XRP price slowly forms a bullish pattern: can Ripple hit $5
The XRP price is slowly forming a highly bullish pattern that could lead to a strong breakout in the near term.
Ripple (XRP) was trading at $2.4 on Dec. 13, up by 28% above the lowest level this week, and a few points below the year-to-date high of $2.90.
XRP price is forming a bullish flag
The daily chart shows that Ripple is slowly forming a highly bullish pattern that may lead to a strong comeback in the next few days.
It is forming a bullish flag pattern, which is characterized by a long vertical line and a rectangle-like formation. In this case, the flag started forming in late October and concluded in November. It has been forming the flag section since Dec. 2.
In most periods, an asset tends to have…
