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
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.
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