As Ripple gains confidence in its legal battle against the SEC, XRP hodlers are feeling unstoppable. They might be right.
XRP/USD versus BTC/USD and ETH/USD daily price chart. Source: TradingView
On the daily chart, XRP has been trending inside a similar technical structure since late September, as shown below. While at it, the token has also attempted to break above the pennant twice, albeit to no success. It now eyes another breakout in the coming days.Theoretically, a bull pennant breakout increases the price by as much as the size of the previous uptrend. Therefore, XRP’s bull pennant breakout can push the price toward $0.63 in Q4 2022.
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