XRP has been showing stable oscillations near the 2.40 USD mark, reflecting an ongoing stalemate between bullish and bearish forces. Despite a notable 40 million USD outflow from the spot market within two days, the Long/Short ratio exceeding 1 indicates a more optimistic outlook among traders.
XRP’s price pattern maintains a bullish flag formation, signaling the possibility of rallies extending to 3.25 USD or even 4 USD with sustained buying. Nevertheless, should the price drop below the lower bound of the flag, expectation shifts towards a decline to approximately 1.40 USD, challenging the current bullish sentiment.
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