Bullish pennants usually resolve after the price breaks above the resistance line of the triangle and rises as much as the height of the previous bullish trend. This places the upper target for the price of XRP at 14 dollars, representing a 530% increase from the current price.

These analyses coincide with previous predictions that XRP would reach 27 dollars, based on chart fractals, Elliott wave analysis, and Fibonacci extensions. Others claim that the price of XRP could rise by 1100% to 25 dollars if a spot XRP ETF is approved in the United States.