A recent technical analysis shared by Block Bull, a well-known cryptocurrency analyst on X, has placed renewed focus on XRP’s price trajectory. The analyst suggests that the digital asset may be nearing a significant move as its price action consolidates within a tight pattern on the daily chart. An Important Technical Pattern The chart he shared outlines what appears to be a developing bull pennant , a formation often associated with a potential continuation of an upward trend. It shows XRP trading around $2.89, following a period of reduced volatility after a sharp rise earlier in the year. The pattern features converging trendlines that have gradually narrowed since the asset hit an all-time high of $3.65 in July, culminating in a point of compression identified by Block Bull as a possible breakout zone. The analyst highlighted this position, noting that XRP is “extremely close to breaking out,” with an estimated “55–65% chance of a move up.” $XRP IS EXTREMELY CLOSE TO BREAKING OUT BULL PENNANT 55-65% Chance of a move up pic.twitter.com/dGSTUYdf45 — BLOCK BULL (@TheBlockBull) October 8, 2025 Potential Breakout Targets A bull pennant typically forms when a strong upward move follows a brief phase of consolidation , as traders pause before potentially resuming buying momentum. The structure visible in the XRP chart fits this description, suggesting that market participants watch to confirm a breakout above the upper resistance line. The analyst’s projection, indicated by a yellow arrow extending upward, places a potential target near the $5 mark if the pattern completes as anticipated. However, market observers are divided on how soon such a breakout could occur. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 What’s Next for XRP? XRP has maintained a relatively narrow trading range in recent months, hovering around the $3 level. The asset also recently lost its position to BNB , and some investors are worried that the downturn isn’t over. However, a close look at Block Bull’s chart shows that XRP is at the apex of the bull pennant, and a breakout might occur in the short term. Other analysts have also predicted that XRP can hit $5 this month , adding to the excitement that the breakout could occur any time from now. The coin’s historical volatility and sensitivity to broader crypto market trends make predictions uncertain, but Block Bull’s analysis presents an optimistic technical case. The narrowing structure points to increasing tension between buyers and sellers, and a decisive upward move will confirm a bullish trend. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Analyst: XRP Is Extremely Close to Breaking Out. Here’s why appeared first on Times Tabloid .
