XRP’s Multi-Year Bull Flag Signals Rally—Can It Hit $1,452?
- Crypto analyst “Steph is Crypto” predicts XRP could hit $1,452.81, a 59,933.47% surge.
- Rumors suggest MicroStrategy’s Michael Saylor may shift $21B from Bitcoin to XRP.
- The cryptocurrency faces resistance at $2.480, with support at $2.350; RSI signals weakening momentum.
A prominent crypto analyst “Steph is Crypto,” has projected a substantial long-term surge in XRP’s value, estimating a future price of $1,452.81. This projection stems from the emergence of a multi-year bull flag formation, a widely recognized technical chart pattern signaling strong upward momentum following extended market consolidation.
According to Steph, XRP has exited a downward channel that’s defined the token’s movement for several years. His chart shows that the token has now entered a fresh phase, hinting at a long-term rally.
Steph’s chart uses the height of the original price movement—often called the flagpole—to project the next possible leap. The resulting figure places the token’s potential price at $1,452.81, a jaw-dopping 59933.47% increase from the current price of $2.42.
“I don’t even want to give you this #XRP price target! You’re definitely not bullish enough,” Steph said.
$21B Bitcoin-to-XRP Rumors Spread
Adding more weight to the optimistic forecast, discussions are heating up around a potential portfolio adjustment by Michael Saylor, the chairman of MicroStrategy. Rumors suggest that a $21 billion shift from Bitcoin into XRP is being considered. Although purely speculative at this point, analysts argue that such a move could spark a sharp upward rally, possibly propelling it toward $1,000.
At present, XRP is showing signs of resilience. The token managed to recover above the $2.320 level, pushing through the $2.40 and $2.420 resistance points. Even though it tested the $2.50 barrier, the price couldn’t maintain upward momentum and faced a minor pullback.
Still, the broader structure looks encouraging. After clearing half of the previous downward wave from $2.580 to $2.354, the cryptocurrency remained above key support levels, including the 100-hour Simple Moving Average.
XRP Struggles at Key Resistance
Currently, XRP is navigating resistance zones near $2.450 and $2.480. If buyers succeed in breaking these, the price could touch $2.50 again, which aligns with the 61.8% Fibonacci retracement of the last downward movement. A break above $2.50 may open doors toward $2.550 and possibly even $2.650 or $2.6650 in the short term.
However, this upward movement isn’t guaranteed. If it stumbles at $2.480, another pullback could be on the cards. Support lies at $2.40 initially, followed by a more critical support around $2.350. A drop below this could bring the price down to $2.320, and if momentum slips further, $2.250 might be the next area to watch.
Momentum indicators are flashing mixed signals, for instance, XRP’s hourly RSI is now under 50, suggesting slowing strength. Similarly, the MACD is losing pace in its bullish push.
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