T1: 1.69 | T2: 1.94
XRP is showing an interesting bullish continuation setup on the 4H chart.
For nearly three months, XRP was trading below a descending resistance trendline, with multiple attempts to break above it being rejected. Eventually, buyers broke through this long-term resistance, triggering a strong bullish move.
On 22 August, XRP delivered a powerful breakout and rallied approximately 60%, creating the initial bullish pole of the pattern.
After this sharp move, price started to cool off and entered a period of consolidation. Instead of a deep correction, XRP formed a downward-sloping flag, creating a classic Flag & Pole continuation structure.
📐 FLAG & POLE STRUCTURE
The setup can be divided into three simple stages:
1. Long-term resistance breakout
XRP broke a resistance trendline that had been holding price down for almost three months.
2. Strong bullish pole
The breakout was followed by a powerful rally of approximately 60%, creating the pole.
3. Flag formation and breakout
After the rally, price consolidated inside a downward-sloping flag. Today, 3 September 2026, XRP has broken above the upper boundary of the flag.
This creates a potential bullish continuation setup.
📊 VOLUME SUPPORTS THE BREAKOUT
The volume behaviour makes this setup even more interesting.
First, we saw strong breakout volume during the initial break above the three-month resistance.
Then, during the pole-to-flag consolidation, volume contracted significantly as price cooled off.
Now, with the current flag breakout, we are seeing a fresh and significant expansion in volume.
So the sequence is:
Breakout volume expansion → volume contraction during consolidation → strong breakout volume expansion
This is supportive of the bullish continuation thesis because the current breakout is occurring with increased market participation.
Volume does not guarantee that the breakout will succeed, but it provides additional confirmation.
🎯 TARGETS
Target 1 — 1.69
The first major target is around 1.69, which corresponds to the previous pole high and an important resistance area.
This is the first major checkpoint for the current move.
Target 2 — 1.94
If XRP successfully clears the 1.69 area and bullish momentum continues, the next major target on my chart is approximately 1.94.
🧠 THE COMPLETE STORY
What makes this setup interesting is the complete sequence:
3-month resistance
↓
Resistance breakout
↓
~60% bullish impulse / pole
↓
Controlled consolidation / flag
↓
Volume contraction
↓
Flag breakout with strong volume
↓
T1 → 1.69
T2 → 1.94
The key question now is not whether XRP can move higher, but whether the current breakout can sustain itself and continue the bullish structure.
Strong move → controlled consolidation → volume-supported breakout.
That is the setup I am watching.
Trade the structure. Respect the invalidation. Protect the capital.
This is not any recommendation. this is shared solely for educational purpose.
XRP is showing an interesting bullish continuation setup on the 4H chart.
For nearly three months, XRP was trading below a descending resistance trendline, with multiple attempts to break above it being rejected. Eventually, buyers broke through this long-term resistance, triggering a strong bullish move.
On 22 August, XRP delivered a powerful breakout and rallied approximately 60%, creating the initial bullish pole of the pattern.
After this sharp move, price started to cool off and entered a period of consolidation. Instead of a deep correction, XRP formed a downward-sloping flag, creating a classic Flag & Pole continuation structure.
📐 FLAG & POLE STRUCTURE
The setup can be divided into three simple stages:
1. Long-term resistance breakout
XRP broke a resistance trendline that had been holding price down for almost three months.
2. Strong bullish pole
The breakout was followed by a powerful rally of approximately 60%, creating the pole.
3. Flag formation and breakout
After the rally, price consolidated inside a downward-sloping flag. Today, 3 September 2026, XRP has broken above the upper boundary of the flag.
This creates a potential bullish continuation setup.
📊 VOLUME SUPPORTS THE BREAKOUT
The volume behaviour makes this setup even more interesting.
First, we saw strong breakout volume during the initial break above the three-month resistance.
Then, during the pole-to-flag consolidation, volume contracted significantly as price cooled off.
Now, with the current flag breakout, we are seeing a fresh and significant expansion in volume.
So the sequence is:
Breakout volume expansion → volume contraction during consolidation → strong breakout volume expansion
This is supportive of the bullish continuation thesis because the current breakout is occurring with increased market participation.
Volume does not guarantee that the breakout will succeed, but it provides additional confirmation.
🎯 TARGETS
Target 1 — 1.69
The first major target is around 1.69, which corresponds to the previous pole high and an important resistance area.
This is the first major checkpoint for the current move.
Target 2 — 1.94
If XRP successfully clears the 1.69 area and bullish momentum continues, the next major target on my chart is approximately 1.94.
🧠 THE COMPLETE STORY
What makes this setup interesting is the complete sequence:
3-month resistance
↓
Resistance breakout
↓
~60% bullish impulse / pole
↓
Controlled consolidation / flag
↓
Volume contraction
↓
Flag breakout with strong volume
↓
T1 → 1.69
T2 → 1.94
The key question now is not whether XRP can move higher, but whether the current breakout can sustain itself and continue the bullish structure.
Strong move → controlled consolidation → volume-supported breakout.
That is the setup I am watching.
Trade the structure. Respect the invalidation. Protect the capital.
This is not any recommendation. this is shared solely for educational purpose.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.