Saad Ullah
XRP (Ripple) has quietly been building one of crypto's most compelling long-term technical patterns. After years of sideways consolidation, the coin now sits at a critical juncture where chart structure, regulatory progress, and broader market conditions are converging. What traders are watching closely is a classic setup that has historically preceded major rallies — and it's starting to take shape on the weekly timeframe.
Multi-Year Pattern Taking Shape
A recent technical analysis shared by STEPH IS CRYPTO reveals a clearly defined cup and handle formation on the weekly XRP/USD chart.
The pattern spans multiple years, capturing XRP's deep base from 2020 through 2023 and its gradual recovery into 2024. The "cup" reflects a prolonged accumulation zone, while the current phase appears to be forming the "handle" — a compression stage that often precedes a strong upward move.
Critical Resistance at $2.63
The upper resistance trendline, connecting peaks from 2020 and 2024, currently sits near $2.63. This level represents the key technical barrier. A sustained push above it would confirm the pattern and potentially trigger renewed momentum heading into the next cycle. Cup and handle formations, especially on longer timeframes, tend to signal continuation when confirmed by volume and improving market sentiment.
Ripple's Progress and Institutional Interest
Beyond the chart, XRP's positioning is supported by Ripple's progress in regulatory clarity and growing institutional interest in cross-border blockchain solutions. The asset's role as a bridge currency for fast global payments gives it an edge as traditional finance increasingly integrates blockchain technology. The current consolidation phase could represent the quiet accumulation that historically occurs before major upside movements.
AI Infrastructure and Blockchain Adoption
The timing also aligns with broader macro trends. As AI infrastructure reshapes global finance and liquidity flows through the tech ecosystem, blockchain adoption continues to accelerate. XRP, positioned at the intersection of payments and data flow, stands to benefit from this wave of modernization as AI-driven automation fuels financial system upgrades.
Saad Ullah
