8-8-2025 – XRP is displaying strong bullish signals as technical analysts identify a consolidating pennant formation that could drive the token toward $4, according to multiple market observers. The digital asset is currently trading between $3.01 and $3.28, forming what analysts describe as a classic bullish pennant pattern.

This technical formation follows XRP’s sharp rally in late 2024 and early 2025, with the pennant representing a consolidation phase before the next potential breakout. Crypto analysts, including those from CryptoFrontNews and various technical analysis platforms, suggest the pattern historically precedes significant upward price movements for XRP.

The bullish outlook is supported by XRP maintaining key support levels above $3, with some analysts projecting targets as high as $4.20 to $4.40 if the breakout materializes. However, traders are watching for a clean break above the pennant’s upper trendline combined with increased volume to confirm the bullish scenario.

Market participants will monitor whether XRP can sustain above critical support at $3.05 and break through resistance levels to achieve the projected $4 target in the coming weeks.