XRP has break above a clear bullish pennant structure after its strong rally, and the price is now consolidating within the buyback zone. This area should act as a solid demand level to fuel the next impulsive leg upward.
The projection shows price potentially targeting $5.54 to $24.66, with the ultimate pennant breakout target near $27+.
As long as the immediate buy back zone holds, the bullish outlook remains intact. A breakout above the local resistance will open the door for the major rally continuation towards the provided targets. On the flip side, invalidation comes if the buyback zone fails to hold.
Share your thoughts on this setup do you think XRP can reach double digits in this bullish phase?
