XRP Maintains Bullish Flag Structure as Price Holds Accumulation Range

• XRP is currently moving through a broad accumulation phase following its earlier explosive price action. The asset has settled into a clear bullish flag formation, with price bouncing between established support and resistance levels. This extended sideways movement is typical after a strong impulsive rally.

• The token has been ranging between approximately 1.90 and 3.40, creating the horizontal consolidation that defines a classic bullish flag. That initial powerful surge acts as the flagpole, while the current rectangular trading range represents the natural correction phase. Price is hovering near the lower end of this zone, but the overall pattern structure remains solid.

• The technical analysis points to a potential breakout target around 23.76 if XRP can push back above the upper boundary of its current range. This projection comes from measuring the height of the original flagpole and extending it from the top of the consolidation area. While no breakout has happened yet, the setup suggests that clearing upper resistance could spark a significant expansion move.

• This pattern matters because extended accumulation periods often come before major directional moves, influencing sentiment across the wider market. XRP holding its support zone keeps the bullish flag scenario alive. If momentum builds and price eventually breaks through resistance, this formation could define the next major trend cycle.

Source: ChartNerd