Crypto analyst Bird, known by the X handle @Bird_XRPL, has reiterated his bullish outlook on XRP as the token maintains its position within a descending channel. On the 4-hour chart, XRP is trading at $1.3989, with Bird interpreting the current setup as a textbook bull flag formation, a pattern that often signals the potential for upward continuation.
Key support and resistance levels defined
The 4-hour TradingView chart shows price activity from mid-August through early September. Following a strong move from about $1 to nearly $1.70, XRP entered a consolidation stage that has lasted several weeks. Two parallel descending trendlines form the boundaries of this consolidation.
Resistance is located at the upper trendline near $1.45, while support comes from the lower trendline, which slopes toward roughly $1.28. Since its recent rally, XRP has moved between these lines, forming lower highs and lows but preserving the overall channel structure.
Mini dictionary: Bull flag, a chart pattern in technical analysis characterized by a sharp price rise (the “flagpole”) followed by a period of downward-sloping consolidation (the “flag”). If the price breaks above the upper boundary, it often indicates a continuation of the previous uptrend.
| Level | Price |
|---|---|
| Upper trendline (resistance) | $1.45 |
| Current price | $1.3989 |
| Lower trendline (support) | $1.28 |
| Recent high | ~$1.70 |
| Rally start | ~$1.00 |
Bird indicated that as long as XRP continues trading within these levels, the bull flag remains valid. He also suggested a strategy for both scenarios: employing dollar-cost averaging if XRP moves lower and considering a full position should the price break above the upper trendline.
Analyst emphasizes patience during consolidation
Bird has consistently identified the descending channel as a bullish formation. His perspective has not changed through repeated tests of channel support and resistance. He told his followers, “Don’t get stressed. Don’t get shaken out. Don’t get left behind. This is still a pretty obvious setup for continuation higher.”
XRP remains inside the bull flag. As long as it trades within the channel, the structure is intact. If the price drops, dollar-cost averaging may be applied; a breakout above resistance could justify a full entry.
His remarks maintain that the overall bullish thesis for XRP’s price structure is still intact, as long as the token does not close below the lower trendline. Bird’s approach sees value in discipline and adherence to technical levels, rather than reacting to short-term volatility.
Market outlook and key thresholds
Despite a pullback from its recent high, XRP has not breached the critical lower boundary of its channel. Bird continues to instruct investors to watch the $1.45 resistance and $1.28 support as the decisive levels. Movement outside of these will likely set the direction for the next major move.
During this period of sideways action, Bird reinforces his opinion with patient messaging. He suggests waiting for either a confirmed breakdown or a breakout before taking substantial action, and remains confident in the setup’s prospects as long as the structure holds.
Maintaining focus on the established channel boundaries, Bird encourages investors to remain patient and avoid impulsive decisions while XRP holds its bull flag pattern intact.
XRP is the native digital asset of the XRP Ledger, a decentralized blockchain designed for fast, low-cost cross-border payments. Bird is a prominent technical analyst and commentator focused on XRP’s price action and related market trends.
