$XRP : Analysts Eye $15–$30 If Bull Pennant Plays Out 📈
TL;DR: $XRP ’s weekly chart shows a bull pennant—a pause after a sharp move up. If the breakout holds, the measured move points near $15. Some stretch targets call for $20–$30. NFA.
Why it matters
Bull pennant = strong run (flagpole) ➜ consolidation in a tight range (pennant) ➜ continuation higher.
Breakouts are typically confirmed on weekly closes above the upper trendline and often travel roughly the height of the flagpole.
What I’m watching
Validation: Weekly close holding above the pennant top + rising volume.
Retest zone: Potential pullback to the breakout area = opportunity if it flips to support.
Targets:
Measured move ≈ $15
Extensions (aggressive calls) $20–$30
Invalidation: Weekly close back inside the pennant or below reclaimed support.
Plan & Risk
Scale in only on confirmation/retests.
Predefine stop, position size, and invalidation.
Process > predictions. Not financial advice.
Agree or disagree? Drop your target below 👇
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