Ripple’s bullish pennant breakout: Can XRP repeat its 470% rally?

• XRP’s Super Trend Indicator flipped bullish, historically linked to massive price surges.
• Key metrics and exchange activity signaled a growing bullish momentum.

The Super Trend Indicator on Ripple’s [XRP] 12-hour chart has flipped bullish once again, as reported by Ali, a renowned analyst on X (formerly Twitter).

This is significant because the last time it occurred, XRP experienced a 470% surge in value. The indicator, which market participants rely on to identify prevailing market trends, is now aligning with the bullish narrative for the altcoin.

This signal comes at a time when XRP’s price recently bounced off a bullish pennant resistance, a pattern often associated with continued upward price movement.

Altcoin exchange net flow and activity surges

On-chain data from Coinglass further strengthens XRP’s bullish outlook. Over the past two months, altcoin net flow into exchanges has notably increased, reaching some of the highest levels this year. This trend suggests heightened investor activity, indicating preparations for significant market moves.

XRP’s activity aligns with this trend, garnering significant attention. Historically, such surges in net flow correlate with increased trading volumes, potentially fueling price momentum soon.

XRP liquidation pool in focus

Coinglass reports a significant XRP liquidation pool at $2.47, valued at 2.87 million. This price level could act as a magnet, pulling XRP prices closer to this threshold. Large liquidation pools often attract market moves, as they represent areas where leveraged positions could be triggered.

The combination of this data with the bullish Super Trend flip paints a promising picture. However, caution remains essential as market dynamics can shift quickly.

Could XRP rally again?

The convergence of technical indicators, on-chain metrics, and bullish market patterns suggests XRP might be gearing up for a rally. Breaking through key resistance levels could pave the way for sustained upward momentum during this anticipated altcoin season.

Read Ripple [XRP] Price Prediction 2025-2026

Currently, the altcoin has managed to break out of its bullish pennant consolidation phase.

Technically, a rally to test higher highs is projected if the current bullish pennant resistance, which is now acting as support, holds.