Have any brothers recently noticed the weekly trend of XRP? Honestly, the candlestick patterns over this period are quite interesting.
Having watched the crypto market for many years, I am particularly sensitive to these "trend pause" formations. Many newcomers tend to get anxious over short-term fluctuations, but as long as you understand the underlying logic, it’s not that complicated.
**First, the conclusion: This is a textbook bullish flag correction**
Just look at the weekly charts from the past two months to see clearly. The core logic of a bullish flag pattern is: first, a flagpole; then, a flag surface. The strong rally earlier was the flagpole, and the current narrow sideways movement is the flag surface. In simple terms, this is the market catching its breath after a rapid rise, digesting profit-taking and preparing for the next surge.
**What truly deserves attention is the strength of the support**
This is the most convincing part of this pattern. When the price recently tested the lower channel support at $1.61, I kept a close eye on the chart. And what happened? A direct rebound, without a significant retracement. What does this indicate? The buying support below is far stronger than expected, and the bulls haven't given the bears many opportunities.
From a technical perspective, whether a support level is effective depends on how many times it has been tested and the strength of the rebounds. The $1.61 level has now become a "hard support," successfully defended multiple times. Such patterns usually imply that, after the flag surface completes, an upward breakout could have a relatively significant target—previously discussed $4 target now seems to have new rationality.
**Why is this wave worth paying attention to**
Many people might say, "Isn't this just a normal consolidation?" But the key differences are: the pattern’s conformity, the stability of support, and the volume cooperation. If these three elements align, it’s not just a sideways move but a clear signal of accumulation.
Of course, no technical pattern is 100% accurate. But when multiple details point in the same direction, the probability of success increases significantly. Currently, this flag pattern, from its formation time, support strength, to target space, shows a high degree of integrity.
Final words: Don’t let short-term market noise disrupt your rhythm. Learning to recognize these standard patterns can help you reduce unnecessary anxious trading.
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BlockBargainHunter
· 8h ago
I am an old retail investor. The 1.61 level is really a tough barrier to break, and now I’m just waiting for the moment when the flag pattern completes.
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Honestly, being shaken out by the volatility has been a bit exhausting, but your analysis gives me some confidence again.
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$4... Well, let’s not think too much about it for now. Let’s wait until we see a breakout.
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I’ve heard the term “hard support” many times, but the key is whether the trading volume supports it or not; otherwise, it’s all just talk.
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Technical patterns are all textbook talk; it all depends on whether the big players are in or not—that’s the real secret.
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You’ve got a good read on it, but I feel like every time someone says that, the price just drops sharply afterward...
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Repeatedly testing the 1.61 level really isn’t a lie; maybe this time truly is different.
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BanklessAtHeart
· 8h ago
1. 1.61 holds tightly, this is real gold and silver, the bulls are not playing around
2. Ah, again a flag pattern, a strong support, and a 4-dollar target... I've heard this too many times
3. To be honest, this pattern is so perfectly formed that it’s a bit suspicious, which makes me a little uneasy
4. The biggest fear for beginners is being cut by such textbook patterns, stay calm
5. If the support is strong enough, just wait for an upward breakout, don’t get caught up in the pattern
6. The 1.61 level really hasn’t been broken much, feels like there’s something there
7. Every time it signals accumulation, how long will it keep accumulating, bro
8. I don’t understand the volume part, has anyone analyzed it?
9. We’ve been talking about the flag pattern for so long, but it’s better to just say whether to buy or not, that’s the real question
10. Multiple details point in the same direction, sounds good, but I don’t believe it
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FlatlineTrader
· 8h ago
1.61 holds firmly, this is what the bulls are saying
The flag pattern is so perfectly formed, it's really rare. Waiting for the breakout moment
While others see volatility, we see accumulation. That's the difference
$4 is not a dream, the key is that 1.61 must not break
The most disliked thing in morphology is this kind of perfect structure, it's too easy to deceive
Trading volume doesn't match the pattern, I don't believe it either. Let's wait and see
A textbook-level flag pattern? Sounds good, but it still depends on a breakout to count
The bulls are really holding strong in this wave, with deep buy-in below
Short-term noise is high, but the 1.61 line is rock solid
The flag needs more time to complete, don't rush to get on board, brothers
View OriginalReply0
BetterLuckyThanSmart
· 8h ago
1.61 has held up, this is true resilience, brother.
$2 doesn't seem so outrageous anymore; if it can be blocked, then push it up.
Talking about textbook patterns again, but if it breaks support, I want to see how you justify it.
XRP definitely has some strength this time, much more reliable than those coins from a few days ago.
Whether the fluctuation is just accumulation or a trap depends on the trading volume.
How many times has 1.61 been repeatedly tested? The bulls are truly determined.
I've seen flag patterns hundreds of times, and this is the clearest formation so far.
Stop messing around; if it breaks, the real test begins. Let's see how long 1.6 can hold.
No matter how standard the technical pattern is, it can't withstand a black swan event. Just hold your position peacefully.
$4? First eat up $3 and then boast, haha.
Have any brothers recently noticed the weekly trend of XRP? Honestly, the candlestick patterns over this period are quite interesting.
Having watched the crypto market for many years, I am particularly sensitive to these "trend pause" formations. Many newcomers tend to get anxious over short-term fluctuations, but as long as you understand the underlying logic, it’s not that complicated.
**First, the conclusion: This is a textbook bullish flag correction**
Just look at the weekly charts from the past two months to see clearly. The core logic of a bullish flag pattern is: first, a flagpole; then, a flag surface. The strong rally earlier was the flagpole, and the current narrow sideways movement is the flag surface. In simple terms, this is the market catching its breath after a rapid rise, digesting profit-taking and preparing for the next surge.
**What truly deserves attention is the strength of the support**
This is the most convincing part of this pattern. When the price recently tested the lower channel support at $1.61, I kept a close eye on the chart. And what happened? A direct rebound, without a significant retracement. What does this indicate? The buying support below is far stronger than expected, and the bulls haven't given the bears many opportunities.
From a technical perspective, whether a support level is effective depends on how many times it has been tested and the strength of the rebounds. The $1.61 level has now become a "hard support," successfully defended multiple times. Such patterns usually imply that, after the flag surface completes, an upward breakout could have a relatively significant target—previously discussed $4 target now seems to have new rationality.
**Why is this wave worth paying attention to**
Many people might say, "Isn't this just a normal consolidation?" But the key differences are: the pattern’s conformity, the stability of support, and the volume cooperation. If these three elements align, it’s not just a sideways move but a clear signal of accumulation.
Of course, no technical pattern is 100% accurate. But when multiple details point in the same direction, the probability of success increases significantly. Currently, this flag pattern, from its formation time, support strength, to target space, shows a high degree of integrity.
Final words: Don’t let short-term market noise disrupt your rhythm. Learning to recognize these standard patterns can help you reduce unnecessary anxious trading.