The article suggests that XRP's price action indicates a bullish pennant formation, signaling a potential upward breakout. With the token trading at $1.45, it is projected to surge by 37% to reach the $2 milestone based on Fibonacci extensions and recent chart performance. The consolidation phase following a previous rally and the token's position above key support levels further support the bullish outlook. Furthermore, a decrease in XRP exchange reserves and the accumulation of XRP by whales indicate growing confidence in the cryptocurrency. The positive market sentiment, boosted by events such as the US presidential election, also contributes to the potential for continued growth. Currently, XRP is trading at $1.47 with a market cap of $84.04 billion and a 24-hour trading volume of $7.72 billion.



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