Line a baking sheet with parchment paper. Set aside.
In a microwave-safe bowl, melt the white chocolate chips in 30-second intervals, stirring in between until smooth.
Dip each pretzel bite into the melted white chocolate, allowing excess to drip off. Place them on the prepared baking sheet.
In separate bowls, melt the red and blue candy melts with 1/2 tablespoon of coconut oil in the microwave, using the same method as the white chocolate.
Drizzle the melted red and blue candy over the white chocolate-covered pretzels using a fork or a piping bag for more control.
While the candy is still wet, sprinkle the red, white, and blue sprinkles on top for decoration.
Allow the pretzels to set at room temperature for about 30 minutes or until the chocolate and candy melts harden.