XRP Bull Pennant Just Broke - Is a 320% Surge to $15 on the Horizon?

Analyst Ali Martinez just dropped a bombshell on X - XRP has broken out of its bull pennant pattern. I've been watching this for weeks and honestly can't believe it finally happened.

These bull pennants are fascinating beasts - they form after a strong upward price thrust followed by this weird little consolidation phase where buyers and sellers duke it out between converging trendlines. Unlike bull flags with their boring parallel channels, these pennants create this coiled spring effect that's just waiting to explode.

When I look at price movement inside these patterns, I can't help but feel the tension building. The resistance at the top keeps pushing back, but the support below won't let it fall. Something's gotta give! And let's be real - while the textbooks say it's a "continuation pattern," nothing in crypto is guaranteed. Though I've seen these patterns play out spectacularly more times than I care to admit.

Looking at the weekly chart Martinez shared, XRP had been trapped in this consolidation zone for ages before finally breaking free this month. The move was decisive - not one of those fake-outs that leave you holding bags.

The potential target? A whopping $15 - representing a 320% increase from current levels. Crazy? Maybe. But I've seen wilder things happen in this market, especially when technical patterns get the momentum traders excited.

Will this pennant actually deliver the goods? The jury's out. These patterns sometimes fail spectacularly, and I've been burned by "perfect setups" before. The market has this annoying habit of making fools out of those who are too confident.

But damn if that chart doesn't look tempting. The measured move projection (equal to the flagpole height) points to that $15 target. Just don't mortgage your house based on a chart pattern - we've all seen how that story ends.