XRP News Today: XRP's Bullish Pennant and Real-World Adoption Signal Path to $3.65

XRP is drawing attention as a technical pattern suggests renewed upward potential. A bullish pennant has formed on the XRP chart, signaling a possible continuation of its price trend toward a macro target of $3.65, according to EGRAG CRYPTO’s analysis. The pattern indicates consolidation within a narrowing price range, with a breakout above the upper trendline seen as a critical catalyst for further gains [1]. Fibonacci extension levels highlight immediate resistance at $3.53 and a longer-term target at $5.29. Analysts note that maintaining momentum beyond $3.53 could validate the $3.65 threshold, a level tied to historical parabolic surges in XRP’s price [1].

Recent developments also highlight XRP’s growing adoption. Wellgistics Health, a healthcare logistics firm, disclosed in an SEC S-1 filing its plans to integrate XRP into pharmaceutical supply chains. The company aims to leverage the XRP Ledger (XRPL) for real-time, low-cost B2B transactions, differentiating itself from entities that merely hold digital assets as reserves. The filing reveals Wellgistics intends to raise capital via securities to purchase additional XRP, using it as collateral and to generate income from holdings. Ripple legal analyst Bill Morgan emphasized that the move underscores XRP’s practical utility in business operations, beyond speculative value [1].

Currently, XRP trades at $3.18, just below the $3.53 resistance level, according to CoinMarketCap data. Market participants are closely monitoring the pennant’s breakout potential, with analysts suggesting a confirmed move above $3.53 could accelerate the path to $3.65 and beyond. The alignment of technical indicators with real-world adoption is creating a dual catalyst for XRP’s price trajectory [1].

Source: [1] [XRP Forms Bullish Pennant With $3.65 in Sight, Says Analyst] [https://coinmarketcap.com/community/articles/68860c8731d9044a234223bb/]