Is XRP About to Become the Next Bitcoin? 🚀💰

So, Peter Brandt, the chart whisperer, decided to throw a little drama into the XRP soap opera on January 30. He posted a price chart (XRP/USDT) that suggests we might be looking at a “bull flag” situation. You know, the kind that makes you want to grab your popcorn and watch the market unfold. He’s got his eyes set on a jaw-dropping $4.39541. Because why not aim for the stars, right? 🌟

“Hey XRP_pill_poppers! Just to clarify: I’m not losing sleep over what XRP does. If it goes up, I’m all in. If it plummets, I’ll just sit back and enjoy the show. Honestly, the only thing I can call this chart is a bull flag. But hey, that could change faster than my mood on a Monday,” Brandt quipped. 😂

What Even is a Bull Flag? 🏳️

From Brandt’s perspective, XRP had a little party earlier in January, dancing above $2.6040 before hitting a wall at $3.2140. After that, it decided to take a breather, creating a series of lower highs and lower lows—like a sad little trendline on a bad day. This whole situation looks like a classic bull flag, which is just a fancy way of saying, “Hold on, we might be going up again!”

XRP Chart

Brandt thinks we could be eyeing a breakout towards $3.5487, with the ultimate goal of $4.39541. Those green lines on the chart? They’re like the “Do Not Enter” signs for XRP if it decides to keep climbing. 🚧

Now, let’s talk moving averages. The 8-day moving average (that’s the green line, in case you’re wondering) is hanging out just above $3.00, acting like a supportive friend. Meanwhile, the 18-day moving average (the orange one) is on an upward slope from below $2.70, cheering on the broader uptrend like a hype man at a concert.

Meanwhile, the ADX reading of 17.05 is like that friend who says, “Chill, the trend is moderate.” But if XRP breaks out of this flag, we might just see some serious momentum. And the 30-day Average True Range (ATR) is sitting at 0.2135, which means daily volatility is up, but not as wild as some of those other coins that party too hard. 🎉

Brandt’s post got the traders buzzing, including HTL-NL (@htltimor), who chimed in with some Wyckoff analysis. “Using Wyckoff, it looks good too. But if $TC takes a dive, we’re all going down with the ship,” he said. Brandt gave a thumbs up, saying, “Good confirmation from a good source.” Because nothing says “trust me” like a thumbs up on Twitter. 👍

Wyckoff Chart

According to HTL-NL’s Wyckoff chart, XRP is going through the classic phases of a drama series—starting with the Automatic Rally (AR) after a Selling Climax (SC), followed by some Secondary Tests (ST), and finally reaching what looks like a Sign of Strength (SoS). This is the moment when demand says, “I’m here to stay!” and the price breaks through resistance like a contestant on a reality show. 📈

In Wyckoff lingo, a successful SoS usually means we’re in for a wild ride upwards. The blue line labeled “BUEC” (Back Up to Edge of the Creek) suggests XRP has already retested its last major resistance as support. If it holds on tight, Wyckoff analysts are ready to pop the champagne for higher targets, just like Brandt’s bullish flag projection.

As of now, XRP is trading at a cool $3.09. So, grab your popcorn and stay tuned! 🍿

2025-01-31 23:12

What Even is a Bull Flag? 🏳️

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