XRP is on the verge of a critical technical milestone, as chart analysts point to the longstanding target of $3.65. A bullish pennant is forming on the XRP chart, indicating upward momentum.
XRP Chart Analysis
XRP is showing a bullish pennant on the chart, which typically indicates a continuation of upward trend. Current consolidation within this structure suggests that a breakout is imminent. Analysts have noted that a breakout above the trendline of the pennant may fortify the asset's positions, with a long-term target at $3.65.
Wellgistics Adopts XRP for Business Use
Wellgistics Health has revealed plans to incorporate XRP into its business operations. This information is disclosed in the company's recent SEC filing. Wellgistics intends to use the XRP Ledger (XRPL) for real-time, low-cost B2B payments. Unlike companies that simply hold digital assets, Wellgistics aims to actively utilize XRP as a payment rail and financial instrument.
Current Market Situation
Currently, XRP is trading at $3.18, reflecting a 0.2% increase over the past 24 hours. This price level is just below the first major resistance at $3.53. Market participants are closely monitoring the potential breakout from the bullish pennant pattern. If confirmed, XRP could swiftly move towards $3.65 and beyond.
The technical analysis and real-world integration of XRP into business operations provide a dual foundation for an optimistic price outlook for XRP. Surpassing the $3.65 mark will be a crucial benchmark in the current cycle.
