With the recent announcement of Ripple partnering with major banks and financial institutions, XRP has been gaining attention and is currently trending with hashtags such as #XRP, #crypto, and #Ripple. This has caused a surge in demand for XRP, driving up its price and making it one of the top performing cryptocurrencies in the market. The Formation of a Bullish Pennant The bullish pennant is a technical chart pattern that forms after a sharp increase in price, followed by a consolidation period. This consolidation is represented by a series of lower highs and higher lows, forming a triangular shape. This pattern signifies a temporary pause in the market before the price continues to rise. In the case of XRP, this pattern has formed on the weekly chart, indicating a potential long-term bullish trend. Ripple's Partnerships and Adoption One of the main drivers behind XRP's recent surge is Ripple's partnerships with major banks and financial institutions. Ripple's t...
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