XRP Defies Market Pressure as Bull Flag Eyes $1.88 Target
XRP has been consolidating within its bull flag pattern on the daily chart, currently trading between $1.329 and $1.365. Market analysts point to a possible move towards the $1.88 target if support continues to hold.
The token's price has been fluctuating in a sinusoidal pattern, but it remains above the key support zone of $1.33. According to trader Dark Defender, this is a normal part of consolidation and the bull flag structure that formed after Wave 1 still holds.
XRP's performance record against Bitcoin is also drawing attention, with WisdomTree data showing a 45% year-to-date gain alongside the lowest correlation to Bitcoin among major assets. Analyst SMQKE describes XRP as a functional utility asset, unlike speculative Bitcoin market cycles.