Recently, XRP has formed a Cup & Handle pattern, which is considered a strong bullish signal. This has led to speculation that XRP could surpass $3 and potentially reach $3.4.
XRP Cup & Handle Pattern Analysis
The Cup & Handle pattern consists of an initial decline followed by a U-shaped recovery (cup), then a short-term decline before an upward breakout (handle). Currently, XRP is showing an uptrend within the handle phase, testing the $2.75 resistance level.
📌 Learn more about the Cup & Handle pattern on Investopedia.
XRP Price Targets
- Breakthrough at $2.75 → Target $2.84
- Breakthrough at $2.84 → Final target $3.4
Cryptocurrency analyst Dark Defender predicts that if XRP surpasses $2.77, $3 will come into range. Another analyst, Kwantxbt, states that a bullish divergence in momentum indicators has been confirmed on the daily chart, suggesting XRP could rise to $2.85–$3.15.
Potential Downside & Key Support Levels
Blockchain media outlet NewsBTC has identified $2.7 as a critical resistance level. Failure to break this level could lead to further downside movement.
📌 Read more about XRP’s latest analysis on NewsBTC.
XRP Key Resistance & Support Levels
- Resistance Levels: $2.7 → $2.72 → $2.8 → $2.84 → $2.92 → $3
- Support Levels: $2.6 → $2.582 → $2.55
If XRP fails to break the $2.72 resistance, it could test the first support level at $2.6 (50% Fibonacci retracement level). A break below this level could lead to further declines toward $2.582 and $2.55.
On-Chain Data Analysis
According to CryptoQuant, XRP’s exchange supply has been steadily decreasing since November 2024. During the same period, XRP’s price has surged by 330%, which is seen as a long-term bullish indicator.
📌 View real-time XRP on-chain data on CryptoQuant.
Conclusion: XRP Price Forecast
Currently, XRP is trading at $2.60, having declined 3.3% over the past 24 hours. Given the Cup & Handle pattern and on-chain data trends, breaking $2.75 will be a key factor in determining its future direction.
📌 Check live XRP price & market data on CoinMarketCap.
Bullish Scenario
- If XRP breaks $2.75, it could target $2.84, with a final potential rise to $3.4.
Bearish Scenario
- If XRP fails to surpass $2.72, it may test $2.6 as the next support level.
Continuous monitoring of XRP’s price movements is essential to assess its next steps. 📌 Track real-time XRP charts on TradingView.