$XRP
Price: 3.0295 (-1.99%)
Trade Setup: XRP broke above $2.50 and the 200 SMA, rallied to a fresh ATH at $3.66 (+40%), and is now consolidating in a Bullish Pennant. This type of continuation pattern often breaks higher. A successful breakout could aim for $3.66 (Target 1) and $4.15 (Target 2). With the SEC case dismissal, $400M in treasury purchases, and ongoing ETF speculation, fundamentals remain supportive. (Set your alerts).
Pattern: Bullish Pennant – consolidation phase after a strong run, typically signaling trend continuation.
Trend: Short-term Neutral | Mid-term Up | Long-term Strong Up
Momentum: Bearish but improving (MACD turning higher), RSI flat/neutral.
Key Levels: Support at $3.00 → $2.50 | Resistance at $3.50 → $4.00 → $4.15
