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XRPthe fourth-largest cryptocurrency, could be bracing for significant volatility if the main chart pattern continues. kid coinsan X account focused on market analysis, noted in a recent tweet that the current chart setup for XRP may indicate a major price move on the horizon. Highlighting the pennant formation on the XRP price chart, the analyst added, “There is a move coming here for XRP.”
Pennants are continuation chart patterns that occur after strong moves. After a big move up or down, buyers or sellers usually stop to catch their breath before pushing the price in the same direction. For this reason, the price usually consolidates and forms a small symmetrical triangle known as a pennant.
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The analyst highlighted in the chart a potential breakout of a pennant pattern that could push the price of XRP to $4 – an increase of 70% from its current value.
XRP price movement
XRP continues to trade within a symmetrical triangle pattern, indicating a balance between supply and demand. At the time of writing, XRP is trading in the green amid an ongoing market sell-off, rising 1.61% over the past 24 hours to $2.35.
The daily RSI slightly above the midpoint gives a slight advantage to the bulls. if Ripple price If the price breaks and closes above the barrier at $2.50, it could lead to a rise to $2.72 and then to $2.90. In contrast, a break and close below the support line at the 50 SMA at $2.21 could lead to a drop to $1.62.
XRP metrics are bullish
A large number of XRP metrics turned to the upside at the beginning of 2025. According to the on-chain analytics platform saintThe amount of holders of various crypto assets has fluctuated significantly since the new year.
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XRP has seen a 1% increase in the number of holders since the start of 2025, adding 58,000 wallets in the period. Santiment highlighted this as bullish, adding that if portfolios rise quickly, the community is comfortable with the project in the long term.
Across social media, sentiment has changed towards the largest cryptocurrency market caps. In a recent report, Santiment noted that XRP enjoyed a healthy 18% market cap rise in the first three days of the new year, and has held up well compared to its other altcoin counterparts.
Since the massive price surge that saw the value of XRP rise by 455% (from November 1 to December 2), there has been an increasing level of optimism among the public. Currently, sentiment is slightly bullish.
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