Usman Salis
⬤ XRP's yearly chart shows a cup-and-handle figure that took multiple years to finish. The pattern has completed its shaping phase and now appears set for its next step. At the moment XRP trades close to two support levels: $1.88 and $2.10. Those levels serve as the base for whatever move follows.
⬤ The chart displays XRP slowly rising from the cup's floor toward the neckline - the pattern's upper rim where breakouts usually occur. Measuring the cup's depth gives extension targets at 161.80 %, 261.80 %, 361.80 % plus 423.60 % of the Fibonacci scale. Those calculations point toward possible prices of $5.85, $18.22 and $36.76. The figure repeats across multiple years of data, which indicates steady accumulation instead of random swings.
The structure has finished its development stage and now stands ready for a potential upward move.
⬤ The handle - the gentle dip on the right - signals healthy consolidation, not fragility. XRP now rests at the neckline, the level where such patterns either break upward or collapse. The supports at $1.88 but also $2.10 are not accidental - they have held during each pullback. If XRP closes decisively above the neckline, the stepped targets above become the next reasonable stops, based on the depth of the cup.
⬤ Multi-year cup-and-handle formations matter because they usually reflect long periods of quiet accumulation before large advances. With XRP pressing against key resistance, the issue is whether buyers will supply enough force to reach the higher objectives. The technical layout is in place - the outcome hinges on follow through.
Usman Salis
