XRP's Bullish Pennant: Can Buyers Reach $2?

XRP's price surge of 51% in seven days has left investors wondering if $2 is within reach. The digital asset consolidated around $1.48 on August 25, after breaching previous resistance levels near $1.20 and $1.25.

A bullish pennant has formed on the 4-hour chart, with price compressing between converging trendlines. If buyers can clear resistance near $1.56, they may expose higher targets at $1.66, $1.76, and $1.86.

Crypto analyst Altcoin Sherpa also believes in XRP's potential, stating that the consolidation is 'good and healthy' and predicting a move to $2.