A flexible display panel, comprising: a first flexible substrate and a second flexible substrate cell-aligned to each other; a blue phase liquid crystal layer disposed between the first flexible substrate and the second flexible substrate and strip electrodes arranged on the second flexible substrate at a side close to the blue phase liquid crystal layer at intervals; a reflective layer disposed on the second flexible substrate at a side far away from the blue phase liquid crystal layer; and a ¼ wave plate and a polarizer successively arranged on the first flexible substrate at a side far away from the blue phase liquid crystal layer, with an included angle between a light transmitting axis of the polarizer and an optical axis of the ¼ wave plate being 45° and an included angle between each of the strip electrodes and the optical axis of the ¼ wave plate being 90°.