XRP Bullish Pennant Targets $15-$17, But Breakout Confirmation Required At This Level 📈
XRP has seen a rally largely due to the SEC acknowledging Grayscale's XRP ETF filing, briefly reviving bullish sentiment around the cryptocurrency, notably as it approaches the $3 mark again. Despite a current slowdown, technical analysis by Egrag Crypto suggests that XRP remains on an upwards trajectory.
Crypto analyst Egrag Crypto, known for his bullish forecasts, has set potential XRP price targets between $15 and $17. These projections are based on XRP's current bullish pennant formation, a trend promising an upward move following a breakout over its upper trendline.
While previous targets have materialized, reaching all-time highs post $3.40, sustained gains depend on solid breakout confirmation over $3.40 due to its resistance position since 2018. A move beyond $2.75 is essential for maintaining upward trends.
A yellow trendline, acting as a critical support level since 2025, underpins this bullish case. Breaking below this trendline could lead to bearish outcomes, highlighting the importance of careful monitoring.
Source: www.newsbtc.com ↗
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