XRP has exploded out of a multi-month bullish pennant formation on the weekly timeframe, confirming a strong continuation pattern after a period of consolidation.
🔹 Key Technical Insights:
✅ Bullish pennant structure formed after a parabolic run
✅ Strong breakout candle with volume confirmation
🔼 Price now testing $3.60+ area
🎯 Target zone next: $4.80–$5.00, aligned with previous price inefficiencies and psychological resistance
📌 Why This Matters:
XRP is showing one of the cleanest technical breakouts among large-cap altcoins
Weekly breakout from consolidation = high probability continuation
Ideal for swing traders looking for momentum plays
As long as the breakout structure holds, XRP could continue its rally toward the upper target range.
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