#analysis #xrp

XRP had an explosive start in 2025. After several years, the cryptocurrency from Ripple Labs managed to reach a new all-time high (ATH) of $3.39 in January, unleashing euphoria among its followers.

However, it then entered a phase of price correction that cooled high expectations… at least for now.

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For some, it is a reason to lament, but for others, technical analysis is giving a powerful signal: XRP is consolidating a bullish pennant.

As explained by CriptoNoticias, the bullish pennant is a technical analysis pattern that sparks enthusiasm among investors. The formation of this figure occurs with a significant upward movement, followed by a compression phase, in which the maximum and minimum prices narrow down until they converge at a point.

Thus, a shape similar to that of a triangle is formed. The resolution of this pattern is generally with a strong upward movement.

That is to say, if XRP manages to consolidate the formation of the triangle, the cryptocurrency from Ripple Labs will have enough momentum to reach a new ATH.