{"id":565028,"date":"2020-12-18T14:05:53","date_gmt":"2020-12-18T11:05:53","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=565028"},"modified":"2020-12-18T14:05:53","modified_gmt":"2020-12-18T11:05:53","slug":"xrps-bull-flag-on-the-daily-chart-could-send-it-to-1-20-analyst","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/xrps-bull-flag-on-the-daily-chart-could-send-it-to-1-20-analyst\/","title":{"rendered":"XRP&#8217;s Bull Flag on the Daily Chart Could Send it to $1.20 &#8211; Analyst"},"content":{"rendered":"<p><strong>Quick take:<\/strong><\/p>\n<ul>\n<li><strong>MagicPoopCannon has identified a bull flag on the daily XRP\/USDT chart<\/strong><\/li>\n<li><strong>If the bull flag plays out to the upside, XRP could spike to $1.20<\/strong><\/li>\n<li><strong>Bitcoin has set the pace for the entire crypto markets and the only logical direction is up for XRP<\/strong><\/li>\n<\/ul>\n<p>Veteran Bitcoin and Crypto analyst <a href=\"https:\/\/en.ethereumworldnews.com\/xrp-could-hit-440-due-to-runaway-inflation-money-printing-analyst\/\" target=\"_blank\" rel=\"noopener\">MagicPoopCannon<\/a>, has updated <a href=\"https:\/\/www.tradingview.com\/chart\/XRPUSD\/LfjGytre-100-Upside-to-Bull-Flag-XRP-Target-of-1-20\/\" target=\"_blank\" rel=\"nofollow noopener\">his analysis<\/a> of the remittance coin of XRP. According to Magic, XRP has printed a bull flag on the daily chart. A resolution of the bull flag to the upside could <a href=\"https:\/\/en.ethereumworldnews.com\/xrp-could-rally-above-0-80-to-test-0-92-analyst\/\" target=\"_blank\" rel=\"noopener\">send XRP<\/a> to a value of $1.20. Magic further explained his forecast of XRP as follows.<\/p>\n<blockquote><p>Now, if we flipped over to a\u00a0<span class=\"tv-chart-view__tag-page-link\">daily chart<\/span>, this entire pattern would be easily identifiable as a\u00a0<span class=\"tv-chart-view__tag-page-link\">bull flag<\/span>. However, it isn&#8217;t just ANY\u00a0<span class=\"tv-chart-view__tag-page-link\">bull flag<\/span>\u2014 no \u2014 this is a gargantuan, 250% bear slaying rocket flag. If the flag plays out to the upside (as we know not 100% of all bull flags do) the target is at 1.20. That&#8217;s 100% higher than where we are now.<\/p><\/blockquote>\n<p>Below is a screenshot of his analysis of XRP.<\/p>\n<figure id=\"attachment_565031\" aria-describedby=\"caption-attachment-565031\" style=\"width: 942px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/12\/Magic-XRP-Dec-18th.jpg\"><img class=\"wp-image-565031 size-full\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/12\/Magic-XRP-Dec-18th.jpg\" alt=\"\" width=\"942\" height=\"445\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/12\/Magic-XRP-Dec-18th.jpg 942w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/12\/Magic-XRP-Dec-18th-300x142.jpg 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/12\/Magic-XRP-Dec-18th-770x364.jpg 770w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/12\/Magic-XRP-Dec-18th-500x236.jpg 500w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/12\/Magic-XRP-Dec-18th-240x113.jpg 240w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/12\/Magic-XRP-Dec-18th-717x339.jpg 717w\" sizes=\"(max-width: 942px) 100vw, 942px\" title=\"\"><\/a><figcaption id=\"caption-attachment-565031\" class=\"wp-caption-text\">Source, Tradingview.com<\/figcaption><\/figure>\n<h2>Bitcoin has Set a Bullish Pace and XRP Rising is Inevitable<\/h2>\n<p>To further explain why he was super <a href=\"https:\/\/en.ethereumworldnews.com\/xrp-could-explode-higher-if-crypto-market-marches-higher-analyst\/\" target=\"_blank\" rel=\"noopener\">bullish on XRP<\/a>, Magic explained that <a href=\"https:\/\/en.ethereumworldnews.com\/bitcoin-has-a-50-chance-at-surpassing-30k-in-2021-btc-analyst\/\" target=\"_blank\" rel=\"noopener\">Bitcoin has set the pace<\/a> for the rest of the crypto market and it is only natural that other digital assets should follow a similar path.<\/p>\n<blockquote><p>Not only do I think it&#8217;s possible, I think it&#8217;s inevitable.\u00a0<span class=\"js-inline-quote-ticker tv-inline-quote-ticker\" data-symbol=\"BITSTAMP:BTCUSD\"><span class=\"tv-inline-quote-ticker__source-text\">Bitcoin<\/span><\/span>has clearly demonstrated where this market is heading, and it&#8217;s much much higher. Even, if we consolidate, pull back, do a backflip, whatever, the stage is set. This is what we&#8217;ve been waiting for. To everyone who has followed me over the past few years, I love you. Now let&#8217;s get what we&#8217;ve earned!<\/p><\/blockquote>\n<h2>XRP Must Break $1 to Get to $1.20<\/h2>\n<p>Ahead of XRP&#8217;s journey to $1.20, are several resistance zones around $0.80, $0.92, and $1. Popular market analyst Will Meade highlighted via Twitter that XRP making it to $1 was likely to occur as soon as Bitcoin made the next big move. Mr. Meade shared his analysis via the following tweet.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">$XRP<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Ripple?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#Ripple<\/a> will go to a $1 after <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#Bitcoin<\/a> big move, buying more.<\/p>\n<p>&mdash; Will Meade (@realwillmeade) <a href=\"https:\/\/twitter.com\/realwillmeade\/status\/1339571198473154563?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">December 17, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>XRP&#8217;s Fate is Tied to Bitcoin&#8217;s<\/h2>\n<p>Further reiterating Magic&#8217;s observation that Bitcoin has set the pace for the crypto markets, any sudden movement by BTC in either direction will most likely have a negative effect XRP. Therefore, traders and investors of XRP are advised to have a close eye on <a href=\"https:\/\/en.ethereumworldnews.com\/bitcoin-liquidations-exceed-1b-in-24-hrs-as-btc-heads-to-23k\/\" target=\"_blank\" rel=\"noopener\">any sudden Bitcoin movement<\/a> that might ruin the party.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Quick take: MagicPoopCannon has identified a bull flag on the daily XRP\/USDT chart If the bull flag plays out to the upside, XRP could spike to $1.20 Bitcoin has set the pace for the entire crypto markets and the only logical direction is up for XRP Veteran Bitcoin and Crypto analyst MagicPoopCannon, has updated his analysis of the remittance coin of XRP. According to Magic, XRP has printed a bull flag on the daily chart. A resolution of the bull [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":561328,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[4656],"tags":[1233,84,6957],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/565028"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=565028"}],"version-history":[{"count":0,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/565028\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/561328"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=565028"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=565028"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=565028"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}