XRP price forms bullish pennant after 51% rally, is $2 next?

XRP price consolidated near $1.48 on Aug. 25 after gaining about 51.5% in seven days, with its 4-hour chart forming a potential bullish pennant that could support another advance if buyers clear resistance near $1.56. Summary XRP price rallied from about $1.00 to an intraday high near $1.69 over seven days. The 4-hour chart shows a bullish pennant, with price compressing between converging trendlines. A confirmed break above $1.56 could expose resistance at $1.66, $1.76, and $1.86. Liquidation clusters near $1.55 and between $1.42 and $1.45 may influence the next move. XRP price consolidates after 51% rally According to data from crypto.news, XRP (XRP) price traded around $1.48 at the time of writing after opening the seven-day period at $1.0014 on Aug. 19. The token briefly reached approximately $1.69 before sellers took profits, leaving it about 12% below the weekly high but still up roughly 48% from its starting level. The rally followed renewed optimism around US crypto regulation after President Donald Trump hosted industry representatives, including Ripple CEO Brad Garlinghouse, at the White House. Trump called on Congress to advance the CLARITY Act, which seeks to divide ove...