XRP Price Trapped Between Resistance and Support Zones

XRP has formed a bull flag after its recent advance, according to analyst Steph. The token spent months inside a tight and choppy trading range, but the recent surge pushed it outside that range.

The key near-term resistance level is $1.43, which XRP needs to hold above for several hours to confirm a breakout. A confirmed break above this level could put $2.10 in focus as the next near-term target, implying a gain of about 56% from the current price.

However, if the price fails to stay above $1.30, it could mean that the present bullish outlook becomes invalid and a correction is possible. The $1.55 resistance area has already witnessed a rejection, with XRP making a brief rally above this level before encountering selling pressure.