Ripple (XRP) Could Surge To $0.22 As Bullish Flag Pattern Emerges

There is a major bullish flag forming with resistance near $0.2050 on the 4-hours chart of the XRP/USD pair (data source from Kraken). XRP price even surged above the $0.2000 level and settled well above the 100 simple moving average (4-hours).

More importantly, the 50% Fib retracement level of the upward move from the $0.1741 swing low to $0.2118 high is acting as a significant buy zone. Bearish Scenario for XRP If ripple price fails to surpass the $0.2025 and $0.2050 resistance levels, there are chances of a downside extension.

Timeline of Xrp