XRP Cup-and-Handle Signals $5+ Breakout, $8 Target Possible
Crypto analyst CryptoBull spots a near-complete cup-and-handle pattern for XRP on both the weekly and monthly charts, signaling potential breakouts. On the weekly chart, XRP trades around $2.83 with a cup formed from late 2024 to mid-2025 and a handle near $2.71–$3.00. A volume-backed close above $3.00–$3.10 could trigger an $8 breakout target, implying 182% upside. On the monthly chart, a textbook cup-and-handle with a handle at $2.50 has formed. A decisive monthly close above $2.80 with strong volume would confirm a breakout toward $5+, levels not seen since 2021. Failure to break key resistances may see XRP retest support at $2.00. Ripple’s expanding partnerships, growing XRP Ledger use in stablecoin and tokenized asset transactions, and rising institutional participation post-regulatory clarity bolster the bullish thesis. Traders should watch volume-supported closes and monitor the $2.80, $3.00–$3.10 resistance zones to gauge XRP’s next major rally.
Bullish
Both weekly and monthly charts reveal completed cup-and-handle patterns for XRP, suggesting strong upside potential. The weekly setup targets $8 with a close above $3.00–$3.10, while the monthly chart points to a $5+ breakout upon a $2.80 monthly close. Combined with strong on-chain fundamentals—Ripple’s partnerships, increased ledger usage, and institutional inflows post-regulatory clarity—this news is bullish for XRP in both the short term (volume-backed breakout triggers) and long term (sustained network adoption and regulatory support). Traders are likely to buy on confirmed breakouts, driving momentum higher.