- XRP bullish pennant signals continuation toward long-standing $3.65 target.
- Wellgistics adopts XRP for real-time B2B payments and operations.
- Breakout above $3.53 resistance could unlock further upside momentum.
XRP is approaching a critical technical milestone as chart analysts eye a long-standing macro target of $3.65. EGRAG CRYPTO’s latest chart analysis highlights a bullish pennant forming on the XRP chart. The pattern typically indicates a continuation of upward momentum. XRP has consolidated within this structure, and a breakout appears imminent.
According to the chart, the breakout entry lies just above the pennant’s upper trendline. Fibonacci extension levels show resistance at $1.618 ($3.53) and $2.414 ($5.29). Analysts believe the asset could reach its macro target of $3.65 if momentum continues.
The analysis also references a historical parabolic surge in XRP’s price. EGRAG CRYPTO suggests that breaching the $3.65 level could set the stage for extended gains. This macro target remains the key level to watch in the current cycle.
XRP Adoption Gains Traction in SEC Filing
Healthcare logistics company Wellgistics Health has revealed plans to adopt XRP in its business operations. The information was disclosed in the firm’s recent SEC S-1 filing. The company intends to use the XRP Ledger (XRPL) for real-time, low-cost B2B payments.
Wellgistics plans to integrate XRP across pharmaceutical supply chains involving pharmacies, vendors, and manufacturers. Unlike companies that passively hold digital assets, Wellgistics aims to use XRP as a payment rail and financial instrument.
The filing also indicates plans to raise capital through securities to purchase more XRP. The company will use XRP as loan collateral and to generate income streams from holdings. Ripple legal analyst Bill Morgan said the filing shows XRP’s practical business utility, not just speculative value.
Market Snapshot and Price Context
XRP is currently trading at $3.18, marking a 0.2% gain in the last 24 hours. This price level places the token just below its first major resistance at $3.53. Market participants are closely watching for a breakout from the bullish pennant pattern.
If the breakout confirms, XRP could move swiftly toward $3.65 and beyond. Analysts emphasize that surpassing the $3.65 mark would validate the macro target set in earlier cycles. Technical alignment and real-world integration are providing dual momentum for XRP’s price outlook.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
