XRP Weekly Cup-and-Handle Pattern Points to $5.20 Rally
Analysts Peter Brandt and AltcoinGordon spot a rare continuation and cup-and-handle pattern on the XRP/USDT weekly chart. XRP cleared the $3 resistance, posting a 25% weekly gain supported by record whale accumulation and an NUPL shift into “belief–denial.” The neckline at $3 needs a sustained weekly close above, followed by a brief pullback to form the handle. If the setup resolves upward, XRP could rally 60–70% toward $4.47–$5.20. Key support sits at $1.80; a drop below would invalidate the bullish view. Renewed institutional interest, Ripple product integrations, and an altcoin season—if Bitcoin holds near $110,000—add further tailwinds. Traders should watch the $3 zone for breakout confirmation and manage risk accordingly.
Bullish
The combination of a rare continuation and cup-and-handle pattern on XRP’s weekly chart, backed by record whale accumulation and positive on-chain sentiment, strongly supports a bullish outlook. A sustained close above the $3 neckline followed by a handle formation could trigger a significant breakout, targeting $4.47–$5.20. Institutional interest and Ripple’s expanding ecosystem add long-term support, while the $1.80 level acts as a clear invalidation point. Overall, both short-term breakout dynamics and longer-term fundamentals point to a bullish impact on XRP’s price.