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Breaking News: Forfeited Bitcoin Linked To Samourai Case Not Sold, Confirms White House Crypto Advisor

XRP Bull Run Confirmed: Largest Bull Flag In Crypto History Just Formed

Scott Matherson
Scott Matherson
Last Updated: June 11, 2024 8:02 am
3 mins read
XRP Price

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XRP could well be on its way to having a significant price surge, as this crypto expert recently highlighted an indicator that suggests this is on the horizon. This will undoubtedly be a welcome development for the XRP community that, as of late been bewildered by XRP’s price action. 

XRP Forming A Bullish Pattern On The Charts

In a post shared on his X (formerly Twitter) platform, crypto researcher ABS of the 3T Warrior Academy highlighted the fact that XRP could be forming the largest bull flag in crypto history. This speculation was based on a monthly chart that he shared. From the chart, one could see that XRP was indeed forming a bull flag, which instantly signals a bullish sentiment. 

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The crypto expert further went on to note how XRP has been trading below its all-time high (ATH) of $3.8 for “2,165 days & counting.” He alluded to the fact that this could have been a result of the label of “unregistered security,” which the SEC had put on it. 

However, Abs is bullish on XRP as he stated that there are “brighter days ahead” for the crypto token, considering that it has managed to get rid of the label and gained regulatory clarity. Another crypto analyst had also recently highlighted a similar pattern on the charts as he noted that the altcoin was forming a bull flag that could send its price to $25.

Many in the community seem to share this analyst’s sentiment as regards the price prediction. Abs had put out a poll under his initial post asking his followers what they think would be XRP’s peak price target when the breakout occurs. The majority of those who voted were of the opinion that XRP will be greater than $22.35 when the anticipated breakout occurs. 

XRP price chart from Tradingview.com

Token price recovers to $0.62 | Source: XRPUSD On Tradingview.com

Patience Is Key

Crypto analyst Egrag Crypto stated that patience is key as the XRP community awaits a significant rally from the crypto token. He made this comment while sharing an accompanying chart that indicates the future trajectory of XRP. From the chart, one could see that the analyst is predicting XRP’s long-awaited price surge to come in 2024. 

XRP price

Source: X

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Based on his projection, XRP would rise to over $1.50 sometime between February and March 2024. He expects that XRP will experience a significant decline soon after, with the crypto token dropping to $0.7. However, the community will once again have reason to smile as the token will rise “to Valhalla” from that point on. Egrag predicts that will happen in June 2024. 

At the time of writing, XRP is trading at around $0.62, up over 3% in the last 24 hours, according to data from CoinMarketCap. 

Featured image from CoinCodex, chart from Tradingview.com
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Scott Matherson
Scott Matherson

Scott Matherson

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.

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Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.

With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.

Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.

Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.

Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.

Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

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Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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