Sergey Diakov
XRP (Ripple) weekly chart is displaying one of the most compelling technical formations in years. The cryptocurrency has developed a textbook cup and handle pattern spanning from 2020 through 2025, and it's now testing upper resistance levels that could determine its trajectory for the coming months. This formation, widely recognized as a reliable continuation pattern in technical analysis, suggests that XRP may be approaching a pivotal moment.
A Multi-Year Bullish Setup Takes Shape
Analyst STEPH IS CRYPTO has identified a well-defined cup and handle pattern on XRP's weekly chart using Bitstamp data. This structure represents an extended consolidation period followed by the potential for renewed momentum once key resistance is cleared.
The cup portion took shape over several years as XRP recovered from its 2021 peak and stabilized throughout 2022 and 2023. Meanwhile, the handle began forming in mid-2024, creating a tightening range just below the long-term resistance zone near $2.60 to $2.70. XRP is currently trading close to this critical threshold, showing the compressed volatility that often comes before significant trend expansions.
Key Technical Levels and Price Outlook
Primary resistance sits at $2.60 to $2.70, while support ranges from $1.80 to $2.00. If this pattern confirms, the technical target points toward $4.00 to $5.00, based on the formation's structure spanning 2020 to 2025. The chart indicates XRP is nearing the end of a prolonged accumulation cycle. The rounded base of the cup reflects a structural shift from bearish consolidation toward sustained strength. As XRP continues trading along its upper boundary, traders are watching for sustained momentum backed by rising volume, which would signal that long-term accumulation is transitioning into renewed growth.
Market Context and Investor Sentiment
This technical setup emerges as Ripple gains legal clarity and expands its global payment adoption. Recent regulatory progress in the United States, combined with growing partnerships with financial institutions, has strengthened investor confidence after years of uncertainty. Broader market trends are also playing a role. With Bitcoin consolidating and capital rotating into major altcoins, XRP's long-term structure aligns with a wider narrative of institutional re-entry and cyclical recovery across the crypto sector.
A Decisive Phase for XRP Ahead of 2025
XRP's weekly chart points toward a defining moment as the asset consolidates near multi-year resistance. A confirmed move beyond the upper trendline could validate this multi-year pattern, potentially opening the door to the next stage of XRP's long-term growth. While the market remains cautious, this setup represents one of XRP's most technically significant structures in years, positioning the token as a key asset to watch heading into 2025.
Sergey Diakov
