XRP To Make or Break in 2025? A Pennant May TellBITSTAMP:XRPUSD has been Consolidating just above the April 2021 High @ $1.96 and shows potential of forming a Pennant Pattern! What does this mean for 2025?? Lets break it down
Resistance Zone: ( $2.90 - $2.60 )
Support Zone: ( $1.96 - $1.76 )
So far Price has made 2 Tests of both the Falling Resistance and Rising Support and 3 Tests is what usually Validates a Trend line, so we want to be vigilant for what Price ends up doing when traveling to either Leg of the Pennant Pattern!
Indicators:
-RSI Above 50 suggests the overall sentiment is still Bullish
-BBTrend Still Printing Green Bars
*If Price Breaks Below the Support, we could see Price Decline further.
*If Price Breaks Above the Resistance, we could see Price Ascend to the All Time Highs of $3.31.