XRP’s price could experience significant volatility in the coming days, according to a key chart pattern observed by CoinsKid. A pennant forming on the XRP price chart suggests a major move is on the horizon.
The pennant pattern forms after strong upward or downward moves, typically resulting in consolidation and a symmetrical triangle. If XRP breaks out of this pattern, it could propel its price to $4, a 70% increase from its current value.
Currently, XRP is trading within a symmetrical triangular pattern, indicating a balance between supply and demand. A recent analysis by Santiment found that the number of XRP holders has increased by 1%, adding 58,000 wallets since the start of 2025. This increase in holders is considered bullish by the platform.
Social media sentiment towards XRP has also shifted in favor of the cryptocurrency. According to Santiment’s report, XRP enjoyed an 18% market cap rise in its first three days of the new year and has been holding up well compared to other altcoins.
A breakout above $2.50 could lead to a rally to $2.72 and then $2.90, while a break below $2.21 might trigger a fall to $1.62. The daily RSI is slightly above the midpoint, giving bulls an edge.
Source: https://u.today/xrp-chart-pattern-warns-of-incoming-xrp-price-swings