XRP/USDT Bullish Pennat Breakout Loading
2025-01-05
Category: None

XRP/USDT, Bullish Pennant Formation in Progress

The chart displays a Bullish Pennant, signaling potential upward momentum. However, the price is currently rejecting near the upper trendline, indicating that the breakout may take some time.  

Key Insights
1. The pennant structure remains intact, but consolidation might continue before a decisive breakout.  
2. Watch for a confirmed breakout above the upper trendline before considering a long trade.  
3. Once the breakout occurs, the target range is $2.8 to $3.0.  

Patience is crucial as the price may test the trendline support or consolidate further before breaking out.
