Peter Smith
XRP has been quietly setting up what could be one of its most important technical patterns in recent months. While the broader crypto market has been experiencing its usual ups and downs, XRP has been patiently building a formation that technical analysts love to see. Combined with some exciting fundamental developments, this setup could be worth watching closely in the coming weeks.
XRP Price Forms Cup-and-Handle Pattern
XRP's chart is showing a textbook cup-and-handle pattern right now, which is exactly the kind of setup that gets traders excited. This bullish pattern often signals that bigger moves are coming. Currently sitting around $2.80, XRP has found solid ground in the $2.70–$2.75 area, giving it a nice foundation to work from.
The big test comes at $3.38 – that's where sellers have been stepping in consistently, making it the make-or-break level for this whole setup.
Things are looking even more interesting when you consider what's happening behind the scenes. Trader @KamilShaheen19 pointed out that the technical setup is getting backed up by some solid fundamental news. BlackRock's decision to join Ripple Swell 2025 is a pretty big deal – when you've got major financial players like that getting involved, it usually means institutional money is starting to take notice.
This kind of backing from heavyweight financial institutions could be exactly what XRP needs to push through those stubborn resistance levels and keep climbing higher.
XRP Price Outlook: Key Levels to Watch
If XRP can punch through that $3.38 wall, we're looking at potential targets around $3.50 and $3.80 as the next stops on the way up. But it's not all sunshine – if things go south, the first safety net is at $2.70, with deeper support sitting at $2.50 and $2.26.
Keeping those support levels intact is going to be crucial for maintaining this bullish setup. Right now, all the focus is on whether XRP can break out above $3.38, which could really set the tone for how the rest of 2025 plays out.
Peter Smith
