XRP News Today: XRP Cup & Handle Pattern Sparks $7 Price Target as 30-Day Rally Hits 92%

XRP has regained attention as a potential breakout candidate, with a developing Cup & Handle pattern on its weekly chart sparking optimism among traders and analysts. CryptoBull, a prominent figure on X, highlighted the formation in a July 23 post, stating that the pattern could propel XRP above $7 once confirmed [1]. The Cup & Handle structure, a well-known continuation pattern in technical analysis, typically signals an upward trajectory following a consolidation phase. In XRP’s case, the "cup" began forming in late 2024, with prices declining to $1.80 before reversing in April 2025 and surging to $3.66. A recent consolidation below $3.40 has outlined the "handle," setting the stage for a potential breakout [2].

The price action aligns with classic technical indicators. The measured move of the pattern—calculated by adding the cup’s depth ($1.80) to the breakout level (near $4)—supports a target above $7, as noted by CryptoBull. Analysts like XRPunkie and Vincent Van Code further argue that the recent 10% dip in XRP’s 24-hour price (to around $3.16) is a typical retracement within a broader bullish trend. They emphasize that the 92% rally from $1.95 to $3.66 over 30 days reflects strong momentum, with XRP trading above its 200-day moving average, another positive signal [3].

Institutional confidence in XRP’s long-term prospects has also grown. A Brazilian fintech firm, VERT, launched a $130 million blockchain platform on the XRP Ledger, while Nature’s Miracle added $20 million in XRP to its treasury during the recent price dip. These moves underscore institutional adoption, complementing on-chain data showing $1.4 billion in daily ledger transactions and $11 billion in derivatives open interest. Such figures highlight deepening market participation and resilience amid volatility [4].

Critical price levels now define the next phase of XRP’s trajectory. A breakout above the $3.30–$3.40 resistance zone, coupled with rising trading volume, would validate the handle’s completion and trigger a move toward $5, with $7 as a longer-term target. Analysts caution, however, that a failure to hold above $3 could lead to a retest of support levels at $2.70 or $2.20. Extended optimism hinges on sustained momentum and favorable macroeconomic conditions, with some forecasts projecting targets as high as $10–$15 [5].

The convergence of technical patterns, institutional adoption, and positive on-chain metrics positions XRP at a pivotal juncture. While CryptoBull’s $7 projection is rooted in established technical analysis, the market’s response to key resistance levels will determine whether this rally marks the start of a larger trend.

Sources:

[1] [XRP Flashes Cup & Handle Pattern, Crypto Bull Sets Next Price Target](https://timestabloid.com/xrp-flashes-cup-handle-pattern-crypto-bull-sets-next-price-target/)

[2] [XRP Flashes Cup & Handle Pattern, Crypto Bull Sets Next Price Target](https://timestabloid.com/xrp-flashes-cup-handle-pattern-crypto-bull-sets-next-price-target/)

[3] [XRP Flashes Cup & Handle Pattern, Crypto Bull Sets Next Price Target](https://timestabloid.com/xrp-flashes-cup-handle-pattern-crypto-bull-sets-next-price-target/)

[4] [XRP Flashes Cup & Handle Pattern, Crypto Bull Sets Next Price Target](https://timestabloid.com/xrp-flashes-cup-handle-pattern-crypto-bull-sets-next-price-target/)

[5] [XRP Flashes Cup & Handle Pattern, Crypto Bull Sets Next Price Target](https://timestabloid.com/xrp-flashes-cup-handle-pattern-crypto-bull-sets-next-price-target/)