Analyst Says Things Could Get Very Interesting for XRP Once This Happens
XRP could be approaching an important technical move, according to crypto developer Bird, who believes the cryptocurrency is close to breaking above the upper boundary of a bull flag formation.
In a post on X, Bird highlighted XRP’s current chart structure and identified $1.48 as the level that could determine whether the token enters a much stronger upward move.
The chart attached to the post shows XRP trading within a descending channel after its sharp advance earlier in the period. XRP has recently moved toward the upper boundary of that formation, with the latest candles showing an attempt to push higher.
Bird Identifies $1.48 as the Breakout Level
Bird wrote that “XRP looks VERY good here,” highlighting the cryptocurrency’s position near the top of the bull flag. The developer said XRP is “incredibly close” to breaking out of the pattern and suggested that a successful move above the upper trendline could change the short-term outlook.
The key condition in Bird’s analysis is a breakout followed by a reclaim of the $1.48 level. He said that if XRP breaks out and reclaims $1.48 or higher, “things could get very interesting very quickly.”
Bird also ended the post with a strong bullish prediction, writing, “Potential GOD candles inbound.” The comment indicates that he expects a sharp increase in buying pressure if XRP confirms the breakout and moves above the highlighted resistance.
At the time shown on the chart, XRP was trading around $1.43, just below the $1.48 level Bird identified. The chart also highlights the most recent price action near the upper section of the formation, where XRP has started moving higher after trading around the $1.38 to $1.45 area.
Traders Highlight Additional Resistance Levels
Responses to Bird’s post also focused on the resistance XRP needs to overcome before a larger move can develop.
For Bird, however, the immediate focus remains clear: XRP needs to break above the bull flag and reclaim $1.48. A confirmed move through that area would provide the technical confirmation behind his bullish outlook, while continued rejection below the level could leave XRP trading within the existing formation.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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