HomeCryptocurrencyAnalyst Has XRP Price Advice for Holders: A Pretty Obvious Setup

Analyst Has XRP Price Advice for Holders: A Pretty Obvious Setup

Crypto analyst Bird (@Bird_XRPL) has shared a fresh take on XRP’s price structure, and his position remains unchanged. XRP trades at $1.3989 on the 4-hour chart, holding inside a descending channel that Bird reads as a bull flag.

He told investors, “Don’t get stressed. Don’t get shaken out. Don’t get left behind. This is still a pretty obvious setup for continuation higher.”

This is not the first time Bird has made this call. He previously identified the same descending channel as a bull flag formation, noting that “the next leg up is coming.” His latest post reinforces that view. The structure has held, and Bird sees no reason to abandon the thesis.

Details From the Chart

The 4-hour TradingView chart covers price action from August 15 through early September. XRP surged sharply from around $1 before reaching a high near $1.70. The asset then entered a consolidation phase inside two descending parallel trendlines.

The upper trendline sits near $1.45. The lower trendline slopes down toward approximately $1.28. XRP has traded between these boundaries since the initial spike, forming lower highs and lower lows within the channel.

The Bull Flag

Bird reads this as a bull flag. A bull flag typically follows a sharp upward move. The asset consolidates at a downward angle before breaking higher to continue the original trend. The pattern is considered valid as long as price stays inside the channel boundaries.

At $1.3989, XRP sits in the lower half of the channel. Bird acknowledges the possibility of further downside. His stated response is to dollar-cost average. In his view, a break above the upper trendline warrants a full entry.

XRP Keeps the Structure Intact

Bird has made this case more than once during the consolidation. Maintaining the same view after multiple tests of the channel boundaries adds weight to his read. The structure has not broken. While XRP has retraced some gains from the recent rally, it has not fallen below the lower trendline.

For investors watching the asset, the key levels remain the same. The upper trendline near $1.45 is the breakout trigger. The lower trendline near $1.28 keeps the bull flag alive. Bird’s message is to stay patient and watch those levels.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.


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Tobi Loba
Tobi Loba
Tobi Loba is a passionate writer with a vast interest in the stock market. She joined the crypto ecosystem about three years ago and has written lots of ebooks and articles in relation to cryptocurrency and blockchain projects. Tobi Loba earned her degree at the University of Ibadan.
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