XRP Forms A Bullish Pattern In 4-Hour Chart – Analyst Expects $4.20 After Breakout

Quick Summary:

A breakout from the bullish pennant could confirm XRP’s trajectory toward new milestones, reinforcing its position as one of the market’s most dynamic assets.  XRP About To Enter Price Discovery XRP is on the verge of entering price discovery as the broader crypto market signals a bullish rally.

According to Runefelt, the price is forming a bullish pennant pattern on the 4-hour timeframe, a classic indicator of potential upward continuation.

Related Reading: Chainlink Is In The Middle Of A Bullish Breakout – Analyst Sets $50 Target As the market gears up for a potentially explosive phase, XRP is well-positioned to capitalize on the momentum.

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Author / Journalist: Sebastian Villafuerte

Category: Crypto

Markets: United Kingdom

Topics: Xrpusdt Xrp XRP Price XRP analysis Xrp news XRP Bull Pennant Ripple XRP Price Analysis XRP ATH Ripple (XRP) Price Charts

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-24 @ 22:30:15 (1 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 607 words

Reading Time: 4 minutes read

Sentences: 71 lines

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Copyright Owner: © NewsBTC

News ID: 25412535

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