XRP's price action has been gaining attention in recent days, with the cryptocurrency holding steady above a key level of resistance turned support.
This bullish pennant pattern is forming as XRP holds above its prior resistance level, setting the stage for a potential breakout. According to technical analysis, this could be a momentum-driven move, targeting levels of $1.42 and $1.50 if successful.
However, traders must remain cautious, as a drop below $1.25 would break the ascending structure and invalidate the setup.