The post XRP price tests $2.00 as pennant fractal emerges, bullish setup? appeared on BitcoinEthereumNews.com.

XRP price is testing the $2 support zone as a pennant-style fractal begins to form, signalling a potential bullish setup if buyers continue defending the high-time-frame support. Summary Market sentiment around XRP is stabilizing as buyers repeatedly step in at key levels. Price behaviour suggests growing confidence despite recent volatility. Chart structure indicates momentum could shift quickly if bulls take control. XRP’s (XRP) price action is once again holding above a critical high-time-frame support zone, with the market defending the $2.00 to $2.06 region. This level has acted as a major structural anchor over multiple retests, and price continues to show signs of accumulation each time it returns to the area. With a pennant-style fractal now emerging, this can lead to a confirmation of a breakout that could drive price toward higher resistance levels. XRP price key technical points XRP continues to respect the $2.00 to $2.06 high-time-frame support A pennant-style consolidation phase is beginning to develop Holding support opens the path toward the $2.64 resistance zone XRPUSDT (1D) Chart, Source: TradingView XRP has spent several sessions hovering above the $2.06 support region, a key zone that has repeatedly shown strong bullish defence. Each time XRP has returned to this level, buyers have stepped in quickly, signalling that the area continues to act as an important accumulation zone. This consistent defence establishes a solid structural base that supports the case for a developing reversal pattern. The emerging pennant formation strengthens this outlook. Pennants often occur after strong directional moves and serve as consolidation structures before the next expansion phase begins. In XRP’s case, price is compressing into a tighter range while repeatedly bouncing from the high-time-frame support. This behaviour suggests that the market is preparing for an apex breakout, with pressure building as liquidity tightens. As long as XRP trades…

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Filed under: News - @ November 20, 2025 3:29 pm