XRP Stuck in a Pennant: Breakout or Breakdown? 🤔💰

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So, XRP is just chilling above $2, huh? 🥱 Pennant formation, they say. Bottom forming? Maybe. Or maybe it’s just taking a nap. Who knows? Not me, that’s for sure. But hey, at least it’s not zero, right? 🤷‍♂️

  • XRP’s in a pennant above $2-big deal. 🏳️ It’s like watching paint dry, but with more anxiety. 😓
  • Two retests of $2? Wow, such accumulation. Or maybe it’s just stuck. 🧲
  • Breakout before year-end? Sure, why not? My horoscope said the same thing. 🔮

Ripple (XRP) is compressing like a spring-or a garbage bag. Take your pick. 🗑️ After the capitulation party, it’s now in a pennant. $2 is the magic number, apparently. Structural zone? More like a structural snooze fest. 😴

XRP price key technical points

  • $2 is critical. Shocking. 🤑 Multiple retests? Buyers are either committed or masochists. 🤕
  • Pennant structure? Yawn. Converging lines, tightening apex-sounds like a geometry class I failed. 📐
  • Breakout above $2.62? Bullish. Below $2? Garbage. 🚮 Simple as that.

Two tests of $2? Groundbreaking. 🕵️‍♂️ First one held, second one’s ongoing. Pennant’s lower bound-thrilling stuff. Or not. 🤪

Equilibrium after a volatile move? Sounds like my life after a bad date. 💔 Compression until breakout? Can’t wait. Or can I? 🤔

Upper boundary near $2.30-$2.40? Rally to $2.62? Sure, if it feels like it. 😒 Otherwise, back to the sell-off zone. Whee. 🎢

Daily close below $2? Invalidate the pennant? Great. More drama. 🍿 Lower liquidity levels? Fantastic. Let’s keep this party going. 🎉

Pennant above support = potential bottom? Maybe. Or maybe it’s just teasing us. 😈 Apex in late Q4? Cool. More time to stress. ⏳

Volume declining? Standard. Spike in volume = breakout signal? Or just a glitch. 🤖 Who knows?

What to expect in the coming price action

$2 holds, bullish volume? Breakout to $2.62. 🎯 $2 lost? Garbage time. 🗑️ Simple as that. No pressure, XRP. 🙄

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2025-11-17 18:37