/xrp-price-prediction-flag-pattern-sets-for-40-price-rally\/\" class=\"tw_new_logo\"><br \/>\n<img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\"\/><\/noscript><br \/>\n<\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https:\/\/coingape.com\/markets\/xrp-price-prediction-flag-pattern-sets-for-40-price-rally\/\" class=\"TeleSFb\"><i class=\"fa fa-facebook\"\/><\/a>\n                    <\/div>\n<\/p><\/div>\n<\/div>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA165327\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD165327\">\n<p>  The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p>     <!--           <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/category\/price-analysis\/\" class=\"closeArticle2 close-btn\">Close Story<\/a>--><\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP Price Prediction: A healthy retracement in XRP price should bolster buyers for higher recovery; Enter now? Published 6 seconds ago XRP Price Prediction: In the context of current market volatility, the fifth-largest cryptocurrency XRP, has undergone a notable reversal from its recent peak of $0.73. Over the past two weeks, the value of the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":197946,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-197945","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/197945","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=197945"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/197945\/revisions"}],"predecessor-version":[{"id":197947,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/197945\/revisions\/197947"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/197946"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=197945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=197945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=197945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}