#XRPUSDT – Massive Breakout from Bullish Pennant | Eyeing $4.80+
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.
🔹 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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.