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The famous technical analyst Peter Brandt waved the XRP community on January 30 by publishing a daily price table (XRP/USDT) that suggests a “bull flag” continuation pattern. Brandt, whose reputation in the graphics covers decades, highlighted $ 4,39541 as the higher price objective based on the current market structure.
“Hello xrp_pill_poppers. To be clear: I could not matter what XRP is going to do. If you go up, I want to be long. If you go down, I have never shortened it, but I prefer Troll to the poppers. In any other way at this time to define the Table not a bull flag. task.
XRP bull flag formation
From the analyst’s point of view, XRP recovered sharply in early January, exceeding $ 2,6040 before exceeding $ 3,2140. Once this peak was formed, the market entered a brief setback, creating a lower and lower minimum series of high ups and dotter, visualized by descending tendency lines in the Brandt table. This consolidation resembles a bull flag of the textbook, a pattern typically interpreted as a pause in an ongoing upward trend.
Brandt’s projected rupture could point to the next region of prominent general expenses about $ 3,5487, with its latest upward objective in the vicinity of $ 4,39541. These levels leave green lines in the table, indicate possible resistance areas if XRP extends its rally when confirming the upper limit of the flag.
Two mobile averages in the Brandt table are visible: the 8 -day mobile average (green line) is currently around $ 3.00. It is helping to define short -term support levels. The 18 -day mobile average (orange line) leans up from less than $ 2.70 and reinforces the widest bullish trend at stake.
Meanwhile, the ADX reading of 17.05 suggests that the general trend force is moderate, leaving room for greater impulse if the price breaks decisively of the flag. A true average (ATR) value of 30 days about 0.2135 underlines daily volatility, which has increased compared to the previous phases, but remains contained in relation to some high alternative currencies in beta.
Brandt’s publication caused a discussion among merchants, including HTL-NL (@htltimor), who observed bullish confirmations using the Wyckoff analysis. “Using Wyckoff, it also looks good. Of course, if $ TC is immersed, everything suffers, but it is one of the most attractive alternative lists, ”he said. Brandt responded with approval, indicating “good confirmation of a good source.”
According to Wyckoff headquarters shared by HTL-NL, XRP has been tracking a series of classic phases, which is the automatic rally (AR) after a sales climax (SC), followed by multiple secondary tests (ST) and culminating in what seems to be a sign of force (SOS). The tag often marks the point where the demand decisively exceeds the supply, with a price that is above a key resistance level and maintains the support above the previously proven areas. This behavior is more supported by volume signatures that show a resurgence of interest during manifestations and decreased setbacks.
In terms of Wyckoff, a successful SOS within a reactumulation structure generally paves the way to continue upwards. The blue line labeled as “Buec” (back to the edge of the stream) suggests that XRP has already tested its last important resistance as support. If you maintain these levels and confirm the SOS, Wyckoff analysts would anticipate an impulse towards higher objectives, aligning with the projection of Brandt’s bullish flag.
At the time of publication, XRP quoted at $ 3.09.
Outstanding image created with Dall.E, Record of TrainingView.com
