Crypto
XRP Holds Key Support as Bull Flag Pattern Eyes $1.88 Target
XRP has been trading within a narrow range on September 11, fluctuating between $1.329 and $1.365 before closing near $1.336 at key support.
An intact bull flag pattern and a completed Wave 1 structure suggest that XRP could be heading towards the $1.88 target price if current support holds.
SMQKE, an analyst, views XRP as a functional utility asset, distinct from Bitcoin's speculative market cycles.
The token has been gaining traction due to its use in transactions and applications, with WisdomTree data showing it posting 45% year-to-date gains and the lowest correlation to Bitcoin among major assets.