Expert Says Fresh XRP Breakout Would Happen This Week. Here’s the Signal

XRP is holding near $1.39 after a strong advance from the $1 area. The 4-hour chart now shows a defined descending channel that has contained the price since the sharp upward move. Crypto analyst Bird sees that structure as a bull flag, with the next major move potentially taking XRP higher this week.

XRP Holds Inside a Descending Channel

The chart shows XRP rising sharply from around $1 before reaching nearly $1.70. The asset then entered a period of consolidation within two descending trendlines, and the asset’s recent pullback has remained confined within this pattern.

The upper trendline currently sits near $1.44. The lower trendline extends toward roughly $1.31. XRP has moved between these levels while gradually forming lower highs and lower lows. Bird interprets this pattern as a bull flag.

He said analysts will try to convince investors that XRP will still decline, but he pushed back. He sees the current position as a good opportunity, noting that “The next leg up is coming.”

The First Breakout Level

A move above the descending upper trendline would give the bull flag setup a stronger technical signal. Based on the chart, XRP needs to reclaim the $1.44 to $1.45 area to challenge the structure that has capped recent rallies.

A breakout would also place the $1.50 region back into focus. XRP previously traded around that level during the consolidation before sellers pushed the price lower.

The chart shows several tests of the upper trendline. A sustained move through that resistance could therefore change the short-term structure and open room toward higher levels.

An Additional Confirmation Signal

That $1.54 level sits within the upper portion of XRP’s recent trading range. A successful move through it would confirm that buyers have regained significant control after the consolidation.

XRP’s Next Move Depends on the Breakout

The chart gives traders two important areas to watch. The descending resistance near $1.44 to $1.45 represents the first hurdle. $1.54 offers stronger confirmation.

Meanwhile, the lower trendline near $1.31 remains an important support area within the pattern. XRP’s ability to stay inside the channel keeps Bird’s bull flag interpretation intact, and he is hopeful the breakout will come this week.