Saad Ullah
XRP is showing one of the most bullish patterns in crypto right now. The token jumped 7.35% today to hit $3.26, and technical analysts are getting excited about what they're seeing on the charts. XRP appears to be forming a textbook cup and handle pattern - one of the strongest bullish signals in trading.
XRP Price Action Shows Perfect Technical Setup
What's happening with XRP right now is pretty remarkable. The coin is smashing through resistance levels like they're made of paper, and there's a solid technical reason behind it. This isn't just another random pump - the charts are telling a story that goes back months.
The cup and handle pattern that's forming is the real deal. It started taking shape back in late 2023, went through a long decline and recovery throughout 2024, and now we're seeing the payoff. The "cup" part is basically complete, running from highs around $3.30 down to lows near $1.50, then back up again.
Here's what makes this interesting: XRP has fully recovered to its previous highs, which suggests the accumulation phase might be over. Now we're potentially entering what traders call the "markup phase" - where the real action happens.
The "handle" part is what everyone's watching now. This usually shows up as a brief consolidation or small pullback before the breakout. XRP could keep rallying hard from here, or it might pull back a bit to form that final consolidation. Either way, if this pattern plays out, we're looking at a target near $5.
XRP Chart Points to Major Breakout Ahead
The volume tells an interesting story too. It's been lighter during pullbacks and heavier during rallies - exactly what you want to see in a healthy pattern. This suggests buyers are stepping in aggressively on any upward moves while sellers aren't putting up much of a fight on the way down.
The RSI is sitting at 86 right now, which is pretty high. But here's the thing - in strong trending markets, RSI can stay elevated for a long time. It doesn't automatically mean a reversal is coming, especially when you're dealing with momentum like this.
If XRP can hold around current levels without a major breakdown, the handle could be short and shallow. That would actually be bullish because it shows demand is so strong that even small dips get bought up quickly.
The key level to watch is $3.30. A clean break above that level with good volume would confirm the pattern and potentially trigger the move toward $5. That's about a 53% gain from current levels - not bad for a top-10 crypto.
XRP Price Could Hit 2017 Highs Again
Bottom line: XRP is showing one of the clearest bullish continuation patterns in the crypto market right now. If this cup and handle plays out properly, we could see XRP reach levels it hasn't touched since the 2017 bull run.
The technical setup is solid, the volume is supporting the move, and the pattern has had plenty of time to develop properly. A confirmed breakout above $3.30 would be the signal many traders are waiting for to validate the $5 target.
Of course, crypto being crypto, anything can happen. But from a pure technical analysis standpoint, XRP is setting up for what could be a significant move higher. The pattern is textbook, the timing feels right, and the target is realistic based on the formation's depth.
Saad Ullah
