Ripple Price Eyes $4 Breakout as Massive Bullish Pennant Forms

XRP holders might want to pay attention right now. After months of consolidation, the crypto is forming what technical analysts are calling one of the most impressive bullish pennant patterns they've seen in recent memory. With XRP currently trading around $2.98, the setup suggests we could be on the verge of a major breakout that sends the price toward the $4 level. The question isn't if XRP will break out of this pattern, but when – and whether bulls have enough firepower to push it to those ambitious targets.

XRP Builds Epic Pennant Pattern for Potential $4 Run

XRP is setting up what could be one hell of a breakout. The crypto is currently trapped inside a massive bullish pennant on the 4-hour charts, and traders are getting excited about what's coming next. Right now, XRP is holding strong around the $2.80-$2.90 support zone while testing that descending resistance line.

The setup looks textbook. XRP already had one fake breakout around $3.60 that quickly reversed, but since then it's been coiling tighter and tighter within the pennant. That's exactly what you want to see before a major move.

The Technical Setup Points to $4 Target

XRP is currently trading around $2.98 with RSI sitting at 52 – perfectly neutral territory that suggests there's room to run higher. The pennant has been forming since mid-July, and every pullback has been met with buying at higher lows.

Here's what's got traders bullish:

• Clean pennant pattern with converging trendlines
• Rock-solid support at $2.80 that keeps holding
• RSI recovering from oversold levels
• Target projection showing a potential 32% move to $4

If XRP breaks above that upper trendline around $3.00, things could get interesting fast. The green candles are already starting to show up, which could signal the beginning of the next leg higher.

What Traders Are Watching

This is basically a "patience pays off" setup for XRP holders. The technical stars are aligning, and if buyers can push through that resistance, we could see XRP make a serious run toward $4 – a level it hasn't touched since the last major bull run.

Key things to watch: a clean break above the pennant's upper line, volume surge to confirm the breakout, and RSI pushing into the 60-70 range.

For now, XRP is doing exactly what it should – coiling tighter while building energy for what could be its next big move. The $4 target might sound ambitious, but with this kind of technical setup, stranger things have happened in crypto.