$XRP 🟡is reaching the final phase of a bullish pennant.

If this formation completes its consolidation, the cryptocurrency issued by Ripple would have a "bullish explosion" in the coming days or weeks. A bullish pennant is a technical analysis pattern that culminates in an upward movement.

It is important that the macroeconomic context favors "risk" assets.

If one were to illustrate this moment, it could be said that XRP is a pressure cooker about to explode in the coming days or weeks.

The cryptocurrency issued by Ripple Labs is reaching the final phase of a bullish pennant, a technical analysis figure that, as its name suggests, usually anticipates price increases. For that reason, it generates enthusiasm among investors. What’s next for XRP?

Although the most important signal XRP needs to take off is an improvement in the macroeconomic outlook, there are other factors that could also drive an increase in its price.

One of them is the possible launch of XRP exchange-traded funds (ETFs) in the United States. As reported by X., firms such as Canary Capital, 21Shares, Bitwise, Grayscale, Franklin Templeton, and CoinShares have submitted applications to the U.S. Securities and Exchange Commission (SEC) to list these products.