Place the white chocolate candy melts in a medium bowl, and melt in the microwave.
Dip the pretzels in the melted chocolate, and shake off the excess chocolate. Sprinkle the sprinkles on the pretzels, turning each pretzel so that all the sides have sprinkles on it.
Lay the pretzels down on the wax paper to set. Store in an airtight container for up to 4 days.