XRP is Currently In a Bear Flag. Analyst Explains What It Means for Price

XRP is currently forming what technical analysts recognize as a bear flag, a continuation pattern that often precedes further downside unless invalidated by a strong bullish move. In a recent post on X, analyst Cryptoes highlighted this formation, noting that XRP must close decisively above $3.30 to break out of the structure and resume its upward trajectory. As of report time, XRP is trading at $3.08, slightly off its intraday high of $3.16. Price action shows signs of tightening consolidation, with bulls and bears battling for control around key technical levels. Technical Analysis: The Bear Flag Structure The bear flag pattern typically forms after a sharp price drop , followed by a period of slight upward or sideways consolidation within parallel trendlines. This “flag” often leads to another leg downward unless buyers step in with strong momentum. #XRP Currently in a bear flag Likely we make a push up back to $3.30 | Needs to close above to invalidate the flag and continue the move higher pic.twitter.com/uMxqgL0sw3 — Cryptoes (@cryptoes_ta) July 30, 2025 XRP’s recent chart matches this pattern. Following a sharp rally leading to a recent high of $3.66 in mid-July, the token retracted and began consolidating within a narrow, ascending channel. The setup suggests a breakout is imminent, but the direction depends on whether price can reclaim the $3.30 resistance level. A clean break above that line would invalidate the bearish structure and trigger renewed buying interest. Key Price Levels to Watch Support currently holds between $3.00 and $3.10, an area that has acted as a floor for the past few days. Should this level fail, XRP could retrace toward $2.80 or even lower. On the upside, the major resistance lies at $3.30—the level analysts believe is critical for a trend reversal. A confirmed close above this zone could propel XRP toward the next resistance band at $3.42 to $3.65. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Momentum Indicators and Market Sentiment Technical indicators show neutral to slightly bullish momentum. The Relative Strength Index (RSI) is hovering near 60, indicating neither overbought nor oversold conditions. Meanwhile, the MACD remains slightly positive, though it’s showing signs of losing strength. This suggests that while there is some bullish energy, it may not be enough to drive a breakout unless volume increases. Broader Context: Macro and Regulatory Drivers XRP’s technical picture is unfolding against a backdrop of broader market uncertainty. Regulatory clarity following Ripple’s partial win against the SEC has helped restore investor confidence. At the same time, speculation around a potential XRP spot ETF and anticipated U.S. policy updates continue to attract institutional interest. Despite the bullish sentiment, XRP has yet to deliver a decisive move. Much of the market is in wait-and-see mode, especially ahead of the upcoming Federal Reserve policy decision, which could impact risk appetite across the board. 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 urged to do in-depth 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. Follow us on Twitter , Facebook , Telegram , and Google News The post XRP is Currently In a Bear Flag. Analyst Explains What It Means for Price appeared first on Times Tabloid .